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dc.contributor.authorAhn, Kwangwon
dc.contributor.authorJang, Hanwool
dc.contributor.authorSong, Yena
dc.date.accessioned2021-12-07T22:46:42Z
dc.date.available2021-12-07T22:46:42Z
dc.date.issued2020en_AU
dc.identifier.urihttps://hdl.handle.net/2123/27145
dc.description.abstractSubway networks are often developed in densely populated metropolitan areas that have enough potential passengers to merit their operation. Once a network has been constructed, it provides mobility to passengers and improves local accessibility to various destinations, thereby having economic, social, and public health impacts. This study aims to examine the economic impacts of subway networks in metropolitan areas among the various, wide-ranging effects of provision of transit networks. The association between actual transaction prices of condominiums and accessibility to subway networks in four metropolitan areas in South Korea is examined. Condominiums make up the dominant housing type in South Korea, so they provide a valid proxy for housing prices. In the modeling process, factors known to have a close relationship with housing prices are integrated along with the accessibility of subway networks, and spatially lagged models are utilized to effectively deal with the spatial patterns. The results of this research show that the expected positive effects of transit accessibility exist in the majority of cases in metropolitan areas, though one metropolis was an exception. These findings enhance our understanding of the economic effects of public transit systems in relatively small metropolitan areas with less complex subway systems.en_AU
dc.publisherInstitute of Transport and Logistics Studies (ITLS)en_AU
dc.rightsCreative Commons Attribution-NonCommercial-NoDerivatives 4.0en_AU
dc.subjectSubwayen_AU
dc.subjectAccessibilityen_AU
dc.subjectEconomic impacten_AU
dc.subjectCondominium transaction priceen_AU
dc.subjectMetropolitan areaen_AU
dc.titleEconomic impacts of being close to subway networks: A case study of Korean metropolitan areasen_AU
dc.typeConference paperen_AU
dc.identifier.doi10.1016/j.retrec.2020.100900
usyd.facultySeS faculties schools::The University of Sydney Business School::Institute of Transport and Logistics Studies (ITLS)en_AU
workflow.metadata.onlyNoen_AU


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