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Sunday, 16 August 2015

THE EFFECT OF ACCESSIBILTY ON THE CHOICE OF RESIDENTIAL PROPERTY IN OFFA METROPOLIS

ABSTRACT
Accessibility is a fundamental concept in theories of metropolitan spatial structure. Urban economic models explain urban structure as a function of access to jobs; accessibility is capitalized into land values, which in turn explain the population distribution. Studies of residential land values show that many factors contribute to the value of a given`location: the characteristics of the housing unit, its location with respect to social and environmental amenities, as well as access to jobs, services and other economic opportunities.

Empirical studies typically use job access as a proxy for more generalized access to economic activities. However, jobs represent many different activities, from retail shopping to heavy manufacturing, and the value of access to these activities may be positive or negative. In this paper, accessibility measures based on industry sectors have been developed, allowing the separating out of possible different effects.
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