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

Publisher:
SAGE Publications
Publication Type:
Journal Article
Citation:
Urban Studies, 2017, 54 (12), pp. 2800 - 2817
Issue Date:
2017
Full metadata record
Files in This Item:
Filename Description Size
0042098016660281.pdfPublished Version1.68 MB
Adobe PDF
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.
Please use this identifier to cite or link to this item: