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| Tekijä: | Baum-Snow, N. Kahn, M.E. |
| Otsikko: | The effects of new public projects to expand urban rail transit |
| Lehti: | Journal of Public Economics
2000 : AUG, VOL. 77:2, p. 241-263 |
| Asiasana: | Public transport Housing USA |
| Kieli: | eng |
| Tiivistelmä: | Many U.S. cities invest in large public transit projects to reduce private vehicle dependence and to reverse the downward trend in public transit use. Using a unique panel data set for 5 major cities that upgraded their rail transit systems in the 1980s, this paper estimates new rail transit's impact on usage and housing values, using distance as a proxy for transit access. New rail transit has a small impact on usage and housing values. This impact is enough to represent tangible benefits of new transit to nearby residents. New transit's benefits are not uniformly distributed. It is documented which demographic groups are over-represented in transit growth areas and the changes in transit usage by different demographic groups. |
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