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.


    Access

    Check access

    Check availability in my library

    Order at Subito €


    Export, share and cite



    Title :

    Identifying spatiotemporally-varying effects of a newly built subway line on land price: Difference and correlation between commercial and residential uses


    Contributors:
    Kim, Suji (author) / Byun, Jihye (author)


    Publication date :

    2021-03-01


    Size :

    11 pages




    Type of media :

    Article (Journal)


    Type of material :

    Electronic Resource


    Language :

    English




    Transfer structure and transfer method for existing line and newly-built line of subway

    GENG MING / CHEN YI | European Patent Office | 2023

    Free access

    Spatially Varying Relation between Built Environment and Station-Level Subway Passenger-Distance

    Hongtai Yang / Zhihao Zhao / Chaozhe Jiang et al. | DOAJ | 2022

    Free access

    Data‐driven approach for identifying spatiotemporally recurrent bottlenecks

    Song, Tai‐Jin / Williams, Billy M. / Rouphail, Nagui M. | Wiley | 2018

    Free access

    Data-driven approach for identifying spatiotemporally recurrent bottlenecks

    Song, Tai-Jin / Williams, Billy M. / Rouphail, Nagui M. | IET | 2018

    Free access