TY  - JOUR
PY  - 2019//
TI  - House prices and accessibility: evidence from a quasi-experiment in transport infrastructure
JO  - Journal of economic geography
A1  - Hoogendoorn, Sander
A1  - van Gemeren, Joost
A1  - Verstraten, Paul
A1  - Folmer, Kees
SP  - 57
EP  - 87
VL  - 19
IS  - 1
N2  - This article studies the impact of accessibility on house prices based on a novel quasi-experiment in the Netherlands: the Westerscheldetunnel. We exploit the fact that the opening of the tunnel caused a major shift in accessibility for people and firms in the connected regions. Our results indicate that the accessibility elasticity of house prices is 0.8. We also find support for the idea of anticipation: about half of the accessibility effect already materializes more than 1 year before the opening of the tunnel. Finally, our analyses suggest that the impact of accessibility differs substantially across regions.<p />  <p>Language: en</p>
LA  - en
SN  - 1468-2702
UR  - http://dx.doi.org/10.1093/jeg/lbx027
ID  - ref1
ER  -