Abstract:Rail transit is an important part of urban public transport system, its planning and construction have a strong positive externality to residential prices. By investigating a large number of related literature, this paper introduces Hedonic price method and the spatial econometric method using the characteristic price theory. It divides all the rail transit routes into three phases according to their construction status, and collects 2 393 residential buildings samples in Hangzhou. It then analyze empirically the spatial effect of rail transit on the surrounding residential price. Corresponding analytical index system has been constructed and the spatial error model is selected for regression analysis. The results show that: (1) The index system constructed has a good interpretation ability for residential prices in Hangzhou through the spatial error model; (2) The spatial effects of subway lines and stations at different construction stages are significantly different; (3) The spatial effects of subway stations on residential prices are various in different intervals; (4) The impact of opened rail transit stations on residential prices within Hangzhou is more remarkable within the range of 1 000~1 500 m.
冯友建, 陈天一. 基于SEM模型的轨道交通对住宅价格的空间效应——以杭州市为例[J]. 浙江大学学报(理学版), 2020, 47(1): 115-122.
FENG Youjian, CHEN Tianyi. The spatial effect of rail transit on residential prices based on SEM model: A case study of Hangzhou. Journal of ZheJIang University(Science Edition), 2020, 47(1): 115-122.
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