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Erscheinungsjahr: 
2023
Schriftenreihe/Nr.: 
ADB Economics Working Paper Series No. 702
Verlag: 
Asian Development Bank (ADB), Manila
Zusammenfassung: 
We study the interaction between transit improvements and land use policies in the context of Bengaluru, one of India's largest cities. The city inaugurated a metro system in 2011. Yet it has low building heights even near metro stations, reflecting low floor-area ratio limits. We construct a rich dataset that includes information on travel times between 198 wards, parcel-level land use, and building heights from satellite images. We then build a quantitative spatial model where heterogeneous workers choose among different commuting modes. The simulations show that the metro system increases citywide output and welfare, even net of costs. However, the net gains are several times larger when floor-area ratio limits are relaxed near metro stations (transitoriented development) or in the city center. Moreover, the metro and transit-oriented development are complementary-their joint effect on incomes, prices, and welfare is greater than the combined effect of the two policies implemented separately.
Schlagwörter: 
urban
transit
land use
building heights
transportation
transit-oriented development
spatial equilibrium
development
India
JEL: 
R31
R33
R41
R42
R52
Persistent Identifier der Erstveröffentlichung: 
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Dokumentart: 
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