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作者

来源

URBAN STUDIES,Vol.54,Issue12,P.2800-2817

语言

英文

关键字

airport traffic volumes; New Zealand; regional housing prices; two-stage least-squares approach; ECONOMIC-DEVELOPMENT; PROPERTY-VALUES; HONG-KONG; US AIRPORTS; NOISE; ENDOGENEITY; CAUSALITY; BUSINESS; INDUSTRY; MODELS

作者单位

[Tsui, Wai Hong Kan; Shi, Song] Massey Univ, Palmerston North, New Zealand. [Tsui, Wai Hong Kan] Chinese Univ Hong Kong, Hong Kong, Hong Kong, Peoples R China. [Tan, David Tat Wei] Univ New South Wales, Sydney, NSW, Australia. Tan, DTW (reprint author), Univ New South Wales, Sch Aviat, Room 211,Old Main Bldg, Sydney, NSW 2052, Australia. E-Mail: david.tan@unsw.edu.au

摘要

The direction and mechanisms of the relationship between airport traffic volumes and property prices are somewhat unclear in the literature. This study adds to that body of knowledge by empirically investigating the role of airports as an essential driver of economic activity by creating employment and facilitating air travel between destinations. The two-stage least-squares (2SLS) approach is employed to investigate the link between house prices and the airport traffic volumes of New Zealand's three key regions and airports (Auckland, Canterbury/Christchurch and Wellington) from July 2004 to December 2014. The empirical findings of the study suggest that airport traffic volumes positively and significantly influence the urban house prices of New Zealand's three major regions.