Heterogeneous Land Premium Evaluation and Spatial Development Models in High-Speed Rail Station Areas

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  • 1. Jiangsu Industrial Development Research Institute,Nanjing University of Finance and Economics,Nanjing 210023,Jiangsu,China;
    2. School of Economics and Management,Southeast University,Nanjing 211189,Jiangsu,China;
    3. National School of Development and Policy,Southeast University,Nanjing 211189,Jiangsu,China

Online published: 2024-03-29

Abstract

This paper analyzes the impact of high-speed railway stations on the land market around the station,based on the dimensions of land prices and land development intensity around the station area. It takes the new high-speed railway station as a quasi-natural experiment and use micro land transaction data, grid-level land use data,grid-level lighting and population data to examine the impact of high-speed railway construction on the land market from a microscopic geographic perspective. Empirical results show that the construction of high-speed railway stations has heterogeneous effects on the land market. Specifically, the construction of high-speed railway stations significantly increases the prices of commercial land plots in municipal districts,but it has no significant impact on land development intensity. However, the construction of high-speed railway stations has a significant positive effect on the prices of residential plots and land development intensity at the county level. Further analysis suggests that the construction of high-speed railway stations does not significantly promote the agglomeration of population and economy in the station area at the county level. This means that the construction of high-speed railway stations may lead to excessive real estate development or wastage of land resources in the station area at the county level. During the development planning of high-speed railway station areas,counties with small population size should consider factors such as population size,economic development level,and industrial foundation,highlight the integration of the station and the city,while municipal districts with large population size can combine the development of the station area with the effective expansion of urban space to promote a reasonable layout of urban space structure.

Cite this article

ZHOU Xiaoxue, LIU Xiuyan . Heterogeneous Land Premium Evaluation and Spatial Development Models in High-Speed Rail Station Areas[J]. Economic geography, 2023 , 43(9) : 62 -71 . DOI: 10.15957/j.cnki.jjdl.2023.09.007

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