標題: An investigation of the open-system Bus Rapid Transit (BRT) network and property values: The case of Brisbane, Australia
作者: Zhang, Min
Yen, Barbara T. H.
Mulley, Corinne
Sipe, Neil
運輸與物流管理系 註:原交通所+運管所
Department of Transportation and Logistics Management
關鍵字: Value uplift;Value capture;Bus rapid transit (BRT);Property values;BRT network;Open system BRT
公開日期: 1-Apr-2020
摘要: This paper presents an investigation of the open-system Bus Rapid Transit (BRT) network on property values. An open-system BRT is one where bus feeder lines can enter and leave the BRT system, depending on their origin or destination so the BRT system infrastructure is shared by multiple routes. Brisbane, Australia is the empirical setting where smartcard (GoCard) data shows that 43% of bus passengers accessed the BRT system from feeder line stops. The paper investigates whether feeder line stops are important for increasing network accessibility in Brisbane's open-system BRT. The hypothesis underpinning the study is that the improved accessibility resulting from an open-system BRT network results in higher property values within feeder line corridors in addition to simply around the BRT system. A Geographically Weighted Generalized Linear Model (GWGLM) is used to investigate property value premiums and their spatial distribution. GWGLM makes an improvement over Geographically Weighted Regression Model (GWR) by providing flexible local and global variable settings that decrease the risk of multi-collinearity in local models. The results identify property value uplift of up to 1.64% for every 100 m closer to feeder bus stops with frequent services in western and eastern Brisbane suburbs. Future studies should pay attention to the type of BRT operation (whether open- or closed-) in investigating the value of accessibility from BRT implementation. The results are policy relevant for the debate between whether BRT systems should be open or closed.
URI: http://dx.doi.org/10.1016/j.tra.2020.01.021
http://hdl.handle.net/11536/154087
ISSN: 0965-8564
DOI: 10.1016/j.tra.2020.01.021
期刊: TRANSPORTATION RESEARCH PART A-POLICY AND PRACTICE
Volume: 134
起始頁: 16
結束頁: 34
Appears in Collections:Articles