Local housing market and transportation improvements: The case of cul de sac and extremely remote localities
In this paper, I examine the relationship between housing prices and transport improvements in case of tunnel in a locality in an extremely remote area of Iceland - a village far north called Siglufjörður. It have been documented that transportation improvements tend to influence housing prices, due...
Main Author: | |
---|---|
Format: | Conference Object |
Language: | English |
Published: |
Louvain-la-Neuve: European Regional Science Association (ERSA)
2010
|
Subjects: | |
Online Access: | http://hdl.handle.net/10419/118777 |
id |
ftzbwkiel:oai:econstor.eu:10419/118777 |
---|---|
record_format |
openpolar |
spelling |
ftzbwkiel:oai:econstor.eu:10419/118777 2024-01-28T10:06:36+01:00 Local housing market and transportation improvements: The case of cul de sac and extremely remote localities Karlsson, Vifill 2010 http://hdl.handle.net/10419/118777 eng eng Louvain-la-Neuve: European Regional Science Association (ERSA) Series: 50th Congress of the European Regional Science Association: "Sustainable Regional Growth and Development in the Creative Knowledge Economy", 19-23 August 2010, Jönköping, Sweden gbv-ppn:1776157273 http://hdl.handle.net/10419/118777 RePEc:wiw:wiwrsa:ERSA10p48 http://www.econstor.eu/dspace/Nutzungsbedingungen ddc:330 R40 R21 R41 C23 Housing prices Transportation improvements Distance gradient Local doc-type:conferenceObject 2010 ftzbwkiel 2024-01-01T00:45:07Z In this paper, I examine the relationship between housing prices and transport improvements in case of tunnel in a locality in an extremely remote area of Iceland - a village far north called Siglufjörður. It have been documented that transportation improvements tend to influence housing prices, due to the general consumer preference for access over amenity value. I will examine whether this relationship holds in case of cul de sac in an extremely remote community in Iceland. A macro panel data set from Iceland will be used. It provides several essential variables for 79 municipalities in Iceland from 1981 through 2006. The results suggest that the impact is negligible against housing prices in this case. Further inspection shows that the price is sticky in the most relevant region, but the quantity is flexible. Thus, the estimation of the model will be repeated as an inverse demand function, where the housing price as exogene variable is replaced by sales quantity. Conference Object Iceland Siglufjörður EconStor (German National Library of Economics, ZBW) Siglufjörður ENVELOPE(-18.908,-18.908,66.152,66.152) |
institution |
Open Polar |
collection |
EconStor (German National Library of Economics, ZBW) |
op_collection_id |
ftzbwkiel |
language |
English |
topic |
ddc:330 R40 R21 R41 C23 Housing prices Transportation improvements Distance gradient Local |
spellingShingle |
ddc:330 R40 R21 R41 C23 Housing prices Transportation improvements Distance gradient Local Karlsson, Vifill Local housing market and transportation improvements: The case of cul de sac and extremely remote localities |
topic_facet |
ddc:330 R40 R21 R41 C23 Housing prices Transportation improvements Distance gradient Local |
description |
In this paper, I examine the relationship between housing prices and transport improvements in case of tunnel in a locality in an extremely remote area of Iceland - a village far north called Siglufjörður. It have been documented that transportation improvements tend to influence housing prices, due to the general consumer preference for access over amenity value. I will examine whether this relationship holds in case of cul de sac in an extremely remote community in Iceland. A macro panel data set from Iceland will be used. It provides several essential variables for 79 municipalities in Iceland from 1981 through 2006. The results suggest that the impact is negligible against housing prices in this case. Further inspection shows that the price is sticky in the most relevant region, but the quantity is flexible. Thus, the estimation of the model will be repeated as an inverse demand function, where the housing price as exogene variable is replaced by sales quantity. |
format |
Conference Object |
author |
Karlsson, Vifill |
author_facet |
Karlsson, Vifill |
author_sort |
Karlsson, Vifill |
title |
Local housing market and transportation improvements: The case of cul de sac and extremely remote localities |
title_short |
Local housing market and transportation improvements: The case of cul de sac and extremely remote localities |
title_full |
Local housing market and transportation improvements: The case of cul de sac and extremely remote localities |
title_fullStr |
Local housing market and transportation improvements: The case of cul de sac and extremely remote localities |
title_full_unstemmed |
Local housing market and transportation improvements: The case of cul de sac and extremely remote localities |
title_sort |
local housing market and transportation improvements: the case of cul de sac and extremely remote localities |
publisher |
Louvain-la-Neuve: European Regional Science Association (ERSA) |
publishDate |
2010 |
url |
http://hdl.handle.net/10419/118777 |
long_lat |
ENVELOPE(-18.908,-18.908,66.152,66.152) |
geographic |
Siglufjörður |
geographic_facet |
Siglufjörður |
genre |
Iceland Siglufjörður |
genre_facet |
Iceland Siglufjörður |
op_relation |
Series: 50th Congress of the European Regional Science Association: "Sustainable Regional Growth and Development in the Creative Knowledge Economy", 19-23 August 2010, Jönköping, Sweden gbv-ppn:1776157273 http://hdl.handle.net/10419/118777 RePEc:wiw:wiwrsa:ERSA10p48 |
op_rights |
http://www.econstor.eu/dspace/Nutzungsbedingungen |
_version_ |
1789333575245496320 |