Acceso abierto

The Relationship Between Road Infrastructure Budgetary Expenditures and Commercial Property Investment Returns. Case Study of Fadikpe Area Minna, Nigeria


Cite

Adebosin, W. G., Toriola, A. K., Salami, L. A., Saula, D. T., & Ayanwole, A. A. (2019). The Effect of Infrastructural Investment on Sustainable Development in Nigeria (1980–2016). Izvestiya, 2, 148–163.Search in Google Scholar

Alonso, W. (1964). Location and land use: Toward a general theory of land rent. Cambridge, Harvard Univ. Press.10.4159/harvard.9780674730854Search in Google Scholar

Baker, D. M., & Lee, B. (2019). How does light rail transit (LRT) impact gentrification? Evidence from fourteen US urbanized areas. Journal of Planning Education and Research, 39(1), 35–49. https://doi.org/10.1177/0739456X1771361910.1177/0739456X17713619Search in Google Scholar

Beckerich, C., Benoit, S., & Delaplace, M. (2019). Are the reasons for companies to locate around central versus peripheral high-speed rail stations different? The cases of Reims central station and Champagne-Ardenne station. European Planning Studies, 27(3), 574–594. https://doi.org/10.1080/09654313.2019.156711110.1080/09654313.2019.1567111Search in Google Scholar

Billings, S. B. (2011). Estimating the value of a new transit option. Regional Science and Urban Economics, 41(6), 525–536. https://doi.org/10.1016/j.regsciurbeco.2011.03.01310.1016/j.regsciurbeco.2011.03.013Search in Google Scholar

Cao, X. J., & Porter-Nelson, D. (2016). Real estate development in anticipation of the Green Line light rail transit in St. Paul. Transport Policy, 51, 24–32. https://doi.org/10.1016/j.tranpol.2016.01.00710.1016/j.tranpol.2016.01.007Search in Google Scholar

Cervero, R., & Duncan, M. (2002). Transit’s value-added effects: Light and commuter rail services and commercial land values. Transportation Research Record: Journal of the Transportation Research Board, 1805(1), 8–15. https://doi.org/10.3141/1805-0210.3141/1805-02Search in Google Scholar

Chu, J., Duan, Y., Yang, X., & Wang, L. (2019). The Last Mile Matters: Impact of Dockless Bike Sharing on Subway Housing Price Premium. Management Science. https://doi.org/10.1287/mnsc.2019.355010.1287/mnsc.2019.3550Search in Google Scholar

Crocker, S., Dabinett, B., Gore, T., Haywood, R., Hennebury, J., Kirkpatrick, A., Lawless, P., Townroe, P., (2000). Monitoring the Economic and Development Impact of South Yorkshire Supertram. Centre for Regional and Economic and Social Research, Sheffield Hallam University.Search in Google Scholar

Deng, T., & Nelson, J. D. (2013). Bus Rapid Transit implementation in Beijing: An evaluation of performance and impacts. Research in Transportation Economics, 39(1), 108–113. https://doi.org/10.1016/j.retrec.2012.06.00210.1016/j.retrec.2012.06.002Search in Google Scholar

Du, H., & Mulley, C. (2006). Relationship between transport accessibility and land value: Local model approach with geographically weighted regression. Transportation Research Record, 1977(1), 197–205. https://doi.org/10.1177/036119810619770012310.1177/0361198106197700123Search in Google Scholar

Du, H., & Mulley, C. (2007). The short-term land value impacts of urban rail transit: Quantitative evidence from Sunderland, UK. Land Use Policy, 24(1), 223–233. https://doi.org/10.1016/j.landusepol.2005.12.00310.1016/j.landusepol.2005.12.003Search in Google Scholar

Gibbons, S., Lyytikäinen, T., Overman, H. G., & Sanchis-Guarner, R. (2019). New road infrastructure: the effects on firms. Journal of Urban Economics, 110, 35–50. https://doi.org/10.1016/j.jue.2019.01.00210.1016/j.jue.2019.01.002Search in Google Scholar

Grover, R., & Walacik, M. (2019). Property Valuation and Taxation for Fiscal Sustainability–Lessons for Poland. Real Estate Management and Valuation, 27(1), 35–48. https://doi.org/10.2478/remav-2019-000410.2478/remav-2019-0004Search in Google Scholar

Hess, D. B., & Almeida, T. M. (2007). Impact of proximity to light rail rapid transit on station-area property values in Buffalo, New York. Urban studies, 44(5-6), 1041–1068. https://doi.org/10.1080/0042098070125600510.1080/00420980701256005Search in Google Scholar

Hesse, M., & McDonough, E. (2018). Ports, cities and the global maritime infrastructure. (Eds) R. Kloosterman, V. Mamadouh, P. Terhorst, Handbook on the Geographies of Globalization. Edward Elgar Pub. https://doi.org/10.4337/9781785363849.0003810.4337/9781785363849.00038Search in Google Scholar

