The Effects of Infrastructure Projects on House Prices and Rents:Evidence from the HS2 Extension Cancellation in the UK  

作　　者：Wentao Zhu 

机构地区：[1]Department of Mathematics,London School of Economics and Political Science,London,United Kingdom

出　　处：《Journal of Sustainable Business and Economics》2024年第2期76-94,共19页可持续商业和经济（英文）

摘　　要：This paper uses the HS2 extension cancellation in November 2021 as a quasi-experiment to study its impact on house prices and rents in Leeds.Using a DiD approach on repeat sales and monthly rents,I compare property values near the HS2 station and proposed construction site before and after the announcement.Results show a 3.6%decrease in house prices and a 3.9%decline in rents near the station,while properties near the construction site experienced a 2.4%increase in prices and a 2.1%rise in rents.This is the first paper to analyse the HS2 cancellation effect using panel data methods.

关 键 词：HS2 extension cancellation Externalities House price effects Transport infrastructure Difference-in-Differences Model 

分 类 号：F42[经济管理—产业经济]