Influencing factors of differences in land premiums of urban rail transit:A meta-analysis regression perspective
Under the strategy of accelerating the effort to build China into a country with a strong transport industry,local governments have actively carried out urban rail transit construction and promoted transit-oriented development(TOD)within the transit-serving areas,which has gradually generated significant social and economic effects.Indeed,urban China has issued a series of national or regional planning outlines and policies to promote the high-quality development of urban rail transit infrastructure and the associated land-use planning.Currently,to what extent urban rail transit can produce a land premium effect still remains controversial,which is significantly affected by contextual factors and research design.For the differentiation results of the premium effect in urban rail transit,a sample of 298 observations from 44 published journal articles was investigated by using a meta-analysis regression approach,and the influencing factors of differentiation results were discussed from two aspects:contextual factors and research design.The results of the meta-analysis regressions would be helpful to promote both economic development and social equity.The findings show that:(1)Urban rail transit can produce a certain land premium effect based on the transport mode substitution and land development evolution effects,but the rail transit premium effect presents significantly differentiated results based on different contextual factors and research design.(2)Contextual factors such as assessment objectives,rail transit maturity,and accessibility features are major factors influencing rail transit and land premium connections;different methodologies adopted will also influence rail transit premium evaluation results.Compared to the hedonic pricing model,the premium impact evaluated by the multi-period price change and local linear regression methods presents a higher result,while the difference-in-difference model has a lower result.(3)The premium effect of rail transit has dynamic complexity.Concerning the economic and social impact of urban rail transit,mechanisms such as land value capture can be constructed to promote the sustainability,equality,and accessibility of rail transit services.
万方数据
