Resource title

The train has left the stadion: real estate price effects of mainline realignment in Berlin

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image for OpenScout resource :: The train has left the stadion: real estate price effects of mainline realignment in Berlin

Resource description

While there is an increasing body of literature testing for a correlation between access to regional markets and economic activity, little evidence is available for market access being of causal importance for economic development. This paper investigates the impact of exogenous variation to cities and regions on an urban scale. We study the case of Berlin where the western central business district unexpectedly became disconnected from long-distance railway connections. A combined hedonic and difference-in-difference approach is employed to show that property transaction prices within areas identified to experience a particularly strong decline in accessibility are reduced by approximately 22% after announcement of a new transport plan. We show that this treatment effect is not attributable to effects other than variation of access to cities and regions.

Resource author

Gabriel M. Ahlfeldt

Resource publisher

Resource publish date

Resource language

eng

Resource content type

text/html

Resource resource URL

http://hdl.handle.net/10419/25362

Resource license

Adapt according to the presented license agreement and reference the original author.