Jedwab, R., & Storeygard, A. (2019). The average and heterogeneous effects of transportation investments: Evidence from Sub-Saharan Africa 1960–2010. Working paper No. 2019-8, National Bureau of Economic Research. https://doi.org/10.3386/w2767010.3386/w27670Search in Google Scholar

Knowles, R. D., & Ferbrache, F. (2016). Evaluation of wider economic impacts of light rail investment on cities. Journal of Transport Geography, 54, 430–439. https://doi.org/10.1016/j.jtrangeo.2015.09.00210.1016/j.jtrangeo.2015.09.002Search in Google Scholar

Kyriacou, A. P., Muinelo-Gallo, L., & Roca-Sagalés, O. (2019). The efficiency of transport infrastructure investment and the role of government quality: An empirical analysis. Transport Policy, 74, 93–102. https://doi.org/10.1016/j.tranpol.2018.11.01710.1016/j.tranpol.2018.11.017Search in Google Scholar

Lancaster, K. J. (1966). A new approach to consumer theory. Journal of political economy, 74(2), 132–157. https://doi.org/10.1086/25913110.1086/259131Search in Google Scholar

Li, S., Chen, L., & Zhao, P. (2019). The impact of metro services on housing prices: a case study from Beijing. Transportation, 46(4), 1291–1317. https://doi.org/10.1007/s11116-017-9834-710.1007/s11116-017-9834-7Search in Google Scholar

Lieske, S. N., van den Nouwelant, R., Han, H., & Pettit, C. (2018). Modelling value uplift on future transport infrastructure. In Real Estate and GIS, (Eds) R. Reed, C. Pettit, pp. 80–98. Routledge. https://doi.org/10.1201/9781315642789-510.1201/9781315642789-5Search in Google Scholar

Mangioni, V. (2019). Value capture taxation: alternate sources of revenue for Sub-Central government in Australia. Journal of Financial Management of Property and Construction, 24(2). https://doi.org/10.1108/JFMPC-11-2018-006510.1108/JFMPC-11-2018-0065Search in Google Scholar

Mathur, S. (2019). An evaluative framework for examining the use of land value capture to fund public transportation projects. Land Use Policy, 86, 357–364. https://doi.org/10.1016/j.landusepol.2019.05.02110.1016/j.landusepol.2019.05.021Search in Google Scholar

McAllister, P. (2019). The taxing problems of land value capture, planning obligations and viability tests: some reasonable models? Town Planning Review, 90(4), 429–451. https://doi.org/10.3828/tpr.2019.2810.3828/tpr.2019.28Search in Google Scholar

McDonald, J. F., & Osuji, C. I. (1995). The effect of anticipated transportation improvement on residential land values. Regional Science and Urban Economics, 25(3), 261–278. https://doi.org/10.1016/0166-0462(94)02085-U10.1016/0166-0462(94)02085-USearch in Google Scholar

McMillen, D. P., & McDonald, J. (2004). Reaction of house prices to a new rapid transit line: Chicago’s midway line, 1983–1999. Real Estate Economics, 32(3), 463–486. https://doi.org/10.1111/j.1080-8620.2004.00099.x10.1111/j.1080-8620.2004.00099.xSearch in Google Scholar

Mohammad, S. I., Graham, D. J., & Melo, P. C. (2015). The effect of the Dubai Metro on the value of residential and commercial properties. Journal of Transport and Land Use, 10(1). https://doi.org/10.5198/jtlu.2015.75010.5198/jtlu.2015.750Search in Google Scholar

Mohammad, S. I., Graham, D. J., Melo, P. C., & Anderson, R. J. (2013). A meta-analysis of the impact of rail projects on land and property values. Transportation Research Part A: Policy and Practice, 50, 158–170. https://doi.org/10.1016/j.tra.2013.01.01310.1016/j.tra.2013.01.013Search in Google Scholar

Mulley, C. (2014). Accessibility and residential land value uplift: Identifying spatial variations in the accessibility impacts of a bus transitway. Urban Studies, 51(8), 1707–1724. https://doi.org/10.1177/004209801349908210.1177/0042098013499082Search in Google Scholar

Mulley, C., Ma, L., Clifton, G., Yen, B., & Burke, M. (2016). Residential property value impacts of proximity to transport infrastructure: An investigation of bus rapid transit and heavy rail networks in Brisbane, Australia. Journal of Transport Geography, 54, 41–52. https://doi.org/10.1016/j.jtrangeo.2016.05.01010.1016/j.jtrangeo.2016.05.010Search in Google Scholar

Murray, C. (2016). Land value uplift from light rail. SSRN, 2834855. https://doi.org/10.2139/ssrn.283485510.2139/ssrn.2834855Search in Google Scholar

Muth, R., 1969. Cities and Housing. University of Chicago Press, Chicago, USA.Search in Google Scholar

Noring, L. (2019). Public asset corporation: A new vehicle for urban regeneration and infrastructure finance. Cities, 88, 125–135. https://doi.org/10.1016/j.cities.2019.01.00210.1016/j.cities.2019.01.002Search in Google Scholar

