eprintid: 4767
rev_number: 4
eprint_status: archive
userid: 1
dir: disk0/00/00/47/67
datestamp: 2024-09-16 11:40:58
lastmod: 2024-09-16 11:40:58
status_changed: 2024-09-16 11:40:58
type: thesis
metadata_visibility: show
sword_depositor: 1
creators_name: Luimes, Jesse
creators_id: S5730317
creators_email: jessejohan@gmail.com
title: The effect of a new train station on housing prices in rural areas: evidence from Dronten
ispublished: unpub
full_text_status: public
abstract: This paper models the effects of a new train station (light rail) on the housing prices in the (rural) municipality of Dronten, Flevoland. I distinguished two different effects: within 3500m proximity to the station and homes within the Dronten Municipality further away than 3500m from the station. I found that for homes within a 3500m perimeter from the station, the effect of a new train station is a significant decrease of 8%. The effect for homes within the municipality of Dronten further away than 3500m from the station is a significant decrease of 13% in the housing prices, although the parallel trend assumption was violated, leading to a biased estimation. The most important cause of this negative coefficient are the negative externalities associated with a train station. Additionally, it was found in a literature review that people use the train for enjoyment and a sense of independence, but demand increases when the service is reliable. The key recommendation is to replicate this study with different, more homogeneous data to ensure a holding parallel trends assumption.
date: 2024
pages: 42
thesis_type: master
degree_programme: VG
tutors_name: Vlist, A.J. van der
tutors_organization: Fac. Ruimtelijke wetenschappen, Basiseenheid Economische Geografie
tutors_email: A.J.van.der.Vlist@rug.nl
security: public
keywords_local: Train Stations
keywords_local: Rural area
keywords_local: rural
keywords_local: difference-in-difference
keywords_local: dif-in-dif
keywords_local: did
keywords_local: hedonic
keywords_local: hedonic pricing model
keywords_local: housing economics
keywords_local: housing prices
keywords_local: prices
language_iso: en
date_issued: 2024-09-13
citation:   Luimes, Jesse  (2024) The effect of a new train station on housing prices in rural areas: evidence from Dronten.  Master thesis.   
document_url: https://frw.studenttheses.ub.rug.nl/4767/1/Master-Thesis-RES-Jesse-Luimes-S5730317-Final-Approved.pdf