This paper investigates the influence of metro accessibility on Xi'an residential property values. The key finding is that proximity to metro stations tends to have a positive but nonlinear effect. Within two-kilometre road network distances from metro stations, property value uplift is lowest in areas immediately adjacent to metro stations, explained by negative externalities around metro stations outweighing accessibility gains. The highest effect is revealed at distances between 300 and 1200 metres away from stations. Other significant influences include the distance to the central business district, the size of the property, the age of the property, interior decoration, residential building type and geographical location. The evidence suggests that the catchment area size should be adjusted according to access mode shares. Policy implications are also provided for potential future decision making.

Zheng Li

Research in Transportation Economics

Research in Transportation Economics is a journal devoted to the dissemination of high quality economics research in the field of transportation. The content covers a wide variety of topics relating to the economics aspects of transportation, government regulatory policies regarding transportation, and issues of concern to transportation industry planners. The unifying theme throughout the papers is the application of economic theory and/or applied economic methodologies to transportation questions.

Research in Transportation Economics is a journal dedicated to the dissemination of high-quality economic research in the field of transportation. The content covers a wide range of topics related to the economic aspects of transportation, government regulatory policies concerning transportation, and issues of interest to transportation industry planners. The unifying theme throughout the papers is the application of economic theory and/or applied economic methodologies to transportation questions.

《Research in Transportation Economics》是一本专注于传播高质量交通经济学研究的期刊。内容涵盖与交通经济相关的各种主题，包括政府对交通的监管政策以及交通行业规划者关注的问题。所有论文的共同主题是将经济理论和/或应用经济方法论应用于交通问题。

Category	Quartile
工程技术	3
工程技术, 经济学	3
工程技术, 交通运输	4

The impact of metro accessibility on residential property values: An empirical analysis

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