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Author : Arturo Bujanda
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (935 download)
Download or read book Impacts of Transportation Infrastructure Proximity and Accessibility on Real Property Values written by Arturo Bujanda and published by . This book was released on 2014 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Kihwan Seo
Publisher :
ISBN 13 :
Total Pages : 134 pages
Book Rating : 4.:/5 (958 download)
Download or read book Impacts of Transportation Investment on Real Property Values written by Kihwan Seo and published by . This book was released on 2016 with total page 134 pages. Available in PDF, EPUB and Kindle. Book excerpt: Transportation infrastructure in urban areas has significant impacts on socio-economic activities, land use, and real property values. This dissertation proposes a more comprehensive theory of the positive and negative relationships between property values and transportation investments that distinguishes different effects by mode (rail vs. road), by network component (nodes vs. links), and by distance from them. It hypothesizes that transportation investment generates improvement in accessibility that accrue only to the nodes such as highway exits and light rail stations. Simultaneously, it tests the hypothesis that both transport nodes and links emanate short-distance negative nuisance effects due to disamenities such as traffic and noise. It also tests the hypothesis that nodes of both modes generate a net effect combining accessibility and disamenities. For highways, the configuration at grade or above/below ground is also tested. In addition, this dissertation hypothesizes that the condition of road pavement may have an impact on residential property values adjacent to the road segments. As pavement condition improves, value of properties adjacent to a road are hypothesized to increase as well. A multiple-distance-bands approach is used to capture distance decay of amenities and disamenities from nodes and links; and pavement condition index (PCI) is used to test the relationship between road condition and residential property values. The hypotheses are tested using spatial hedonic models that are specific to each of residential and commercial property market. Results confirm that proximity to transport nodes are associated positively with both residential and commercial property values. As a function of distance from highway exits and light rail transit (LRT) stations, the distance-band coefficients form a conventional distance decay curve. However, contrary to our hypotheses, no net effect is evident. The accessibility effect for highway exits extends farther than for LRT stations in residential model as expected. The highway configuration effect on residential home values confirms that below-grade highways have relatively positive impacts on nearby houses compared to those at ground level or above. Lastly, results for the relationship between pavement condition and residential home values show that there is no significant effect between them.Some differences in the effect of infrastructure on property values emerge between residential and commercial markets. In the commercial models, the accessibility effect for highway exits extends less than for LRT stations. Though coefficients for short distances (within 300m) from highways and LRT links were expected to be negative in both residential and commercial models, only commercial models show a significant negative relationship. Different effects by mode, network component, and distance on commercial submarkets (i.e., industrial, office, retail and service properties) are tested as well and the results vary based on types of submarket.Consequently, findings of three individual paper confirm that transportation investments mostly have significant impacts on real-estate properties either in a positive or negative direction in accordance with the transport mode, network component, and distance, though effects for some conditions (e.g., proximity to links of highway and light rail, and pavement quality) do not significantly change home values. Results can be used for city authorities and planners for funding mechanisms of transport infrastructure or validity of investments as well as private developers for maximizing development profits or for locating developments.
Author : Linchuan Yang
Publisher : Springer Nature
ISBN 13 : 9811688338
Total Pages : 188 pages
Book Rating : 4.8/5 (116 download)
Download or read book Property Price Impacts of Environment-Friendly Transport Accessibility in Chinese Cities written by Linchuan Yang and published by Springer Nature. This book was released on 2022-01-11 with total page 188 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book seeks to shed light on the role of environment-friendly transport accessibility in determining property prices in Chinese cities. Many environment-friendly transport modes, including walking, metro, bus rapid transit (BRT), and bus are examined. Spatial econometric models, quantile regression models, and machine learning techniques are used. This book contributes to people's understanding of the relationship between environmental-friendly transport accessibility and property prices. Moreover, it is of value to policymakers, including (1) informing urban planners/designers to plan/design cities with an adequate level of environment-friendly transport accessibility; (2) offering an evidence-based approach to implementing value capture schemes for financing investments in urban infrastructure; and (3) providing the basis for mitigating the negative externality of proximity to the transit corridor, jointly constructing comprehensive hospitals and other compatible amenities, and so forth.
