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Does public transit use increase the economic efficiency of urban areas?

机译:公共交通的使用是否会提高城市地区的经济效率?

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This paper explores the relationship between the scale of public transit services in urban areas of the U.S. and the efficiency of those economies, with efficiency measured by commercial office rents. Panel regressions are estimated in which real office rent is the left-hand variable. The key right-hand variable is per capita transit use. Other right-hand variables include demand for office space, office vacancy rate, average real wage and unemployment rate. Two-stage least squares equations are estimated to deal with possible simultaneity between office rents and transit use. Results indicate a positive relationship between public transit use and office rents. The relationship is stronger in areas with higher concentrations of office space in the central busines district; however, the estimated dollar impact of transit use on office rents is small.
机译:本文探讨了美国城市地区的公共交通服务规模与这些经济体的效率之间的关系,并以商业办公室租金来衡量效率。估计面板回归时,实际办公室租金是左手变量。关键的右侧变量是人均过境使用量。其他右侧变量包括对办公室空间的需求,办公室空缺率,平均实际工资和失业率。估计了两阶段最小二乘方程,以处理办公室租金和公交使用之间可能的同时性。结果表明,公共交通使用与办公室租金之间存在正相关关系。在中央商务区办公空间集中的地区,这种关系更加牢固;但是,过境对办公室租金的美元影响估计很小。

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