Please use this identifier to cite or link to this item: https://scholarbank.nus.edu.sg/handle/10635/228221
Title: ESTIMATING THE VALUE OF HIGHWAY NOISE BARRIERS USING A DIFFERENCE IN DIFFERENCE APPROACH.
Authors: ONG LIWEN
Keywords: Property price
Noise barriers
Highway
Difference-in-differences
Issue Date: 4-Apr-2022
Citation: ONG LIWEN (2022-04-04). ESTIMATING THE VALUE OF HIGHWAY NOISE BARRIERS USING A DIFFERENCE IN DIFFERENCE APPROACH.. ScholarBank@NUS Repository.
Abstract: Noise pollution is a growing problem that has a significant negative impact on people’s health. This study aims to empirically estimate the value highway noise barriers bring to residential property owners in Singapore, which is reflected in property prices. Using the Land Transport Authority’s (LTA) trial of noise barriers along 4 stretches of highways as a quasi-experiment, the difference-in-differences (DID) approach is used to study the difference in the change in residential property prices before and after the announcement of the trial, between properties affected by the trial and properties that are unaffected by it. This paper finds a significant increase in housing prices of between 4.5% to 12.4% among properties within 400m of the noise barriers at 2 out of the 4 trial sites, suggesting that property owners value the reduction in noise levels brought about by the installation of noise barriers.
URI: https://scholarbank.nus.edu.sg/handle/10635/228221
Appears in Collections:Bachelor's Theses

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