Author : Marius Thériault
Publisher : John Wiley & Sons
ISBN 13 : 1118601653
Total Pages : 350 pages
Book Rating : 4.1/5 (186 download)
Download or read book Modeling Urban Dynamics written by Marius Thériault and published by John Wiley & Sons. This book was released on 2013-02-04 with total page 350 pages. Available in PDF, EPUB and Kindle. Book excerpt: The field of Urban Dynamics itself is based on the systems engineering concept that all complex systems (and cities and urban areas are no exception) are comprised of independent and often smaller, more understandable sub-components with relationships to one another. This allows for the system as a whole to be modeled, using knowledge of the individual subsystems and their behaviors. In this instance, urban dynamics allows for the modeling and understanding of land use, the attractiveness of space to residents, and how the ageing and obsolescence of buildings affects planning and economic development, as well as population movements, with the urban landscape. The book adopts a trans-disciplinary approach that looks at the way residential mobility, commuting patterns, and travel behavior affect the urban form. It addresses a series of issues dealing with the accessibility of urban amenities, quality of life, and assessment of landscape residential choices, as well as measurement of external factors in the urban environment and their impact on property values.
Author : Amit Serusi
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (134 download)
Download or read book The Impact of Ride-Hailing Services on Real Estate Prices in Urban Districts written by Amit Serusi and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Throughout history, real estate prices and transportation accessibility have had a strong relationship (Debrezion et al., 2011; Rodriguez & Targa, 2004). One of the most common sayings in the real estate industry is "location, location, location", especially when it comes to choosing and valuing a property (Atack & Margo, 1998). One critical element in determining whether a property's location is ideal, is its accessibility to a variety of desired locations, such as center city regions (Czamanski, 1966). Accessibility is determined by convenience, specifically the time and cost of the commute to and from desired destinations whether by foot, self-owned cars, or traditional public transportation methods such as rapid rail, trains, and buses (Pivo & Fisher, 2011; John, 1996; Raymond & Love 2000; Bowes & Ihlanfeldt, 2001). Furthermore, proximity to public transportation increases accessibility, and as a result, properties near public transportation stations enjoy higher real estate prices (Grass, 1992; Agostini & Palmucci, 2008; Sharma & Newman, 2018; Cervero, 2006; Czamanski, 1966).While the use of traditional transportation methods is still widespread, over the last several years, there has been a shift and more people are relying on new transportation solutions (Sadowsky & Nelson, 2017; Dong, 2020), with one of the most popular being ride-hailing services (Clewlow & Mishra, 2017), such as companies like Uber and Lyft. These ride hailing services impact the usage of different public transportation methods (Clewlow & Mishra, 2017; Badar, 2020; Rayle et al., 2014; Dong, 2020; Sadowsky & Nelson, 2017) by providing a new, convenient, and affordable method of transport (Nguyen-Phuoc et al., 2020) without the need for proximity to public transportation stations. In an effort to expand on the current body of literature and based on previous studies that have shown the impact of a property's proximity to a rapid rail station on the property's price (Agostini & Palmucci, 2008; Grass, 1992), this study will explore the impact of ride-hailing services on real estate prices for properties located in different distance categories from a rapid rail station. Rapid rail also known as subway, metro railway, elevated railway, and rapid transit (American Public Transit Association, 1994; New York State Department of Transportation, n.d) includes all underground and elevated stations (Metropolitan Transportation Authority, n.d). The following hypothesis (H1) was formulated based on the existing literature and the relationships discussed above: Ride-hailing services will have a significant effect on real estate prices per square foot. To further explore the effect of ride-hailing services on real estate prices based on property location, this study examines the effect of ride hailing usage on prices of properties located in an immediate distance to rapid rail stations versus those that are located further away. Past studies have demonstrated that a desired accessible distance from public transportation is about 0.3 miles (Al-Mosaind et al., 1993; Olszewski and Wibowo, 2005; Hess et al., 2007; Daniels and Mulley, 2013). As mentioned above, ride-hailing services, as a new convenient, and affordable method of transport (Nguyen-Phuoc et al., 2020) provide an alternative to public transportation. Thus, the impact of ride-hailing