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Impacts of airport traffic volumes on house prices of New Zealand’s major regions: A panel data approach

Journal Article


Abstract


  • 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.

UOW Authors


  •   Tsui, Wai Hong Kan (external author)
  •   Tan, David
  •   Shi, Song (external author)

Publication Date


  • 2017

Citation


  • Tsui, W., Tan, D. & Shi, S. (2017). Impacts of airport traffic volumes on house prices of New Zealand’s major regions: A panel data approach. Urban Studies, 54 (12), 2800-2817.

Scopus Eid


  • 2-s2.0-85027854227

Has Global Citation Frequency


Number Of Pages


  • 17

Start Page


  • 2800

End Page


  • 2817

Volume


  • 54

Issue


  • 12

Place Of Publication


  • United Kingdom

Abstract


  • 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.

UOW Authors


  •   Tsui, Wai Hong Kan (external author)
  •   Tan, David
  •   Shi, Song (external author)

Publication Date


  • 2017

Citation


  • Tsui, W., Tan, D. & Shi, S. (2017). Impacts of airport traffic volumes on house prices of New Zealand’s major regions: A panel data approach. Urban Studies, 54 (12), 2800-2817.

Scopus Eid


  • 2-s2.0-85027854227

Has Global Citation Frequency


Number Of Pages


  • 17

Start Page


  • 2800

End Page


  • 2817

Volume


  • 54

Issue


  • 12

Place Of Publication


  • United Kingdom