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http://dx.doi.org/10.12652/Ksce.2022.42.2.0273

Effect of University Closure on the Prices of Nearby Apartments -In the Case of Dong-Pusan College-  

Kim, Min Kyu (Pusan National University)
Kim, Hyunsoo (Urban Affairs Institute, Pusan National University)
Choi, Yeol (Pusan National University)
Publication Information
KSCE Journal of Civil and Environmental Engineering Research / v.42, no.2, 2022 , pp. 273-279 More about this Journal
Abstract
In a recent decade, university closures have been a critical regional issue as a total of 17 universities have been closed while many more are facing closure in Korea. The local impact of university closures in the regions with declining populations has been far more detrimental and considered as one of the significant factors of the declining local economy, especially in the neighboring residential sectors. This study has taken an empirical approach to investigate the local impact of university closure on the housing market through a case of Dong-Pusan College in Busan, Korea. The study utilized Difference-in-Difference (DiD) to analyze the housing prices in proximity to the university and identified several factors associated with the local decline in the housing market in relation to university closure.
Keywords
University closure; Housing market; Neighborhood environment; Regional Economy; Difference-In-Difference (DiD);
Citations & Related Records
Times Cited By KSCI : 1  (Citation Analysis)
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