Impacts of airport traffic volumes on house prices of New Zealand’s major regions: A panel data approach
研究了2004年7月至2014年12月新西兰三大区域机场交通量对城市房价的正向显著影响，采用两阶段最小二乘法，对理解交通基础设施与房价关系有参考价值。
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.