Impact of Urban Rail Transit Network on Residential and Commercial Land Values in China: A Complex Network Perspective
Urban rail transit can improve a city’s accessibility. However, high construction and operation costs restrict the development of urban rail transit. Value capture recoups the additional value that the investments of urban rail transit confer to local land and is considered to be an effective measur...
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| Format: | Article |
| Language: | English |
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Wiley
2021-01-01
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| Series: | Complexity |
| Online Access: | http://dx.doi.org/10.1155/2021/8849066 |
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| author | Shiping Wen Jiangang Shi Wei Zhang |
| author_facet | Shiping Wen Jiangang Shi Wei Zhang |
| author_sort | Shiping Wen |
| collection | DOAJ |
| description | Urban rail transit can improve a city’s accessibility. However, high construction and operation costs restrict the development of urban rail transit. Value capture recoups the additional value that the investments of urban rail transit confer to local land and is considered to be an effective measure to alleviate this financial problem. Understanding the land value uplift effects of urban rail transit is essential for understanding value capture. This study applied a Space-P model of urban rail transit network based on complex network theory and demonstrated the influence of urban rail transit network characteristics on residential and commercial land prices. The model was tested with eight metropolises in China, using the 2003 to 2022 timeframe as the context. The results showed a significant positive correlation between the number of nodes and the land prices, the average clustering coefficient was highly positively correlated with the land prices, and there was a significant negative correlation between the average path length and the land prices. This study provides theoretical support for value capture, is beneficial for urban rail transit planning, and supports improvements in the development quality of urban rail transit networks. |
| format | Article |
| id | doaj-art-71a8c80b2e5244c39c338997b9e2abc2 |
| institution | Kabale University |
| issn | 1076-2787 1099-0526 |
| language | English |
| publishDate | 2021-01-01 |
| publisher | Wiley |
| record_format | Article |
| series | Complexity |
| spelling | doaj-art-71a8c80b2e5244c39c338997b9e2abc22025-02-03T01:04:13ZengWileyComplexity1076-27871099-05262021-01-01202110.1155/2021/88490668849066Impact of Urban Rail Transit Network on Residential and Commercial Land Values in China: A Complex Network PerspectiveShiping Wen0Jiangang Shi1Wei Zhang2School of Civil Engineering and Architecture, Chongqing University of Science and Technology, Chongqing 401331, ChinaSchool of Economics and Management, Tongji University, Shanghai 201804, ChinaSchool of Public Administration, Sichuan University, Chengdu, Sichuan 610065, ChinaUrban rail transit can improve a city’s accessibility. However, high construction and operation costs restrict the development of urban rail transit. Value capture recoups the additional value that the investments of urban rail transit confer to local land and is considered to be an effective measure to alleviate this financial problem. Understanding the land value uplift effects of urban rail transit is essential for understanding value capture. This study applied a Space-P model of urban rail transit network based on complex network theory and demonstrated the influence of urban rail transit network characteristics on residential and commercial land prices. The model was tested with eight metropolises in China, using the 2003 to 2022 timeframe as the context. The results showed a significant positive correlation between the number of nodes and the land prices, the average clustering coefficient was highly positively correlated with the land prices, and there was a significant negative correlation between the average path length and the land prices. This study provides theoretical support for value capture, is beneficial for urban rail transit planning, and supports improvements in the development quality of urban rail transit networks.http://dx.doi.org/10.1155/2021/8849066 |
| spellingShingle | Shiping Wen Jiangang Shi Wei Zhang Impact of Urban Rail Transit Network on Residential and Commercial Land Values in China: A Complex Network Perspective Complexity |
| title | Impact of Urban Rail Transit Network on Residential and Commercial Land Values in China: A Complex Network Perspective |
| title_full | Impact of Urban Rail Transit Network on Residential and Commercial Land Values in China: A Complex Network Perspective |
| title_fullStr | Impact of Urban Rail Transit Network on Residential and Commercial Land Values in China: A Complex Network Perspective |
| title_full_unstemmed | Impact of Urban Rail Transit Network on Residential and Commercial Land Values in China: A Complex Network Perspective |
| title_short | Impact of Urban Rail Transit Network on Residential and Commercial Land Values in China: A Complex Network Perspective |
| title_sort | impact of urban rail transit network on residential and commercial land values in china a complex network perspective |
| url | http://dx.doi.org/10.1155/2021/8849066 |
| work_keys_str_mv | AT shipingwen impactofurbanrailtransitnetworkonresidentialandcommerciallandvaluesinchinaacomplexnetworkperspective AT jiangangshi impactofurbanrailtransitnetworkonresidentialandcommerciallandvaluesinchinaacomplexnetworkperspective AT weizhang impactofurbanrailtransitnetworkonresidentialandcommerciallandvaluesinchinaacomplexnetworkperspective |