کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
970709 1479662 2015 10 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Impact of electronic road pricing on real estate prices in Singapore
ترجمه فارسی عنوان
تاثیر قیمت گذاری جاده های الکترونیکی در قیمت املاک و مستغلات در سنگاپور
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
چکیده انگلیسی

Since 1998, Singapore has had an Electronic Road Pricing (ERP) system set up with a network of toll gantries to tax vehicles entering designated areas in the city center during peak hours. Using the congestion rate hike with effect from November 1, 2010 as an exogenous shock, we test the effects of the ERP rate hike on retail, office and residential real estate prices. The results show that the November 2010 congestion toll rate increases cause a 19% drop in retail real estate prices within the cordon ERP areas relative to retail real estate prices outside the cordon ERP areas. The results are statistically and economically significant. However, the toll rate hike has no significant impact private office and residential real estate within cordoned ERP areas. The robustness and falsification tests could not reject the negative effects associated with the toll rate hike on retail real estate prices.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Urban Economics - Volume 90, November 2015, Pages 50–59
نویسندگان
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