services on public transportation usage (Clewlow & Mishra, 2017; Badar, 2020; Rayle et al., 2014; Dong, 2020; Sadowsky & Nelson, 2017), may in turn decrease the attractiveness of properties located in the immediate location of rapid rail stations and increase the attractiveness of properties located further away. One goal of this study was to explore this further by examining the relationship between ride-hailing services and real estate prices for properties located less than 0.3 miles versus those located greater than or equal to 0.3 miles from rapid rail stations and the following hypotheses were formulated: H1.a) Ride-hailing services will have a significant negative effect on real estate prices per square foot for properties located in a distance less than 0.3 miles from a rapid rail station; H1.b) Ride-hailing services will have a significant positive effect on real estate prices per square foot for properties located in a distance greater than or equal to 0.3 miles from a rapid rail station. Past studies have found a positive relationship between a property's proximity to a rapid rail station and a property's price (Agostini & Palmucci, 2008; Grass, 1992; Czamanski, 1966). While the first hypotheses in this study explore the relationship between ride-hailing services and real estate prices, the second hypothesis will examine the impact of a property's proximity to a rapid rail station on the relationship between ride-hailing services and real estate prices. Therefore, the second hypothesis (H2) suggests that a property's proximity to a rapid rail station will moderate the relationship between ride-hailing services and real estate prices per square foot. To explore the hypotheses above, this study uses an extensive data set of historic sales price records in New York City for each of the five boroughs (Manhattan, The Bronx, Brooklyn, Queens, Staten Island). The data set includes various variables per sales transaction including address, sales price, total square foot (SF), total units, borough, neighborhood, zip code, building classification, and sales transaction date. In order to determine the proximity of each of the properties to the nearest rapid rail station, the distance from a property's address to all 472 rapid rail stations in New York City was analyzed and the shortest distance to a rapid rail station was then used as an additional variable. In order to measure the level of usage of ride-hailing services in New York City during the sales transaction years, this study uses public data from New York City Open Data (2020), that shows the number of dispatched trips per month per ride hailing company between 2015 and 2019. To analyze the relationship between ride-hailing usage and property's sale price per SF, general linear model (GLM) analysis was conducted with total units as the control variable, and year of sale, building classification, borough, neighborhood, rapid rail station, and zip code as fixed effects for hypotheses H1, H1.a, H1.b, and H2. The main data set in this study which pertained to the five boroughs of New York City was used for the analyses of all hypotheses. To further support the findings in this study, two additional analyses were conducted. First, additional analyses of all hypotheses (H1, H1.a, H1.b, and H2) were examined using data from Queens alone, the largest borough in New York City. Second, in addition to the distance category of 0.3 miles, the distance category of 0.35 miles, was used to examine hypotheses H1.a, H1.b, and H2. As expected, a significant positive relationship between ride-hailing usage and property's sale price per SF was observed. The results in this study found that the usage of ride-hailing services positively contributed to an increase in real estate prices. Furthermore, in general, the study shows that an increase in property's distance from the nearest rapid rail station positively moderates the relationship between ride-hailing usage and real estate prices. These findings imply that ride-hailing services, as a new method of transportation accessibility, increase the attractiveness and ultimately the price of properties located further from rapid rail stations. In other words, ride-hailing services enable accessibility and negate the need to be located in the immediate area of a rapid rail station. The current transportation revolution may impact the real estate industry even more than the change observed in the 1950s, after the mass adoption of automobiles (CBRE, 2019). When considering all the recent transportation changes, it is likely that real estate location preference and urban real-estate design will be impacted. In other words, the relatively new "player" in the transportation industry, ride-hailing, will impact the traditional relationship between transportation accessibility and real estate prices, as suggested by the study. The results from this pioneering study provide valuable information to city and state authorities, financial institutions, real estate investors and developers, and home buyers.
