This research assesses the appreciation in residential property values in connection with proximity to the Little Miami Scenic Trail, a multi-purpose biking, hiking, and jogging trail built along an abandoned railroad corridor near Cincinnati, Ohio, USA. Applying two spatial hedonic frameworks, the spatial lag of X (SLX) model and the spatial Durbin error model, we conclude that proximity to trail entrances had significant impacts on property values for both, Euclidean and network distance measures. Specifically, the SLX results indicate that decreasing the distance to the closest trail entrance by one foot (meter) increases a house’s property value by US$0.92 (US$3.02) when using network distances.

中文翻译：

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将废弃的铁路走廊改造成多用途步道：应用空间享乐主义方法估算美国俄亥俄州辛辛那提的小迈阿密风光大道的经济效益

这项研究评估了与靠近美国迈阿密辛辛那提市沿废弃铁路走廊建造的多用途自行车，远足和慢跑小径的小迈阿密风景名胜区相关的住宅物业价值的增值。应用两个空间享乐框架，即X的空间滞后（SLX）模型和空间的Durbin误差模型，我们得出结论，接近小径入口对欧氏距离和网络距离度量的属性值都有重大影响。具体而言，SLX结果表明，使用网络距离时，将到最近的小径入口的距离减小一英尺（米），会使房屋的财产价值增加0.92美元（3.02美元）。