Highway project and residential property quality: The case of Vías Nuevas de Lima

T. Edward Yu; Pedro Rojas; Yohnny Campana; David Hughes; Julio Aguirre

doi:10.1142/9789811271663_0009

Highway project and residential property quality: The case of Vías Nuevas de Lima

T. Edward Yu, Pedro Rojas, Yohnny Campana, David Hughes, Julio Aguirre

Producción científica: Capítulo del libro/informe/acta de congreso › Capítulo de libro › revisión exhaustiva

Resumen

Este estudio examina los impactos de un proyecto de renovación y expansión de carreteras, Vías Nuevas de Lima (VNL) (que comenzó en 2013 en Lima, Perú), en el número de residentes en propiedades residenciales de mayor calidad cercanas. Se aplica un modelo de regresión a datos residenciales a nivel de bloque cerca de la sección norte de la Panamericana Norte de la VNL en 2007 y 2017. El modelo incluye términos lineales y cuadráticos que miden la proximidad a la carretera renovada, así como otras variables de control. Los resultados del modelo sugieren que, antes del proyecto, la proximidad a la carretera no afectaba el número de personas que residían en propiedades de mayor calidad. Sin embargo, después de la renovación, la proximidad a la VNL tiene un impacto no monótono, lo que sugiere que la carretera ampliada y renovada atrae a más residentes a establecerse en propiedades de mayor calidad cercanas en la "zona intermedia". Se encuentra un patrón similar también en términos de los niveles de educación formal de los residentes. Sin embargo, la proximidad a la carretera no afecta el número de residentes en viviendas de menor calidad, independientemente del estado del proyecto. Los hallazgos implican que un proyecto de carretera renovado puede afectar la composición de los vecindarios cercanos y aumentar la demanda de propiedades de mayor calidad y más valiosas en áreas próximas.

Idioma original	Inglés
Título de la publicación alojada	Urban economics, real estate, transportation and public policy
Editores	Jeffrey P. Cohen
Editorial	World Scientific Publishing Co.
Páginas	231-250
Número de páginas	20
ISBN (versión digital)	9789811271663
ISBN (versión impresa)	9789811271656
DOI	https://doi.org/10.1142/9789811271663_0009
Estado	Publicada - 2024

Nota bibliográfica

Publisher Copyright:
© 2024 by World Scientific Publishing Co. Pte. Ltd. All rights reserved.

Palabras clave

Proyecto de carretera
Propiedad residencial
Calidad
Infraestructura
Desarrollo urbano

ODS de las Naciones Unidas

Este resultado contribuye a los siguientes Objetivos de Desarrollo Sostenible

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10.1142/9789811271663_0009

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Highway Project and Residential Property Quality: the case of Vías Nuevas de Lima
Julio César Aguirre Montoya (Expositor)
26 oct. 2023 → 27 oct. 2023
Actividad: Participación en un evento › Participación en un evento como expositor, comentarista, panelista
Highway Project and Residential Property Quality: the case of Vías Nuevas de Lima
Julio César Aguirre Montoya (Expositor)
2 ago. 2023 → 4 ago. 2023
Actividad: Participación en un evento › Participación en un evento como expositor, comentarista, panelista

Citar esto

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abstract = "The impacts of a highway renovation and expansion project, V{\'i}as Nuevas de Lima (VNL) (starting in 2013 in Lima, Peru), on the number of residents in nearby higher-quality property is examined in this study. A regression model is applied to block-level residential data near the North Panamericana section of the VNL in 2007 and 2017. The model includes linear and quadratic terms measuring proximity to the renovated highway as well as other (control) variables. Model results suggest that, before the project, proximity to the highway did not affect the number of people residing in higher-quality properties. However, after renovation, proximity to the VNL has a non-monotonic type of impact, suggesting that the expanded and renovated highway attracts more residents to settle in nearby “middle-buffer” higher-quality properties. A similar pattern is also found in terms of the formal education levels of residents. However, proximity to the highway does not affect the number of residents in lower-quality housing regardless of the status of the project. Findings imply that renovated highway project may affect the composition of nearby neighborhoods and increase the demand for higher quality, more valuable property in proximate areas.",

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Highway project and residential property quality: The case of Vías Nuevas de Lima. / Yu, T. Edward; Rojas, Pedro; Campana, Yohnny et al.
Urban economics, real estate, transportation and public policy. ed. / Jeffrey P. Cohen. World Scientific Publishing Co., 2024. p. 231-250.

Producción científica: Capítulo del libro/informe/acta de congreso › Capítulo de libro › revisión exhaustiva

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AB - The impacts of a highway renovation and expansion project, Vías Nuevas de Lima (VNL) (starting in 2013 in Lima, Peru), on the number of residents in nearby higher-quality property is examined in this study. A regression model is applied to block-level residential data near the North Panamericana section of the VNL in 2007 and 2017. The model includes linear and quadratic terms measuring proximity to the renovated highway as well as other (control) variables. Model results suggest that, before the project, proximity to the highway did not affect the number of people residing in higher-quality properties. However, after renovation, proximity to the VNL has a non-monotonic type of impact, suggesting that the expanded and renovated highway attracts more residents to settle in nearby “middle-buffer” higher-quality properties. A similar pattern is also found in terms of the formal education levels of residents. However, proximity to the highway does not affect the number of residents in lower-quality housing regardless of the status of the project. Findings imply that renovated highway project may affect the composition of nearby neighborhoods and increase the demand for higher quality, more valuable property in proximate areas.

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Highway project and residential property quality: The case of Vías Nuevas de Lima

Resumen

Nota bibliográfica

Palabras clave

ODS de las Naciones Unidas

Acceder al documento

Otros archivos y enlaces

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Highway Project and Residential Property Quality: the case of Vías Nuevas de Lima

Highway Project and Residential Property Quality: the case of Vías Nuevas de Lima

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