Assessing the effects of the São Paulo's metropolitan beltway on residential land prices

Avaliação dos efeitos do rodoanel paulistano nos preços de imóveis residenciais

This paper estimates the effect of highways on land prices using the implementation of the west branch of a large beltway around Sao Paulo Metropolitan Area. This is a unique opportunity since the beltway is being implemented by branches. So, it is possible to use the zones surrounding the branches where construction has actually started as a treatment group to be compared with zones surrounding branches for which construction has not started yet. Since we have a proxy for land price data before and after construction, it is possible to estimate the impact by difference-in-difference. The evidence is that there are significant and asymmetrical effects caused by the highway construction. Parcels located close to ramps outbound of the track observed an increase in price faster than similar zones close to other (planned) branches. For parcels located inbound of the beltway, relatively far from the track (between 2.5 km and 5 km), the effects of construction and delivery/operation faced a (relative) decline in land prices. These results have consequences for transportation finance; betterment levies and value capture taxes; and welfare.

• Record URL:
  • https://doi.org/10.1590/S2238-10312013000200020
• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/issn/22381031
• Supplemental Notes:
  • Abstract used with permission of the Brazilian Transportation Planning Society (BTPS)
• Authors:
  • Maciel, Vladimir Fernandes
  • Biderman, Ciro
• Publication Date: 2013-4

Language

• English
• Portuguese

Media Info

• Media Type: Digital/other
• Features: Appendices; Figures; Maps; References; Tables;
• Pagination: pp 373-402
• Serial:
  • Journal of Transport Literature
  • Volume: 7
  • Issue Number: 2
  • Publisher: Brazilian Transport Planning Society
  • ISSN: 2238-1031
  • Serial URL: http://www.scielo.br/scielo.php?script=sci_serial&pid=2238-1031&lng=en&nrm=iso

Subject/Index Terms

• TRT Terms: Beltways; Construction; Land values; Value capture
• Geographic Terms: Sao Paulo (Brazil)
• Subject Areas: Economics; Finance; Highways; I10: Economics and Administration;

Filing Info

• Accession Number: 01492427
• Record Type: Publication
• Files: TRIS
• Created Date: Sep 9 2013 9:19AM