The effects of new public projects to expand urban rail transit

被引：162
|
作者：
Baum-Snow, N
Kahn, ME
机构：
[1] Columbia Univ, Dept Econ & Int Affairs, New York, NY 10027 USA
[2] Fed Reserve Bank New York, New York, NY 10045 USA
来源：
JOURNAL OF PUBLIC ECONOMICS | 2000年 / 77卷 / 02期
关键词：
public transit; usage; housing values;
D O I：
10.1016/S0047-2727(99)00085-7
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
Many US cities invest in large public transit projects in order to reduce private vehicle dependence and to reverse the downward trend in public transit use. Using a unique panel data set for five major cities that upgraded their rail transit systems in the 1980s, we estimate new rail transit's impact on usage and housing values, using distance as a proxy for transit access. New rail transit has a small impact on usage and housing values. This impact is enough to represent tangible benefits of new transit to nearby residents. New transit's benefits are not uniformly distributed. We document which demographic groups are over represented in transit growth areas and the changes in transit usage by different demographic groups. (C) 2000 Elsevier Science S.A. All rights reserved.
引用
收藏
页码：241 / 263
页数：23
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