Author : Chris Brooks
Publisher : Cambridge University Press
ISBN 13 : 1139487167
Total Pages : 474 pages
Book Rating : 4.1/5 (394 download)
Download or read book Real Estate Modelling and Forecasting written by Chris Brooks and published by Cambridge University Press. This book was released on 2010-04-15 with total page 474 pages. Available in PDF, EPUB and Kindle. Book excerpt: As real estate forms a significant part of the asset portfolios of most investors and lenders, it is crucial that analysts and institutions employ sound techniques for modelling and forecasting the performance of real estate assets. Assuming no prior knowledge of econometrics, this book introduces and explains a broad range of quantitative techniques that are relevant for the analysis of real estate data. It includes numerous detailed examples, giving readers the confidence they need to estimate and interpret their own models. Throughout, the book emphasises how various statistical techniques may be used for forecasting and shows how forecasts can be evaluated. Written by a highly experienced teacher of econometrics and a senior real estate professional, both of whom are widely known for their research, Real Estate Modelling and Forecasting is the first book to provide a practical introduction to the econometric analysis of real estate for students and practitioners.
Author : Rubén Cordera
Publisher : CRC Press
ISBN 13 : 1351361538
Total Pages : 220 pages
Book Rating : 4.3/5 (513 download)
Download or read book Land Use–Transport Interaction Models written by Rubén Cordera and published by CRC Press. This book was released on 2017-11-15 with total page 220 pages. Available in PDF, EPUB and Kindle. Book excerpt: Transport and the spatial location of population and activities have been important themes of study in engineering, social sciences and urban and regional planning for many decades. However, an integrated approach to the modelling of transport and land use has been rarely made, and common practice has been to model both phenomena independently. This book presents an introduction to the modelling of land use and transport interaction (LUTI), with a theoretical basis and a presentation of the broad state of the art. It also sets out the steps for building an operational LUTI model to provide a concrete application. The authors bring extensive experience in this cross-disciplinary field, primarily for an academic audience and for professionals seeking a thorough introduction.
Author : Carey Curtis
Publisher : Edward Elgar Publishing
ISBN 13 : 1789900476
Total Pages : 512 pages
Book Rating : 4.7/5 (899 download)
Download or read book Handbook of Sustainable Transport written by Carey Curtis and published by Edward Elgar Publishing. This book was released on 2020-12-25 with total page 512 pages. Available in PDF, EPUB and Kindle. Book excerpt: Exploring the need for a sustainable transport paradigm, which has been sought after by local and national authorities internationally over the last 30 years, this illuminating and timely Handbook offers insights into how this can be secured more broadly and what it may involve, as well as the challenges that the sustainable transport approach faces. The Handbook offers readers a holistic understanding of the paradigm by drawing on a wide range of research and relevant case studies that showcase where the principles of sustainable transport have been implemented.
Author : Corinne Mulley
Publisher : Taylor & Francis
ISBN 13 : 1000367045
Total Pages : 631 pages
Book Rating : 4.0/5 (3 download)
Download or read book The Routledge Handbook of Public Transport written by Corinne Mulley and published by Taylor & Francis. This book was released on 2021-05-12 with total page 631 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Routledge Handbook of Public Transport is a reference work of chapters providing in-depth examination of the current issues and future developments facing public transport. Chapters in this book are dedicated to specific key topics, identifying the challenges therein and pointing to emerging areas of research and concern. The content is written by an international group of expert contributors and is enhanced through contributions from practitioners to deliver a broader perspective. The Handbook deals with public transport policy context, modal settings, public transport environment, public transport delivery issues, smart card data for planning and the future of public transport. This comprehensive reference work will be a vital source for academics, researchers and transport practitioners in public transport management, transport policy and transport planning.
