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.
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Kim et al. (2024) studied this question.
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