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Identifying spatiotemporally-varying effects of a newly built subway line on land price: Difference and correlation between commercial and residential uses
International Journal of Sustainable Transportation ( IF 3.1 ) Pub Date : 2020-07-31 , DOI: 10.1080/15568318.2020.1789248
Suji Kim 1 , Jihye Byun 2
Affiliation  

Abstract

This study examines the spatiotemporal relationship between the newly built subway line and land price, focusing on difference and correlation between commercial and residential land uses. For a spatiotemporally sensitive analysis, Geographically and Temporally Weighted Regression (GTWR) method is used to test land price data in Daejeon, South Korea. A new approach is suggested in the bandwidth selection process of GTWR to consider the interactive relationship between commercial and residential land uses. With the proposed approach, this study develops models to measure the effects of a newly built subway line on commercial and residential land prices. The estimates of the models indicate that commercial and residential land uses have an interactive relationship, and the effects from the nearby environments indicate geographically and also temporally different patterns for each land use. The distribution of coefficients shows that the effect size is greater on the commercial land price than on the residential land price. However, the geographical effect is wider on the commercial land price, while the temporal effect is longer on the residential land price. This study provides a novel perspective on empirical research about the effects of newly built public transit on land prices. Furthermore, the results imply that land price estimation needs to consider the mutual relationship between land uses and to be differentiated by the type of land use.



中文翻译:

识别新建地铁线对土地价格的时空变化:商业和住宅用途之间的差异和相关性

抽象的

本研究考察了新建地铁线路与土地价格之间的时空关系,重点研究了商业和住宅土地利用之间的差异和相关性。对于时空敏感性分析,使用地理和时间加权回归(GTWR)方法来测试韩国大田的土地价格数据。在GTWR的带宽选择过程中提出了一种新方法,以考虑商业和住宅土地用途之间的交互关系。通过提出的方法,本研究开发了模型来测量新建地铁对商业和住宅土地价格的影响。这些模型的估算表明,商业和住宅用地之间存在互动关系,并且附近环境的影响表明每种土地用途在地理和时间上都有不同的模式。系数的分布表明,对商业土地价格的影响大小大于对住宅土地价格的影响大小。但是,地理因素对商业土地价格的影响更大,而时间影响对住宅土地价格的影响则更长。这项研究为关于新型公共交通对土地价格的影响的实证研究提供了新颖的视角。此外,结果暗示土地价格估算需要考虑土地利用之间的相互关系,并需要根据土地利用的类型加以区分。系数的分布表明,对商业土地价格的影响大小大于对住宅土地价格的影响大小。但是,地理因素对商业土地价格的影响更大,而时间影响对住宅土地价格的影响则更长。这项研究为关于新型公共交通对土地价格的影响的实证研究提供了新颖的视角。此外,结果暗示土地价格估算需要考虑土地利用之间的相互关系,并需要根据土地利用的类型加以区分。系数的分布表明,对商业土地价格的影响大小大于对住宅土地价格的影响大小。但是,地理因素对商业土地价格的影响更大,而时间影响对住宅土地价格的影响则更长。这项研究为关于新型公共交通对土地价格的影响的实证研究提供了新颖的视角。此外,结果暗示土地价格估算需要考虑土地利用之间的相互关系,并需要根据土地利用的类型加以区分。

更新日期:2020-07-31
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