Author : Aliyu Ahmad Aliyu
Publisher :
ISBN 13 :
Total Pages : 20 pages
Book Rating : 4.:/5 (13 download)
Download or read book Analysis of Current Empirical Studies on Transport Value-Added Effect and Proximate Housing Price Capture written by Aliyu Ahmad Aliyu and published by . This book was released on 2019 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt: Transport infrastructure is paraphernalia that helps in curtailing urban sprawl in municipal cities and it also lessens traffic overcrowding and air effluence. It equally promotes high-density development in addition to more affordable accommodation all over developed countries. This article reviews and evaluates the range of study outcomes established by the emerging frontier of knowledge delving on the capitalization effects of transport-oriented development on real estate prices. The effect of transport system services on accommodation price has been investigated from numerous viewpoints employing several rigorous statistical tools. Based on the findings of the existing literature, there are two broad kinds of impacts that closeness to a transport system can have on the value of housing accommodations: accessibility benefits (experienced in close proximity to transit services) might increase housing values, while nuisance qualities (experienced in transit-oriented facilities) could equally have a negative outcome on apartment prices. Owing to the contradictory nature of these simultaneous effects, findings from numerous empirical investigations have been opposing or open to debate. The reviewed empirical studies provide policymakers with new-fangled empirical evidence as well as analytical tools to re-examine value capture as a financing option and to transform, modify, improve, reorganize and restructure investment strategies or opportunities for rail transit services. Property development and construction companies may perhaps be able to make a decision on where to erect real estate for profit maximization and sales. Transportation planning and urban development authorities, conversely, might be able to obtain and distribute tax income based on the ease of access benefit and nuisance effects.
Author : Karst T. Geurs
Publisher : Edward Elgar Publishing
ISBN 13 : 1781000115
Total Pages : 321 pages
Book Rating : 4.7/5 (81 download)
Download or read book Accessibility Analysis and Transport Planning written by Karst T. Geurs and published by Edward Elgar Publishing. This book was released on 2012-01-01 with total page 321 pages. Available in PDF, EPUB and Kindle. Book excerpt: Accessibility is a concept central to integrated transport and land use planning. The goal of improving accessibility Ð for all modes, for all people Ð has made its way into mainstream transport policy and planning in communities worldwide. This unique book introduces new accessibility approaches to transport planning across Europe and the United States. The expert contributors present advanced interdisciplinary approaches in accessibility research and modelling with best practices in accessibility planning and evaluation, to better support integrated transport and land-use policy-making. This book will prove an absorbing read for scholars, researchers and students working on accessibility issues across different academic fields including transport geography, spatial economics and social science. Transport and urban planners will also find the book to be an invaluable reference tool.
