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Una propuesta metodológica para estimar los cambios sobre el valor de la propiedad: estudio de caso para Bogotá aplicando Propensity Score Matching y Precios Hedónicos Espaciales
[A Propensity Score Matching and Spatial Hedonic Prices Approach for Estimating Property Value Fluctuations in Bogotá]

Author

Listed:
  • Jorge Andres, Perdomo Calvo
  • Jorge Andres, Perdomo Calvo

Abstract

The aim of this study is to analyze and compare the results from Propensity Score Matching (PSM) and Spatial Hedonic Prices (SHP) methodologies estimating value fluctuations on residential proprieties in Bogotá (Colombia). Specifically, this study examines value fluctuations on residential properties nearby stations of the Bus Rapid Transit (BRT) system—Transmilenio—. The PSM and SHP approaches suggest additional value increases for residential properties close to BRT stations.

Suggested Citation

  • Jorge Andres, Perdomo Calvo & Jorge Andres, Perdomo Calvo, 2010. "Una propuesta metodológica para estimar los cambios sobre el valor de la propiedad: estudio de caso para Bogotá aplicando Propensity Score Matching y Precios Hedónicos Espaciales
    [A Propensity Scor    ," MPRA Paper 37178, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:37178
    as

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    File URL: https://mpra.ub.uni-muenchen.de/37178/1/MPRA_paper_37178.pdf
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    References listed on IDEAS

    as
    1. Juan Carlos Mendieta & Jorge Andrés Perdomo, 2007. "Especificación y estimación de un modelo de precios hedónico espacial para evaluar el impacto de Transmilenio sobre el valor de la propiedad en Bogotá," DOCUMENTOS CEDE 004280, UNIVERSIDAD DE LOS ANDES-CEDE.
    2. Jorge Andrés Perdomo Calvo & Hasbleidy Castañeda & Juan Carlo Mendieta, 2010. "Evaluación de impacto de las fases I y II del sistema de transporte masivo TransMilenio sobre el tiempo total de desplazamiento de los usuarios del tr," DOCUMENTOS CEDE 006884, UNIVERSIDAD DE LOS ANDES-CEDE.
    3. Ramon Antonio, Rosales Alvarez & Jorge Andres, Perdomo Calvo & Carlos Andres, Morales Torrado & Jaime Alejandro, Urrego Mondragon, 2009. "Fundamentos de econometría intermedia: Teoría y aplicaciones
      [Intermediate economics: Theory and applications]      ," MPRA Paper 37183, University Library of Munich, Germany.
    4. Rosen, Sherwin, 1974. "Hedonic Prices and Implicit Markets: Product Differentiation in Pure Competition," Journal of Political Economy, University of Chicago Press, vol. 82(1), pages 34-55, Jan.-Feb..
    5. H. William Batt, 2001. "Value Capture as a Policy Tool in Transportation Economics: An Exploration in Public Finance in the Tradition of Henry George," American Journal of Economics and Sociology, Wiley Blackwell, vol. 60(1), pages 195-228, January.
    6. Daniel P. McMillen & John F. McDonald, 2002. "Land Values In A Newly Zoned City," The Review of Economics and Statistics, MIT Press, vol. 84(1), pages 62-72, February.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Impact evaluation; Propensity Score Matching; Spatial Hedonic Prices; property value fluctuations; TransMilenio;

    JEL classification:

    • C52 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Evaluation, Validation, and Selection
    • L92 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Railroads and Other Surface Transportation
    • C14 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Semiparametric and Nonparametric Methods: General
    • C25 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Discrete Regression and Qualitative Choice Models; Discrete Regressors; Proportions; Probabilities
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes

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