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Schools, land markets and spatial effects

Author:
Dong, Guanpeng, Wu, Wenjie
Source:
Land use policy 2016 v.59 pp. 366-374
ISSN:
0264-8377
Subject:
elementary schools, markets, middle schools, models, prices, universities, China
Abstract:
This paper uses a spatial modeling approach to explore the capitalisation effect of proximity to schools on land markets. The results suggest that adjacency to primary schools leads to considerable price premiums but there are no significant effects on middle schools and universities. The results also provide some reassurance that spatial simulations offer a useful representation of localised variations in values attached to proximity to schools in Beijing, China.
Agid:
5671592