A Methodological Proposal to Estimate Changes of Residential Property Value: Case Study Developed in Bogotá

Posted: 28 Mar 2012

See all articles by Jorge Andres Perdomo Calvo

Jorge Andres Perdomo Calvo

Universidad del País Vasco (UPV/EHU) - Department of Applied Economics III (Econometrics and Statistics)

Date Written: March 30, 2011

Abstract

This article is an empirical study of residential land values in the vicinity of the TransMilenio system (Bus Rapid Transit, BRT) in Bogota' (Colombia). The results have been established through impact evaluation by means of nonparameteric approaches (Propensity Score Matching, PSM) and econometric approaches (Spatial Hedonic Price, SHP) indicating tha access to the BRT system generates benefits on the change of property value.

Keywords: TransMilenio, Bogota', impact evaluation, propensity score matching, spatial hedonic price, change of property value

JEL Classification: C14, C25, C52, L92, R11

Suggested Citation

Perdomo Calvo, Jorge Andres, A Methodological Proposal to Estimate Changes of Residential Property Value: Case Study Developed in Bogotá (March 30, 2011). Applied Economics Letters, Vol. 18, No. 16, 2011. Available at SSRN: https://ssrn.com/abstract=2030494

Jorge Andres Perdomo Calvo (Contact Author)

Universidad del País Vasco (UPV/EHU) - Department of Applied Economics III (Econometrics and Statistics) ( email )

Avda. Lehendakari Aguirre 83
Bilbao, Vizcaya 48015
Spain

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