House prices, airport location proximity, air traffic volume and the COVID-19 effect

IF 1.7 Q2 GEOGRAPHY Regional Studies Regional Science Pub Date : 2023-04-12 DOI:10.1080/21681376.2023.2186805
Thanh Ngo, G. Squires, M. McCord, D. Lo
{"title":"House prices, airport location proximity, air traffic volume and the COVID-19 effect","authors":"Thanh Ngo, G. Squires, M. McCord, D. Lo","doi":"10.1080/21681376.2023.2186805","DOIUrl":null,"url":null,"abstract":"Although house prices and airports are influenced by distinct factors that shape their evolutions, they are also intrinsically connected through the natural and built environment. Standard theory suggests that air-traffic noise and proximity to key economic hubs such as airports are of prime importance to house prices and the housing market. This study contributes to understanding the link between the housing market, airport location proximity and air traffic. The research investigates this association across four key urban areas within New Zealand proximal to an international airport: Auckland, Wellington, Christchurch and Queenstown. Applying a generalized least squares (GLS) regression approach, the analysis reveals that house prices, air-traffic activity and proximity to airports within New Zealand demonstrate a statistically significant effect, and that air traffic volume has a positive effect on house prices. Moreover, the findings reveal a ‘U'-shape relationship between distance to the airport and house prices, suggesting that airport noise and pollution adversely affect house prices, with this effect diminishing with distance, indicating that economic influences and employment may also serve as a positive externality. © 2023 The Author(s). Published by Informa UK Limited, trading as Taylor & Francis Group.","PeriodicalId":46370,"journal":{"name":"Regional Studies Regional Science","volume":" ","pages":""},"PeriodicalIF":1.7000,"publicationDate":"2023-04-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"2","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Regional Studies Regional Science","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1080/21681376.2023.2186805","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"GEOGRAPHY","Score":null,"Total":0}
引用次数: 2

Abstract

Although house prices and airports are influenced by distinct factors that shape their evolutions, they are also intrinsically connected through the natural and built environment. Standard theory suggests that air-traffic noise and proximity to key economic hubs such as airports are of prime importance to house prices and the housing market. This study contributes to understanding the link between the housing market, airport location proximity and air traffic. The research investigates this association across four key urban areas within New Zealand proximal to an international airport: Auckland, Wellington, Christchurch and Queenstown. Applying a generalized least squares (GLS) regression approach, the analysis reveals that house prices, air-traffic activity and proximity to airports within New Zealand demonstrate a statistically significant effect, and that air traffic volume has a positive effect on house prices. Moreover, the findings reveal a ‘U'-shape relationship between distance to the airport and house prices, suggesting that airport noise and pollution adversely affect house prices, with this effect diminishing with distance, indicating that economic influences and employment may also serve as a positive externality. © 2023 The Author(s). Published by Informa UK Limited, trading as Taylor & Francis Group.
查看原文
分享 分享
微信好友 朋友圈 QQ好友 复制链接
本刊更多论文
房价、机场位置、空中交通量和新冠肺炎影响
尽管房价和机场受到影响其演变的不同因素的影响,但它们也通过自然和建筑环境有着内在的联系。标准理论表明,空中交通噪音和机场等关键经济枢纽的邻近程度对房价和房地产市场至关重要。这项研究有助于理解住房市场、机场位置和空中交通之间的联系。这项研究调查了新西兰靠近国际机场的四个关键城市地区的这种关联:奥克兰、惠灵顿、克赖斯特彻奇和皇后镇。应用广义最小二乘(GLS)回归方法,分析表明,新西兰境内的房价、航空交通活动和机场附近程度具有统计学显著影响,航空交通量对房价具有积极影响。此外,研究结果揭示了到机场的距离与房价之间的“U”型关系,表明机场噪音和污染对房价产生了不利影响,这种影响随着距离的增加而减弱,这表明经济影响和就业也可能是一种正外部性。©2023作者。由Informa UK Limited出版,交易名称为Taylor&Francis Group。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
求助全文
约1分钟内获得全文 去求助
来源期刊
CiteScore
3.00
自引率
15.80%
发文量
49
审稿时长
18 weeks
期刊介绍: Regional Studies, Regional Science is an interdisciplinary open access journal from the Regional Studies Association, first published in 2014. We particularly welcome submissions from authors working on regional issues in geography, economics, planning, and political science. The journal features a streamlined peer-review process and quick turnaround times from submission to acceptance. Authors will normally receive a decision on their manuscript within 60 days of submission.
期刊最新文献
Social vulnerability and local economic outcomes during the COVID-19 pandemic The diffusion of digital skills across EU regions: structural drivers and polarisation dynamics The geographical dimension of income inequality in Greece: evolution and the ‘turning point’ after the economic crisis Italian cultural and creative industries following the Great Recession: an exploration of the local determinants of growth Inter-temporal co-evolution of divergent economic activities and spatial economic resilience embedded in informal institutions
×
引用
GB/T 7714-2015
复制
MLA
复制
APA
复制
导出至
BibTeX EndNote RefMan NoteFirst NoteExpress
×
×
提示
您的信息不完整,为了账户安全,请先补充。
现在去补充
×
提示
您因"违规操作"
具体请查看互助需知
我知道了
×
提示
现在去查看 取消
×
提示
确定
0
微信
客服QQ
Book学术公众号 扫码关注我们
反馈
×
意见反馈
请填写您的意见或建议
请填写您的手机或邮箱
已复制链接
已复制链接
快去分享给好友吧!
我知道了
×
扫码分享
扫码分享
Book学术官方微信
Book学术文献互助
Book学术文献互助群
群 号:481959085
Book学术
文献互助 智能选刊 最新文献 互助须知 联系我们:info@booksci.cn
Book学术提供免费学术资源搜索服务,方便国内外学者检索中英文文献。致力于提供最便捷和优质的服务体验。
Copyright © 2023 Book学术 All rights reserved.
ghs 京公网安备 11010802042870号 京ICP备2023020795号-1