Analysis of the Spatial Effect of Urban Expressway on House Price

Rui Shen, Ling Zhang
2020 Proceedings of the Fifth International Conference on Economic and Business Management (FEBM 2020)   unpublished
Transportation infrastructure can affect the house price by influencing the traffic accessibility of the location. The urban expressway is an important part of the transportation infrastructure, which should have a certain impact on the house price. This paper analyses the spatial effect of urban expressway on house price by using geographically weighted regression model. Results show that the house price has a significant spatial autocorrelation effect, and the estimation result of the
more » ... ically weighted regression model is superior to the traditional hedonic model, and the spatial influence range and elastic coefficient of the expressway transportation cost on the house price are estimated. In addition, time cost can reflect transportation cost better than path cost.
doi:10.2991/aebmr.k.201211.028 fatcat:j2amni4sizf3pdyn5pt4iu4uee