Aviation Discontinuity and Regional House Prices: A Quasi-Experiment in New Zealand
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Date
2024-10-11
Open Access Location
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Taylor and Francis Group
Rights
(c) 2024 The Author/s
CC BY-NC-ND 4.0
CC BY-NC-ND 4.0
Abstract
Although there is evidence that more regional airport activities can increase regional house prices, no study has examined the relevant impacts of aviation discontinuity. My unique quasi-experiment data comes from New Zealand where Jetstar withdrew its domestic services from four airports/regions in December 2019. The synthetic control method (SCM)'s results reveal that the withdrawal created different impacts on the house prices of the regions involved, in which the overall effect was negative in the short run but the housing market in New Zealand has recovered in the long run.
Description
Keywords
Airline, airport, discontinuity, regional house price, Synthetic control method (SCM)
Citation
Ngo T. (2024). Aviation Discontinuity and Regional House Prices: A Quasi-Experiment in New Zealand. International Journal of the Economics of Business. Latest Articles. (pp. 1-24).