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dc.titleThe Impact of Upgrading Municipal Infrastructure on Property Prices: Evidence from Brazil
dc.contributor.authorAcevedo, Paloma
dc.contributor.authorHobbs, Jason
dc.contributor.authorMartinez, Sebastian
dc.contributor.orgunitOffice of Strategic Planning and Development Effectiveness
dc.contributor.orgunitClimate Change and Sustainable Development Sector
dc.coverageBrazil
dc.date.available2017-05-05T00:00:00
dc.date.issue2017-05-05T00:00:00
dc.description.abstractWe evaluate the effects of municipal infrastructure upgrades on property prices in the Municipality of Campo Grande, Brazil. Using detailed administrative data on property characteristics and sales prices, we implement a differences-in-differences methodology that compares treated and comparison neighborhoods over time to estimate the effects of road infrastructure improvements and revitalization of urban parks. We find that road improvements are highly cost-effective, producing an increase of 6.1% in property prices which translate into a return of $4.25 per dollar invested. On the other hand, we find no effects of the urban parks intervention.
dc.format.extent23
dc.identifier.doihttp://dx.doi.org/10.18235/0009363
dc.identifier.urlhttps://publications.iadb.org/publications/english/document/The-Impact-of-Upgrading-Municipal-Infrastructure-on-Property-Prices-Evidence-from-Brazil.pdf
dc.language.isoen
dc.mediumAdobe PDF
dc.publisherInter-American Development Bank
dc.subjectUrban Renewal
dc.subjectHousing Price
dc.subjectUrban Infrastructure
dc.subjectInfrastructure Investment
dc.subjectUrban Transport
dc.subjectRoad Infrastructure
dc.subject.jelcodeD04 - Microeconomic Policy: Formulation, Implementation, and Evaluation
dc.subject.jelcodeH43 - Project Evaluation • Social Discount Rate
dc.subject.jelcodeL91 - Transportation: General
dc.subject.jelcodeO18 - Urban, Rural, Regional, and Transportation Analysis • Housing • Infrastructure
dc.subject.keywordsurban revitalization;municipal infrastructure upgrade;urban parks;property prices
idb.identifier.pubnumberTechnical Notes
idb.operationBR-L1104
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