Does infrastructure spending lead to price effects in the property market? Evidence from major cities across India

doi:10.1080/00343404.2019.1619925

CORC > 上海财经大学 > 上海财经大学

	Does infrastructure spending lead to price effects in the property market? Evidence from major cities across India
	Deng, Xiaoying 1; Nanda, Anupam 2; Ong, Seow Eng 3
刊名	REGIONAL STUDIES
	2019-07-02
关键词	infrastructure spending rental price cap rate
ISSN号	0034-3404
DOI	10.1080/00343404.2019.1619925
英文摘要	A recent boost in spending on the public infrastructure across India raises the question: How does the property sector react to massive infrastructure construction? The answer has significant policy relevance. This paper uses panel data across seven major Indian cities, spanning seven years from 2008 to 2014, to ascertain the short- and long-run impacts of infrastructure attributes on property values and rents. The study finds that increases in the percentage of public infrastructure spending lead to a positive effect on the property capitalization rate in India, but have a negative impact on the rental market in the short term.
WOS研究方向	Business & Economics ; Environmental Sciences & Ecology ; Geography ; Public Administration
语种	英语
出版者	ROUTLEDGE JOURNALS, TAYLOR & FRANCIS LTD
WOS记录号	WOS:000474134800001
内容类型	期刊论文
源URL	[http://10.2.47.112/handle/2XS4QKH4/202]
专题	上海财经大学
通讯作者	Deng, Xiaoying
作者单位	1.Shanghai Univ Finance & Econ, Sch Publ Econ & Adm, Shanghai, Peoples R China; 2.Univ Reading, Henley Business Sch, Reading, Berks, England; 3.Natl Univ Singapore, Dept Real Estate, Singapore, Singapore
推荐引用方式 GB/T 7714	Deng, Xiaoying,Nanda, Anupam,Ong, Seow Eng. Does infrastructure spending lead to price effects in the property market? Evidence from major cities across India[J]. REGIONAL STUDIES,2019.
APA	Deng, Xiaoying,Nanda, Anupam,&Ong, Seow Eng.(2019).Does infrastructure spending lead to price effects in the property market? Evidence from major cities across India.REGIONAL STUDIES.
MLA	Deng, Xiaoying,et al."Does infrastructure spending lead to price effects in the property market? Evidence from major cities across India".REGIONAL STUDIES (2019).