A Spatial Econometric Analysis of the Aerotropolis Atlanta

Author:

Kim Seongsu David1ORCID,Carswell Andrew T.2

Affiliation:

1. Department of Accounting, Finance, and Economics, College of Business Administration & Public Policy, California State University Dominguez Hills, USA

2. Department of Financial Planning, Housing, and Consumer Economics, College of Family and Consumer Sciences, University of Georgia, USA

Abstract

Following the public-private collaborative partnership announcement in 2014, the Aerotropolis of the Hartsfield-Jackson Atlanta International Airport gathered much attention. This study conducts a spatiotemporal analysis using a difference-in-differences analysis on similar properties sold before and after this announcement, set apart by the location respective to the Aerotropolis border. The result shows a higher price appreciation of properties inside the border sold in the postannouncement period, which shows evidence of a positive externality effect of this policy initiative.

Publisher

SAGE Publications

Reference41 articles.

1. Aerotropolis Atlanta Community Improvement District (AACID). 2019. “2014-2019 Annual Report of the Atlanta Community Improvement District.” Retrieved from https://issuu.com/aerotropolisatlanta/docs/2019_aacids_online_version_annual_report

2. Mostly Harmless Econometrics

3. Seeding growth at airports and airport cities: Insights from the two-sided market literature

4. The Airport City Phenomenon: Evidence from Large US Airports

5. Spatial Econometrics: Methods and Models

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