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Capitalización Heterogénea de un Bien Semipúblico: El Metro de Santiago

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Author Info
Claudio Agostini () (ILADES-Georgetown University, Universidad Alberto Hurtado)
Gastón Palmucci () (Tribunal de Defensa de la Libre Competencia (Chile))

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Abstract

Este trabajo utiliza una base de datos única para estudiar la valorización del entorno que genera el metro de Santiago en el precio de las viviendas. Utilizando una metodología que combina regresiones hedónicas con la estimación de estimadores de diferencia simple, se estima el grado de capitalización del acceso a la red de metro en el precio de los departamentos y se investigan las diferencias por línea de servicio, en el grado de capitalización en el precio de los departamentos para una comuna particular. Los resultados muestran un efecto importante de capitalización para las líneas del metro de Santiago. Los departamentos localizados en el área de influencia del metro presentan un mayor valor promedio de 8,84%, 27,16% y 6,72% para las Líneas 1, 2 y 5 respectivamente. Adicionalmente, los resultados muestran que la distribución del grado de capitalización al interior de una comuna no es uniforme, sino que depende de dos características: la distancia a la estación y la línea de metro que provee el servicio. Es así que en la comuna de Providencia las viviendas dentro del área de influencia de la Línea 1 y 5 presentan un mayor valor del orden de 12,2% y 4,1% respectivamente, mientras que en la comuna de Santiago las viviendas localizadas dentro del área de influencia de las Líneas 1, 2 y 5 del metro presentan un mayor valor del orden de 16,9%, 10,2% y 11,6% respectivamente.

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Paper provided by Ilades-Georgetown University, School of Economics and Bussines in its series ILADES-Georgetown University Working Papers with number inv175.

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Length: 30 pages
Date of creation: Sep 2006
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Handle: RePEc:ila:ilades:inv175

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Related research
Keywords: Metro; Valor Departamentos; Capitalización Diferenciada;

Other versions of this item:

Find related papers by JEL classification:
H54 - Public Economics - - National Government Expenditures and Related Policies - - - Infrastructures
R21 - Urban, Rural, and Regional Economics - - Household Analysis - - - Housing Demand
R53 - Urban, Rural, and Regional Economics - - Regional Government Analysis - - - Public Facility Location Analysis; Public Investment and Capital Stock

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  5. Hamilton, Bruce W, 1976. "Capitalization of Intrajurisdictional Differences in Local Tax Prices," American Economic Review, American Economic Association, vol. 66(5), pages 743-53, December. [Downloadable!] (restricted)
  6. Bowes, David R. & Ihlanfeldt, Keith R., 2001. "Identifying the Impacts of Rail Transit Stations on Residential Property Values," Journal of Urban Economics, Elsevier, vol. 50(1), pages 1-25, July. [Downloadable!] (restricted)
  7. Gyourko, Joseph & Tracy, Joseph, 1991. "The Structure of Local Public Finance and the Quality of Life," Journal of Political Economy, University of Chicago Press, vol. 99(4), pages 774-806, August. [Downloadable!] (restricted)
  8. Heckman, James J & Ichimura, Hidehiko & Todd, Petra E, 1997. "Matching as an Econometric Evaluation Estimator: Evidence from Evaluating a Job Training Programme," Review of Economic Studies, Blackwell Publishing, vol. 64(4), pages 605-54, October. [Downloadable!] (restricted)
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  11. Roback, Jennifer, 1982. "Wages, Rents, and the Quality of Life," Journal of Political Economy, University of Chicago Press, vol. 90(6), pages 1257-78, December. [Downloadable!] (restricted)
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