Author : R. Hickman
Publisher : Edward Elgar Publishing
ISBN 13 : 085793726X
Total Pages : 724 pages
Book Rating : 4.8/5 (579 download)
Download or read book International Handbook on Transport and Development written by R. Hickman and published by Edward Elgar Publishing. This book was released on 2015-08-28 with total page 724 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the last forty years or so the research field exploring the relationship and interaction between transport and development has developed rapidly. While sophistication in analysis has increased, understanding the effective integration of transport and development often remains poor in theory and in practice - with sometimes devastating effects. This Handbookprovides a comprehensive analysis of both the current and emerging thinking in this field, drawing on multidisciplinary thinking in transport planning, transport, urban and spatial economics, and the wider social sciences. With 45 chapters from leading international authors, the book is organised around three main themes: - urban structure and travel - transport and spatial impacts - wider dimensions in transport and development. The chapters each present commentary on key issues within these themes, presenting the debate on the impacts of urban structure on travel, the impacts of transport investment on development, and social and cultural change on travel. A multitude of competing inter-disciplinary perspectives are considered - leaving the reader with an invaluably comprehensive and critical understanding of the field. This major Handbookwill serve as a guide for undergraduates and graduate students, researchers, consultants, and also practitioners and policy makers, wishing to find a comprehensive and original reference to research on transport and development. Contributors: J.A. Annema, F. Avelino, D. Banister, D. Bonilla, F. Bruinsma, C.C. Cantarelli, X. (Jason) Cao, C.-L. Chen, G. Cohen-Blankshtain, C. Curtis, G. Dane, J. Dodson, A. Donald, R. Dowling, M. Echenique, A. El-Geneidy, R. Ewing, E. Feitelson, B. Flyvbjerg, N. Garrick, H. Geerlings, K. Geurs, M. Givoni, A.R. Goetz, P. Gordon, A. Grigolon, D. Halden, P. Hall, I. Hamiduddin, S. Handy, P. Headicar, D.A. Hensher, D. Hidalgo, R. Hickman, R. Hjorthol, M. Hillman, E. Holden, T. Holvad, H. Holzapfel, M. Iacono, O.B. Jensen, P. Jones, J. Kenworthy, S. Kenyon, C.A. Klöckner, K.J. Krizek, B. Lee, S. Leleur, D. Levinson, T. Li, Z. Li, K. Linnerud, S. Marshall, W. Marshall, E. Matthies, L. Meija Dorantes, R. Meyfahrt, P. Mokhtarian, J.C. Muñoz, P. Naess, P. Newman, S. Nordbakke, S. Petheram, S. Rasouli, P. Rietveld, O. Rotem-Mindali, T. Schwanen, N. Sipe, D. Stead, P. Stoker, G. Stokes, H. Timmermans, B. Van Wee, R. Wilson, D. Yang
Author : Ahoura Zandiatashbar
Publisher :
ISBN 13 :
Total Pages : 153 pages
Book Rating : 4.:/5 (132 download)
Download or read book Transit, Walkability, and Economic Development in the 21st Century written by Ahoura Zandiatashbar and published by . This book was released on 2019 with total page 153 pages. Available in PDF, EPUB and Kindle. Book excerpt: The economy in the 21st century has expanded the depth of creativity, speed, and flexibility in production, high-tech industry, and innovation. Hence, the new economic norm and high dependency on innovation and creativity require educated, talented, and specialized human capital, as well as proximity to research centers and universities. Furthermore, this new knowledge economy has also favored urban spaces that support spontaneous face-to-face encounters and knowledge exchange while appealing to the talented human capital. Besides these specific urban spaces, the transportation infrastructures could have a principle role in the new economy whether through fostering local, regional, or global accessibility to the talent, labor and customer markets, or for logistics purposes. While these economic impacts of transportation infrastructures and urban space are principal in the policy developments, they are less explored via quantitative analyses.Historically, the economic outcomes of transportation systems gained attention in location theories, which provide the foundational framework for thinking about locational behavior of businesses with respect to their accessibility demands. While ample empirical studies addressed classical location theories and the traditional economy, there is a lack of empirical studies, with respect to the knowledge economy. Particularly, with respect to transit and walking amenities, the existing empirical literature lacks enough attempts that look beyond real estate premiums and focus on other economic outcomes, such as employment, innovation productivity, or business performance, particularly in a knowledge and creative economy. Despite this gap in the empirical literature, theoretical attempts confer the dynamics through which such impacts can be unleashed. For instance, knowledge-based, creative, or high-tech businesses are theorized to concentrate at the top of the urban hierarchy being the most accessible neighborhoods and cities. Therefore, location decisions of such businesses would depend on proximity to major transportation hubs, such as regional airports, railways, or transit stations. While roadway networks could provide regional accessibility to employment sub-centers and long-distance freight mobility for high-volume manufacturing productions, transit and walking amenities could better benefit knowledge-based and creative industries. Additionally, Transit-Oriented Developments (TODs)---as compact neighborhoods centered on transit stations with an efficient level of land