Pagliara, F., & Papa, E. (2011). Urban rail systems investments: an analysis of the impacts on property values and residents’ location. Journal of Transport Geography, 19(2), 200–211. https://doi.org/10.1016/j.jtrangeo.2010.02.00610.1016/j.jtrangeo.2010.02.006Search in Google Scholar

Porter, M. E., & Kramer, M. R. (2019). Creating shared value. In Lenssen G., Smith N. (eds) Managing sustainable business (pp. 323–346). Springer, Dordrecht. https://doi.org/10.1007/978-94-024-1144-7_1610.1007/978-94-024-1144-7_16Search in Google Scholar

Rosen, S. (1974). Hedonic prices and implicit markets: product differentiation in pure competition. Journal of political economy, 82(1), 34–55. https://doi.org/10.1086/26016910.1086/260169Search in Google Scholar

Roukouni, A., Macharis, C., Basbas, S., Stephanis, B., & Mintsis, G. (2018). Financing urban transportation infrastructure in a multi-actors environment: the role of value capture. European Transport Research Review, 10(1), 14. https://doi.org/10.1007/s12544-017-0281-510.1007/s12544-017-0281-5Search in Google Scholar

Seo, K., Salon, D., Kuby, M., & Golub, A. (2019). Hedonic modeling of commercial property values: distance decay from the links and nodes of rail and highway infrastructure. Transportation, 46, 859–882. https://doi.org/10.1007/s11116-018-9861-z10.1007/s11116-018-9861-zSearch in Google Scholar

Siripanich, A., Rashidi, T. H., & Moylan, E. (2019). Interaction of Public Transport Accessibility and Residential Property Values Using Smart Card Data. Sustainability, 11(9), 2709. https://doi.org/10.3390/su1109270910.3390/su11092709Search in Google Scholar

Sovacool, B. K., & Yazdi, A. H. (2019). Technological frames and the politics of automated electric light rail rapid transit in Poland and the United Kingdom. Technology in Society, 59, 101190. https://doi.org/10.1016/j.techsoc.2019.10119010.1016/j.techsoc.2019.101190Search in Google Scholar

Stokenberga, A. (2014). Does bus rapid transit influence urban land development and property values: A review of the literature. Transport Reviews, 34(3), 276–296. https://doi.org/10.1080/01441647.2014.90240410.1080/01441647.2014.902404Search in Google Scholar

Tanko, M., Cheemarkurthy, H., Kihl, S. H., & Garme, K. (2019). Water transit passenger perceptions and planning factors: A Swedish perspective. Travel Behaviour and Society, 16, 23–30. https://doi.org/10.1016/j.tbs.2019.02.00210.1016/j.tbs.2019.02.002Search in Google Scholar

Tsai, C. H. P., Mulley, C., Burke, M., & Yen, B. (2015). Exploring property value effects of ferry terminals: Evidence from Brisbane, Australia. Journal of Transport and Land Use, 10(1). https://doi.org/10.5198/jtlu.2015.56210.5198/jtlu.2015.562Search in Google Scholar

Wang, L., & Gu, H. (2019). Impact of HSR Station on the Surrounding Area. In Studies on China’s High-Speed Rail New Town Planning and Development, (pp. 87–111). Springer, Singapore. https://doi.org/10.1007/978-981-13-6916-2_310.1007/978-981-13-6916-2_3Search in Google Scholar

Wang, W., Zhong, M., & Hunt, J. D. (2019). Analysis of the Wider Economic Impact of a transport Infrastructure Project Using an Integrated Land Use Transport Model. Sustainability, 11(2), 364. https://doi.org/10.3390/su1102036410.3390/su11020364Search in Google Scholar

Yang, L., Zhou, J., & Shyr, O. F. (2019). Does bus accessibility affect property prices? Cities, 84, 56–65. https://doi.org/10.1016/j.cities.2018.07.00510.1016/j.cities.2018.07.005Search in Google Scholar

Yen, B. T., Mulley, C., & Shearer, H. (2019). Different Stories from Different Approaches in Evaluating Property Value Uplift: Evidence from the Gold Coast Light Rail System in Australia. Transportation Research Record, 2673(3), 11–23. https://doi.org/10.1177/036119811882300110.1177/0361198118823001Search in Google Scholar

Yen, B. T., Mulley, C., Shearer, H., & Burke, M. (2018). Announcement, construction or delivery: When does value uplift occur for residential properties? Evidence from the Gold Coast Light Rail system in Australia. Land use policy, 73, 412–422. https://doi.org/10.1016/j.landusepol.2018.02.00710.1016/j.landusepol.2018.02.007Search in Google Scholar

Zhang, M., & Liu, Y. (2015, January). An exploratory analysis of Bus Rapid Transit on property values: A case study of Brisbane’s South East Busway. In State of Australian Cities National Conference, 2015, Gold Coast, Queensland, Australia.Search in Google Scholar