Highlights Examining the impact of HSRon housing prices in Chinese cities. The Social Network Analysis approach is employed to measure the accessibility. Considering the asymmetric effects among different regions and property types. Providing evidence for a causal effect of HSR on housing prices.

    Abstract Applying the social network analysis (SNA) approach, this paper investigates the impact of high-speed rail (HSR) on urban housing prices from the perspective of network accessibility. Based on a sample of 285 cities in China over 2009–2017, we find a positive effect of HSR network accessibility on urban housing prices. An increase in HSR network accessibility (i.e., degree point or closeness centrality) by one standard deviation causes about a 10.3% increase in average housing prices. Evidence also suggests that this effect varies across regions and housing types. Our results are robust to different model specifications and alternative measures of HSR accessibility. The findings offer insights into the space–time economic laws with important policy implications regarding spatial disparities and regional economic convergence in China.


    Access

    Check access

    Check availability in my library

    Order at Subito €


    Export, share and cite



    Title :

    The impact of high-speed railway on urban housing prices in China: A network accessibility perspective


    Contributors:
    Liu, Xueli (author) / Jiang, Chunxia (author) / Wang, Feng (author) / Yao, Shujie (author)


    Publication date :

    2021-08-09


    Size :

    16 pages




    Type of media :

    Article (Journal)


    Type of material :

    Electronic Resource


    Language :

    English




    Effects From Expanding High-Speed Railway Network on Regional Accessibility and Economic Productivity in China

    Fan, Jing / Kato, Hironori / Yang, Zhongzhong et al. | Transportation Research Record | 2021


    Optimization of High-Speed Railway Network Based on Accessibility of Stations

    Chen, Jinqu / Liu, Jie / Zhang, Wenli et al. | TIBKAT | 2020




    Impacts of high speed rail on railroad network accessibility in China

    Shaw, Shih-Lung / Fang, Zhixiang / Lu, Shiwei et al. | Elsevier | 2014