use diversity, density, street connectivity, and walkability--likely play a key role in agglomeration dynamics and, hence, can lead to an increase in economic productivity. These built attributes can spur many agglomeration externalities-such as knowledge exchange, access to thick and specialized labor pools, and suppliers-there exists uncertainty between policy makers, business owners, investors, and developers about the positive impact of transit and walking amenities. Despite existing theoretical studies, there still exist multiple gaps in the literature. First, it is still unclear whether the above-mentioned dynamics have the same impact for knowledge-based firms, particularly with respect to tech sectoral differences. Second, there remains less than conclusive evidence tying place-based characteristics of TODs with creative and knowledge-based firm productivity. The investors, business owners, and policy makers are cautious to invest in TODs due to extensive existing literature that shows that increased property values in tandem with institutional and financial barriers impede TOD developments. Hence, a major contribution to the literature, decisions and policies about infrastructures is to provide further empirical insights about the location behaviors of knowledge and creative economy businesses; however, these categories include a broader list of industrial sectors with potential differences. Therefore, another gap in the literature has to do with the role of high-tech sectoral differences on transportation infrastructure needs. Studies on the accessibility needs of high-tech firms tends to draw on assumptions emerging out of agglomeration and placemaking frameworks and emphasize the expansion of transit services and enhancing walkability. However, industries impacted by the new logistic revolution, land values, easy access to the global e-economy, and the rise of online workers could prefer stronger highway systems. To address this gap, there is a need for more in-depth analyses of firm location behavior in different industrial sub-categories of knowledge economy. In this dissertation, I address these gaps in three essays. In the first essay, the analysis uncovers the mechanism and the extent to which transit and walkability play role in a knowledge economy. The results from the second essay demonstrate whether the knowledge-based and creative firms in TODs have higher productivity. Lastly, the third essay identifies the location of specialized high-tech zones in the U.S., their sectoral typologies and examining the location behavior of different high-tech specializations with respect to transit and walkability in these zones. By including more than five different analyses and the indicators for four modes of transportation, this dissertation aims to cover a diverse range of critical questions about the knowledge-based economic implications of transportation infrastructures. Additionally, using the address-level datasets on the location of knowledge-based and creative businesses, as well as innovations in the U.S., contributes to the validity of my results by increasing the sample size. Drawing upon disaggregated national datasets, this dissertation stands among the first attempts to provide empirical insights at the national level. The results of this dissertation will benefit a diverse audience, including members of academia and the policy development arena, as well as developers, business owners, and stakeholders. My results uncover diverse impacts of transit and walking amenities in the new economy. First, I found that transit service quality and walkability contribute to a robust local knowledge economy through knowledge-based firms and the creative class, but they have an adverse relationship to the innovation production of STEM small firms. Additionally, I found that the knowledge and creative economy firms located in dense, mixed use, and walkable TODs with higher levels of activity experience 2.5 times increased sales on average. Lastly, when it comes to break down of high-tech industries to its subcategories, my results partially support the dominant narrative regarding the preference of knowledge-based industries for dense, walkable, mixed use, transit accessible areas. For instance, I found large numbers of high-tech firms in the IT and aerospace industries still attracted to peripheral, auto-centric spaces, which are at odds with sustainable transportation policies. While in general I found that transit and walking amenities have a critical role in the new economy, policy developments they need to take consideration of the findings from this dissertation. For instance, I found that walkability and transit access could increase property values, and these features might make locations unaffordable for small innovative firms. Hence, findings on the impacts of walkability and transit access on innovation productivity in vulnerable small firms call for attention to equity aspects of innovation-supportive urban developments. Nevertheless, considering the findings on the increased productivity of the knowledge and creative economy firms in TODs, in the knowledge-based urban development policies TOD and knowledge-based economic development strategies should be planned in tandem in order to maximize outcomes. While seeking growth through attracting high-tech firms has emerged as a common trend among local policy leaders, they may want to revisit their growth strategies with respect to my finding about the different accessibility needs of high-tech industries to not only succeed in growing their knowledge economy, but also to secure sustainability goals.
