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Geographically weighted regression models of residential property transactions: Walkability and value uplift
Journal of Transport Geography ( IF 5.7 ) Pub Date : 2021-04-05 , DOI: 10.1016/j.jtrangeo.2021.103029
Edmund Zolnik

Value uplift refers to the increase in property value attributable to proximate transportation infrastructure. The empirical literature is generally supportive of the argument to capture a fraction of such additional value to operate public transportation systems. Unfortunately, attention to the relative value of different transportation infrastructure besides rail infrastructure is not evident in the literature. The gap in the literature is problematic because an accurate estimate of the total revenue potential from present transportation infrastructure investments is not realistic nor is an accurate estimate of the value uplift potential from future transportation infrastructure investments realistic. In order to fill the gap, adoption of a geographically-weighted approach expands the temporal scale of analysis to more than a decade and the spatial scale of analysis to an entire heavy rail system in order to properly contextualize the value uplift from pedestrian infrastructure and from rail infrastructure. Results advance the state of knowledge on value uplift to show the range of value uplift attributable to walkability in proximity to heavy rail stations. Overall, the results warrant further research to better understand why the estimate of the value uplift attributable to walkability is higher than the estimate in the empirical literature.



中文翻译:

住宅物业交易的地理加权回归模型:步行性和价值提升

价值提升是指由于邻近运输基础设施而导致的房地产价值增加。经验文献通常支持这样的论点,即获取一部分这样的附加价值来运营公共交通系统。不幸的是,在文献中没有注意到对铁路基础设施以外的其他交通基础设施的相对价值的关注。文献中的差距是有问题的,因为从目前的交通基础设施投资中准确估算潜在总收入是不现实的,从未来的交通基础设施投资中准确估算潜在价值的提升也不现实。为了填补空白,采用地理加权方法可将分析的时间范围扩展到十多年,并将分析的空间范围扩展到整个重型铁路系统,以恰当地结合步行者基础设施和铁路基础设施带来的价值提升。结果提高了关于价值提升的知识水平,以显示归因于靠近重型火车站的步行性的价值提升范围。总体而言,这些结果值得进一步研究,以更好地理解可步行性引起的价值提升的估算值为何高于经验文献中的估算值。结果提高了关于价值提升的知识水平,以显示归因于靠近重型火车站的步行性的价值提升范围。总体而言,这些结果值得进一步研究,以更好地理解可步行性引起的价值提升的估算值为何高于经验文献中的估算值。结果提高了关于价值提升的知识水平,以显示归因于靠近重型火车站的步行性的价值提升范围。总体而言,这些结果值得进一步研究,以更好地理解可步行性引起的价值提升的估算值为何高于经验文献中的估算值。

更新日期:2021-04-05
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