Abstract

ECHEVERRI DURAN, Carolina; RESTREPO, Diana Marcela  and  MORALES, Leonardo Fabio. Sustainable transport and housing market. An analysis for Medellin city. Desarro. soc. [online]. 2019, n.83, pp.145-183. ISSN 0120-3584.  https://doi.org/10.13043/dys.83.4.

This paper analyzes the effect of pollution on housing prices. In particular, we explore the effect of Metroplús on housing prices in Medellin city for 2010 and 2012 years, and the direct impact of air pollution and public transport coverage. We select treatment and control by georeferencing the households and according to a distance criterion of 750 meters. Using two methodologies: Difference in Differences (DD) and Propensity Score Matching with Differen­ces in Differences (PSM-DD), we do not find effects at the aggregate level; However, we find that low strata houses receive a positive effect, while high strata houses are negatively affected. In addition, air pollution has a signifi­cant impact; however, public transport coverage does not have effects.

Keywords : Economic evaluation; quantitative analysis; urban trans­port; air pollution; price; housing; urban planning; Medellin.

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