Impacts of airport traffic volumes on house prices of New Zealand’s major regions: A panel data approach

Tsui, WHK; Tan, DTW; Shi, S

Impacts of airport traffic volumes on house prices of New Zealand’s major regions: A panel data approach

Tsui, WHK Tan, DTW Shi, S

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Publication Type:: Journal Article
Citation:: Urban Studies, 2017, 54 (12), pp. 2800 - 2817
Issue Date:: 2017-09-01

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Field	Value	Language
dc.contributor.author	Tsui, WHK	en_US
dc.contributor.author	Tan, DTW	en_US
dc.contributor.author	Shi, S https://orcid.org/0000-0003-4188-5151	en_US
dc.date.issued	2017-09-01	en_US
dc.identifier.citation	Urban Studies, 2017, 54 (12), pp. 2800 - 2817	en_US
dc.identifier.issn	0042-0980	en_US
dc.identifier.uri	http://hdl.handle.net/10453/116683
dc.description.abstract	© 2016, © Urban Studies Journal Limited 2016. The direction and mechanisms of the relationship between airport traffic volumes and property prices are somewhat unclear in the literature. This study adds to that body of knowledge by empirically investigating the role of airports as an essential driver of economic activity by creating employment and facilitating air travel between destinations. The two-stage least-squares (2SLS) approach is employed to investigate the link between house prices and the airport traffic volumes of New Zealand’s three key regions and airports (Auckland, Canterbury/Christchurch and Wellington) from July 2004 to December 2014. The empirical findings of the study suggest that airport traffic volumes positively and significantly influence the urban house prices of New Zealand’s three major regions.	en_US
dc.relation.ispartof	Urban Studies	en_US
dc.relation.isbasedon	10.1177/0042098016660281	en_US
dc.subject.classification	Urban & Regional Planning	en_US
dc.title	Impacts of airport traffic volumes on house prices of New Zealand’s major regions: A panel data approach	en_US
dc.type	Journal Article
utslib.citation.volume	12	en_US
utslib.citation.volume	54	en_US
utslib.for	1205 Urban and Regional Planning	en_US
utslib.for	1402 Applied Economics	en_US
utslib.for	1604 Human Geography	en_US
pubs.embargo.period	Not known	en_US
pubs.organisational-group	/University of Technology Sydney
pubs.organisational-group	/University of Technology Sydney/Faculty of Design, Architecture and Building
pubs.organisational-group	/University of Technology Sydney/Faculty of Design, Architecture and Building/School of Built Environment
utslib.copyright.status	closed_access
pubs.issue	12	en_US
pubs.publication-status	Published	en_US
pubs.volume	54	en_US

Abstract:

© 2016, © Urban Studies Journal Limited 2016. The direction and mechanisms of the relationship between airport traffic volumes and property prices are somewhat unclear in the literature. This study adds to that body of knowledge by empirically investigating the role of airports as an essential driver of economic activity by creating employment and facilitating air travel between destinations. The two-stage least-squares (2SLS) approach is employed to investigate the link between house prices and the airport traffic volumes of New Zealand’s three key regions and airports (Auckland, Canterbury/Christchurch and Wellington) from July 2004 to December 2014. The empirical findings of the study suggest that airport traffic volumes positively and significantly influence the urban house prices of New Zealand’s three major regions.

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http://hdl.handle.net/10453/116683