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A methodological proposal to estimate changes of residential property value: case study developed in Bogota


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  • Jorge Perdomo


This article is an empirical study of residential land values in the vicinity of the TransMilenio system (Bus Rapid Transit, BRT) in Bogota (Colombia). The results have been established through impact evaluation by means of nonparameteric approaches (Propensity Score Matching, PSM) and econometric approaches (Spatial Hedonic Price, SHP) indicating that access to the BRT system generates benefits on the change of property value.

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Bibliographic Info

Article provided by Taylor & Francis Journals in its journal Applied Economics Letters.

Volume (Year): 18 (2011)
Issue (Month): 16 ()
Pages: 1577-1581

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Handle: RePEc:taf:apeclt:v:18:y:2011:i:16:p:1577-1581

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Keywords: TransMilenio; Bogota; impact evaluation; propensity score matching; spatial hedonic price; change of property value;


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Cited by:
  1. Jorge Andrés Perdomo Calvo & Mariana Rubio, 2012. "Regulación económica para la tarifa de parqueaderos en Bogotá mediante precios máximos," REVISTA CUADERNOS DE ECONOMÍA, UN - RCE - CID.
  2. Jorge Perdomo & Juan Ramírez, 2011. "Economic Analysis about the Solid Waste Quantities and Optimal Hauling Distance to Install Transfer Stations in Colombia," Lecturas de Economía, Universidad de Antioquia, Departamento de Economía, issue 75, pages 143-162.


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