Aviation Discontinuity and Regional House Prices: A Quasi-Experiment in New Zealand
Year: 2024
Type: article
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.
Author: Thanh Ngo
Institutions: VNU University of Economics and Business, Massey University
Language: English
Topic: Housing Market and Economics
Subfield: Economics and Econometrics
Domain: Social Sciences
Open Access status: hybrid
OpenAlex ID: W4403329429