{"title":"The Impact of Bus Rapid Transit on Land Development: A Case Study of Beijing, China","authors":"Taotao Deng, John D. Nelson","volume":42,"journal":"International Journal of Humanities and Social Sciences","pagesStart":1169,"pagesEnd":1180,"ISSN":"1307-6892","URL":"https:\/\/publications.waset.org\/pdf\/14464","abstract":"
Bus Rapid Transit (BRT) has emerged as a cost-effective transport system for urban mobility. However its ability to stimulate land development remains largely unexplored. The study makes use of qualitative (interview method) and quantitative analysis (questionnaire survey and longitudinal analysis of property data) to investigate land development impact resulting from BRT in Beijing, China. The empirical analysis suggests that BRT has a positive impact on the residential and commercial property attractiveness along the busway corridor. The statistical analysis suggests that accessibility advantage conferred by BRT is capitalized into higher property price. The average price of apartments adjacent to a BRT station has gained a relatively faster increase than those not served by the BRT system. The capitalization effect mostly occurs after the full operation of BRT, and is more evident over time and particularly observed in areas which previously lack alternative mobility opportunity.<\/p>\r\n","references":"[1] Jarzab, J T, Lightbody, J. and Maeda, E. (2002) Characteristics of Bus\r\nRapid Transit Projects: An Overview, Journal of Public Transportation, 5\r\n(2), pp. 31-46.\r\n[2] Hensher, D. A., Sustainable public transport systems: Moving towards a\r\nvalue for money and network-based approach and away from blind\r\ncommitment, Transport Policy, 2007, 14, pp 98-102.\r\n[3] Levinson, H., Zimmerman, S., Clinger, J., Rutherford, S., Smith, R. L.,\r\nCracknell, J. and Soberman, R., 2003a. TCRP Report 90: Bus Rapid\r\nTransit, Vol. 1, Case Studies in Bus Rapid Transit, Transportation\r\nResearch Board of the National Academies, Washington, DC.\r\n[4] Levinson, H., Zimmerman, S., Clinger, J., Gast, J., Rutherford, S. and\r\nBruhn, E., 2003b. 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