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Social and Behavioral Sciences Commons™
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Full-Text Articles in Social and Behavioral Sciences
Public Transit And Property Values: Did The Metro Blue Line Affect Home Prices In Minneapolis?, Clemens A. Pilgram
Public Transit And Property Values: Did The Metro Blue Line Affect Home Prices In Minneapolis?, Clemens A. Pilgram
Economics Honors Projects
This study estimates the accessibility premium commanded by single family homes located near LRT stations using home sales data from Minneapolis covering 1990 to 2014. The region’ first LRT, the “Blue Line”, was announced in 1998 and opened in 2004. I find mixed evidence for an increase in home values following the introduction of LRT service to South Minneapolis using a repeat sales model. My central estimate suggests that no such premium exists when including all years of data. However, limiting my data to fewer years of operation, I am able to reproduce prior studies’ positive premiums.
The Paradoxical Effect Of Intercity Transportation And Communications Infrastructure On Urban Concentration: The Dispersion-Concentration Model, Alvaro Ballarin Cabrera
The Paradoxical Effect Of Intercity Transportation And Communications Infrastructure On Urban Concentration: The Dispersion-Concentration Model, Alvaro Ballarin Cabrera
Economics Honors Projects
This study examines the effect of intercity transportation and communications infrastructure on urban concentration on a sample of 84 countries between the years 1960 and 2010. By comparing the effects of interregional transportation and communications infrastructure on primacy and urbanization, I find that (1) such investments promote population dispersion amongst connected areas and (2) population concentration from unconnected locations into connected ones. Therefore, intercity transportation and communications infrastructure is only effective at reducing excessive concentration when the dispersion effect exceeds the concentration effect.