Paving streets for the poor: experimental analysis of infrastructure effects
We provide the first experimental estimation of the effects of the supply of publicly financed urban infrastructure on property values. Using random allocation of first-time street asphalting of residential streets located in peripheral neighbourhoods in Mexico, we show that within two years of the...
| Main Authors: | , |
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| Format: | Working paper |
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University of Oxford
2015
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| _version_ | 1826256634323664896 |
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| author | Quintana-Domeque, C Gonzalez-Navarro, M |
| author_facet | Quintana-Domeque, C Gonzalez-Navarro, M |
| author_sort | Quintana-Domeque, C |
| collection | OXFORD |
| description | We provide the first experimental estimation of the effects of the supply of publicly financed urban infrastructure on property values. Using random allocation of first-time street asphalting of residential streets located in peripheral neighbourhoods in Mexico, we show that within two years of the intervention households are able to transform their increased property wealth into significantly larger rates of vehicle ownership, household appliances, and home improvements. Increased consumption is made possible via both credit use and less saving. A cost-benefit analysis indicates that the valuation of street asphalting as capitalized into property values is about as large as construction costs. |
| first_indexed | 2024-03-06T18:05:21Z |
| format | Working paper |
| id | oxford-uuid:01400fba-e2c8-42f4-902a-081fc4fa460d |
| institution | University of Oxford |
| last_indexed | 2024-03-06T18:05:21Z |
| publishDate | 2015 |
| publisher | University of Oxford |
| record_format | dspace |
| spelling | oxford-uuid:01400fba-e2c8-42f4-902a-081fc4fa460d2022-03-26T08:33:55ZPaving streets for the poor: experimental analysis of infrastructure effectsWorking paperhttp://purl.org/coar/resource_type/c_8042uuid:01400fba-e2c8-42f4-902a-081fc4fa460dBulk import via SwordSymplectic ElementsUniversity of Oxford2015Quintana-Domeque, CGonzalez-Navarro, MWe provide the first experimental estimation of the effects of the supply of publicly financed urban infrastructure on property values. Using random allocation of first-time street asphalting of residential streets located in peripheral neighbourhoods in Mexico, we show that within two years of the intervention households are able to transform their increased property wealth into significantly larger rates of vehicle ownership, household appliances, and home improvements. Increased consumption is made possible via both credit use and less saving. A cost-benefit analysis indicates that the valuation of street asphalting as capitalized into property values is about as large as construction costs. |
| spellingShingle | Quintana-Domeque, C Gonzalez-Navarro, M Paving streets for the poor: experimental analysis of infrastructure effects |
| title | Paving streets for the poor: experimental analysis of infrastructure effects |
| title_full | Paving streets for the poor: experimental analysis of infrastructure effects |
| title_fullStr | Paving streets for the poor: experimental analysis of infrastructure effects |
| title_full_unstemmed | Paving streets for the poor: experimental analysis of infrastructure effects |
| title_short | Paving streets for the poor: experimental analysis of infrastructure effects |
| title_sort | paving streets for the poor experimental analysis of infrastructure effects |
| work_keys_str_mv | AT quintanadomequec pavingstreetsforthepoorexperimentalanalysisofinfrastructureeffects AT gonzaleznavarrom pavingstreetsforthepoorexperimentalanalysisofinfrastructureeffects |