Author : Loretta Lees
Publisher : Routledge
ISBN 13 : 1135930252
Total Pages : 339 pages
Book Rating : 4.1/5 (359 download)
Download or read book Gentrification written by Loretta Lees and published by Routledge. This book was released on 2013-10-18 with total page 339 pages. Available in PDF, EPUB and Kindle. Book excerpt: This first textbook on the topic of gentrification is written for upper-level undergraduates in geography, sociology, and planning. The gentrification of urban areas has accelerated across the globe to become a central engine of urban development, and it is a topic that has attracted a great deal of interest in both academia and the popular press. Gentrification presents major theoretical ideas and concepts with case studies, and summaries of the ideas in the book as well as offering ideas for future research.
Author : OECD
Publisher : OECD Publishing
ISBN 13 : 9264193529
Total Pages : 153 pages
Book Rating : 4.2/5 (641 download)
Download or read book Impact of Transport Infrastructure Investment on Regional Development written by OECD and published by OECD Publishing. This book was released on 2002-05-23 with total page 153 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report describes evaluation methods for transport infrastructure investments to ensure that scarce resources are allocated in a way that maximises their net return to society.
Author : William Huang
Publisher :
ISBN 13 :
Total Pages : 42 pages
Book Rating : 4.3/5 (555 download)
Download or read book The Effects of Transportation Infrastructure on Nearby Property Values written by William Huang and published by . This book was released on 1994 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :
Publisher : Elsevier
ISBN 13 : 0081026722
Total Pages : 4418 pages
Book Rating : 4.0/5 (81 download)
Download or read book International Encyclopedia of Transportation written by and published by Elsevier. This book was released on 2021-05-13 with total page 4418 pages. Available in PDF, EPUB and Kindle. Book excerpt: In an increasingly globalised world, despite reductions in costs and time, transportation has become even more important as a facilitator of economic and human interaction; this is reflected in technical advances in transportation systems, increasing interest in how transportation interacts with society and the need to provide novel approaches to understanding its impacts. This has become particularly acute with the impact that Covid-19 has had on transportation across the world, at local, national and international levels. Encyclopedia of Transportation, Seven Volume Set - containing almost 600 articles - brings a cross-cutting and integrated approach to all aspects of transportation from a variety of interdisciplinary fields including engineering, operations research, economics, geography and sociology in order to understand the changes taking place. Emphasising the interaction between these different aspects of research, it offers new solutions to modern-day problems related to transportation. Each of its nine sections is based around familiar themes, but brings together the views of experts from different disciplinary perspectives. Each section is edited by a subject expert who has commissioned articles from a range of authors representing different disciplines, different parts of the world and different social perspectives. The nine sections are structured around the following themes: Transport Modes; Freight Transport and Logistics; Transport Safety and Security; Transport Economics; Traffic Management; Transport Modelling and Data Management; Transport Policy and Planning; Transport Psychology; Sustainability and Health Issues in Transportation. Some articles provide a technical introduction to a topic whilst others provide a bridge between topics or a more future-oriented view of new research areas or challenges. The end result is a reference work that offers researchers and practitioners new approaches, new ways of thinking and novel solutions to problems. All-encompassing and expertly authored, this outstanding reference work will be essential reading for all students and researchers interested in transportation and its global impact in what is a very uncertain world. Provides a forward looking and integrated approach to transportation Updated with future technological impacts, such as self-driving vehicles, cyber-physical systems and big data analytics Includes comprehensive coverage Presents a worldwide approach, including sets of comparative studies and applications
