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Rail mega-projects in the realm of inter- and intra-city accessibility: evidence and outlooks for Berlin

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  • Gabriel M. Ahlfeldt

Abstract

This article summarizes and complements recent quantitative research on the impact of the Berlin railway system on the urban economy. Evidence suggests that access to intra-city rail lines has had a considerable impact on the value of urban land since at least the late nineteenth century. Since then, access to the intra-city rail network has remained a significant determinant of urban land value, although the marginal impact has decreased over time. In contrast, the post-unification realignment of Berlin's inter-city rail system has had, if any, only a weak impact on real estate markets. Micro-level simulations indicate that the new central station's connection to the urban railway network is likely to have more pronounced, although relatively localized impacts, raising the question of how to balance the cost for infrastructure among landlords and society.

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File URL: http://eprints.lse.ac.uk/43493/
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Bibliographic Info

Paper provided by London School of Economics and Political Science, LSE Library in its series LSE Research Online Documents on Economics with number 43493.

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Date of creation: Mar 2012
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Publication status: Published in Built Environment, March, 2012, 38(1), pp. 71-88. ISSN: 0263-7960
Handle: RePEc:ehl:lserod:43493

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  1. Gabriel M. Ahlfeldt & Arne Feddersen, 2010. "From periphery to core: economic adjustments to high speed rail," Working Papers 2010/38, Institut d'Economia de Barcelona (IEB).
  2. Steve Gibbons & Stephen Machin, 2004. "Valuing Rail Access Using Transport Innovations," CEP Discussion Papers dp0611, Centre for Economic Performance, LSE.
  3. Gabriel M. Ahlfeldt & Nicolai Wendland, 2009. "Looming stations: valuing transport innovations in historical context," LSE Research Online Documents on Economics 25514, London School of Economics and Political Science, LSE Library.
  4. Coffman, Chad & Gregson, Mary Eschelbach, 1998. "Railroad Development and Land Value," The Journal of Real Estate Finance and Economics, Springer, vol. 16(2), pages 191-204, March.
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