With the rise of the importance of air transportation in the 21st centuries, the role of economics in airport planning and decision-making has become more important to the urban structure and land value around it. The relationship between the airport and land value in urban areas has attracted more attention from academic researchers. However, there has been little research on the factors that affect the prices of land relatively to the airport location.
Using New Bangkok International Airport (Suvarnabhumi International Airport) as a case study, this dissertation applied Alonso's bid rent model explaining the relationship between an airport and its distribution to the urban land values. In addition, it developed a hedonic pricing model to determine the influential factors that reflect on the prices of land over four time periods of airport development (before airport development, after the airport site proposed, during airport construction, and after the opening of the airport).
The statistical analysis results confirm that Alonso's model can be used to explain the impact of the new airport only for the northeast quadrant, while proximity to the airport showed the inverse relationship with the land value of all six types of land use activities through four periods of time. In addition, the empirical results of the hedonic model confirm that the presence of the airport consistently affected land value for all types of land use activities for three quadrants (northwest, northeast, and southwest). The distance to the Bangkok CBD has a strong relationship to the land values through four time periods for the northwest quadrant. Also, the distance to transportation networks, such as main streets and Bang-Na Trad highway, became important factors affecting urban land value for all four quadrants through four periods of time.
The findings of this dissertation are not only useful for an understanding the impacts of the airport on urban land value in Thailand, but also valuable to regional and urban development for real estate developers, policy makers, and the Thai government to provide an appropriate plan for future developments in the airport area. Furthermore, the analytical methods and the empirical results of this dissertation can be applied to estimate the impacts of other public projects, such as subway stations, airport-link terminal, sport stadium, and marinas, on the urban land value.
|Commitee:||Janson, Bruce, Kaewlai, Peeradorn, McAndrews, Carolyn|
|School:||University of Colorado at Denver|
|Department:||Design and Planning|
|School Location:||United States -- Colorado|
|Source:||DAI-A 74/09(E), Dissertation Abstracts International|
|Subjects:||Environmental economics, Land Use Planning, Transportation planning, Urban planning|
|Keywords:||Airport development, Airport distribution, Airport planning economics, New Bangkok Airport, Suvarnabhumi Airport, Thailand, Urban land value|
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