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dc.contributor.authorWang, Binzhe
dc.date.accessioned2018-10-23T13:36:05Z
dc.date.available2020-08-22T06:00:45Z
dc.date.issued2018-08-30
dc.identifier.otherWang_cornell_0058O_10396
dc.identifier.otherhttp://dissertations.umi.com/cornell:10396
dc.identifier.otherbibid: 10489858
dc.identifier.urihttps://hdl.handle.net/1813/59760
dc.description.abstractBased on housing transaction data in Beijing 2005-2016, this thesis examines the impacts of car driving and purchasing restrictions on the value of subway proximity. The thesis proposes a heterogeneous framework for citywide subway capitalization studies by adding station fixed effects to the standard practice of hedonic method. Results suggest that for second-hand homes, subway proximity is a significant determinant of housing prices. The 2008 car driving restriction has increased the value of proximity for second-hand homes, but only for those within the 8km-radius of subway stations. The 2014 bi-monthly lottery restriction induces an unexpected but robust negative effect on proximity values, which probably implies that gentrification has started to take place in neighborhoods that are near subway stations.
dc.language.isoen_US
dc.subjectEnvironmental economics
dc.subjectUrban planning
dc.titleTHE IMPACTS OF CAR DRIVING AND PURCHASING RESTRICTIONS ON THE VALUE OF SUBWAY PROXIMITY: EVIDENCE FROM HOUSING MARKET IN BEIJING
dc.typedissertation or thesis
thesis.degree.disciplineApplied Economics and Management
thesis.degree.grantorCornell University
thesis.degree.levelMaster of Science
thesis.degree.nameM.S., Applied Economics and Management
dc.contributor.chairLi, Shanjun
dc.contributor.committeeMemberBarwick, Panle Jia
dcterms.licensehttps://hdl.handle.net/1813/59810
dc.identifier.doihttps://doi.org/10.7298/X43J3B6P


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