1{2 "record_id": "1908d2ee0b0995f38129f51d7446a3626531b8d6",3 "eligible": true,4 "exclusion_reason": null,5 "study": {6 "title": "Mind the Anticipation Gap: A Difference-in-Differences Analysis of the Elizabeth Line's Impact on London Housing Prices",7 "year": 2026,8 "doi": "10.67913/vner/2026.1.1.1",9 "country": "United Kingdom",10 "region_city": "Greater London and outer boroughs with Elizabeth Line stations",11 "sample_start": 2000,12 "sample_end": 2024,13 "property_type": "mixed",14 "price_type": "transaction",15 "data_source": "UK HM Land Registry price paid transactions 2000-2024 (1,602,487 transactions)",16 "document_type": "journal",17 "estimators": [18 "FE_panel"19 ],20 "spatial_method": "none (property fixed effects; distance bands to stations)",21 "time_fe": true,22 "location_fe": true,23 "se_type": "clustered",24 "n_obs_total": 1602487,25 "ai_methods": [],26 "notes": "Vietnamese Economic Review. Difference-in-differences with property and year fixed effects: the only characteristic-related coefficients are treatment-by-post interactions for distance bands to Elizabeth Line stations (mapped to transit_distance with x_transform 'other'); no structural characteristics are estimated (time-invariant, absorbed by property FE). Macroeconomic controls (inflation, interest rate, GDP growth) and the RE property-type coefficients quoted in text (section 5.4) not extracted. No significance stars; clustered SEs at property level in parentheses; p-values recorded only where stated in the text. Suitable for the transit/infrastructure capitalisation subset only, not for structural pooling."27 },28 "models": [29 {30 "model_id": "T2-c1",31 "table": "2",32 "column": "1 Binary",33 "page": 8,34 "dep_var": "ln(nominal sale price), GBP",35 "dep_transform": "log",36 "estimator": "FE_panel",37 "n_obs": 541796,38 "r2": null,39 "se_or_t_in_parentheses": "se",40 "sample_subset": "Construction window 2000-2015, Post=1 from 2007; treated = within 2 km of an Elizabeth Line station; property and year FE; macro controls (inflation, interest rate, GDP growth) not extracted"41 },42 {43 "model_id": "T2-c2",44 "table": "2",45 "column": "2 Distance bands",46 "page": 8,47 "dep_var": "ln(nominal sale price), GBP",48 "dep_transform": "log",49 "estimator": "FE_panel",50 "n_obs": 541796,51 "r2": null,52 "se_or_t_in_parentheses": "se",53 "sample_subset": "Construction window 2000-2015, Post=1 from 2007; distance-band indicators x Post, reference > 10 km; property and year FE"54 },55 {56 "model_id": "T3-c1",57 "table": "3",58 "column": "1 Binary",59 "page": 10,60 "dep_var": "ln(nominal sale price), GBP",61 "dep_transform": "log",62 "estimator": "FE_panel",63 "n_obs": 170093,64 "r2": null,65 "se_or_t_in_parentheses": "se",66 "sample_subset": "Opening window 2016-2024, Post=1 from 2022; treated = within 2 km; property and year FE"67 },68 {69 "model_id": "T3-c2",70 "table": "3",71 "column": "2 Distance bands",72 "page": 10,73 "dep_var": "ln(nominal sale price), GBP",74 "dep_transform": "log",75 "estimator": "FE_panel",76 "n_obs": 170093,77 "r2": null,78 "se_or_t_in_parentheses": "se",79 "sample_subset": "Opening window 2016-2024, Post=1 from 2022; distance bands x Post, reference > 10 km; property and year FE"80 },81 {82 "model_id": "T4-c1",83 "table": "4",84 "column": "1 Construction",85 "page": 11,86 "dep_var": "ln(nominal sale price), GBP",87 "dep_transform": "log",88 "estimator": "FE_panel",89 "n_obs": 541796,90 "r2": null,91 "se_or_t_in_parentheses": "se",92 "sample_subset": "Heterogeneity by pre-existing TfL access, construction phase 2007-2015; property and year FE, macro and amenity controls"93 },94 {95 "model_id": "T4-c2",96 "table": "4",97 "column": "2 Opening",98 "page": 11,99 "dep_var": "ln(nominal sale price), GBP",100 "dep_transform": "log",101 "estimator": "FE_panel",102 "n_obs": 170093,103 "r2": null,104 "se_or_t_in_parentheses": "se",105 "sample_subset": "Heterogeneity by pre-existing TfL access, opening phase 2022-2024; property and year FE, macro and amenity controls"106 }107 ],108 "coefficients": [109 {110 "model_id": "T2-c1",111 "var_name_printed": "Treated × Construction",112 "taxonomy_id": "transit_distance",113 "x_transform": "other",114 "x_unit": "binary",115 "beta": -0.003,116 "se": 0.002,117 "t": null,118 "p": 0.063,119 "p_stars": "",120 "ci_lo": null,121 "ci_hi": null,122 "page": 8,123 "confidence": "high",124 "notes": "DiD interaction (treatment-by-post); not a cross-sectional hedonic characteristic; within 2 km of Elizabeth Line station x construction period (2007-2015); p=0.063 reported in text"125 },126 {127 "model_id": "T2-c2",128 "var_name_printed": "Within 1 km × Construction",129 "taxonomy_id": "transit_distance",130 "x_transform": "other",131 "x_unit": "binary",132 "beta": 0.049,133 "se": 0.003,134 "t": null,135 "p": null,136 "p_stars": "",137 "ci_lo": null,138 "ci_hi": null,139 "page": 8,140 "confidence": "high",141 "notes": "DiD interaction (treatment-by-post); not a cross-sectional hedonic characteristic; within 1 km band x construction period, ref > 10 km; text: significant at 1%"142 },143 {144 "model_id": "T2-c2",145 "var_name_printed": "1–2 km × Construction",146 "taxonomy_id": "transit_distance",147 "x_transform": "other",148 "x_unit": "binary",149 "beta": 0.053,150 "se": 0.002,151 "t": null,152 "p": null,153 "p_stars": "",154 "ci_lo": null,155 "ci_hi": null,156 "page": 8,157 "confidence": "high",158 "notes": "DiD interaction (treatment-by-post); not a cross-sectional hedonic characteristic; 1-2 km band x construction period; text: significant at 1%"159 },160 {161 "model_id": "T2-c2",162 "var_name_printed": "2–5 km × Construction",163 "taxonomy_id": "transit_distance",164 "x_transform": "other",165 "x_unit": "binary",166 "beta": 0.081,167 "se": 0.002,168 "t": null,169 "p": null,170 "p_stars": "",171 "ci_lo": null,172 "ci_hi": null,173 "page": 8,174 "confidence": "high",175 "notes": "DiD interaction (treatment-by-post); not a cross-sectional hedonic characteristic; 2-5 km band x construction period; text: significant at 1%"176 },177 {178 "model_id": "T2-c2",179 "var_name_printed": "5–10 km × Construction",180 "taxonomy_id": "transit_distance",181 "x_transform": "other",182 "x_unit": "binary",183 "beta": 0.077,184 "se": 0.002,185 "t": null,186 "p": null,187 "p_stars": "",188 "ci_lo": null,189 "ci_hi": null,190 "page": 8,191 "confidence": "high",192 "notes": "DiD interaction (treatment-by-post); not a cross-sectional hedonic characteristic; 5-10 km band x construction period; text: significant at 1%"193 },194 {195 "model_id": "T3-c1",196 "var_name_printed": "Treated × Opening",197 "taxonomy_id": "transit_distance",198 "x_transform": "other",199 "x_unit": "binary",200 "beta": -0.014,201 "se": 0.004,202 "t": null,203 "p": 0.001,204 "p_stars": "",205 "ci_lo": null,206 "ci_hi": null,207 "page": 10,208 "confidence": "high",209 "notes": "DiD interaction (treatment-by-post); not a cross-sectional hedonic characteristic; within 2 km x post-opening (2022-2024); p=0.001 reported in text"210 },211 {212 "model_id": "T3-c2",213 "var_name_printed": "Within 1 km × Opening",214 "taxonomy_id": "transit_distance",215 "x_transform": "other",216 "x_unit": "binary",217 "beta": -0.02,218 "se": 0.007,219 "t": null,220 "p": 0.005,221 "p_stars": "",222 "ci_lo": null,223 "ci_hi": null,224 "page": 10,225 "confidence": "high",226 "notes": "DiD interaction (treatment-by-post); not a cross-sectional hedonic characteristic; within 1 km band x post-opening; p=0.005 in text"227 },228 {229 "model_id": "T3-c2",230 "var_name_printed": "1–2 km × Opening",231 "taxonomy_id": "transit_distance",232 "x_transform": "other",233 "x_unit": "binary",234 "beta": -0.012,235 "se": 0.005,236 "t": null,237 "p": 0.024,238 "p_stars": "",239 "ci_lo": null,240 "ci_hi": null,241 "page": 10,242 "confidence": "high",243 "notes": "DiD interaction (treatment-by-post); not a cross-sectional hedonic characteristic; 1-2 km band x post-opening; p=0.024 in text"244 },245 {246 "model_id": "T3-c2",247 "var_name_printed": "2–5 km × Opening",248 "taxonomy_id": "transit_distance",249 "x_transform": "other",250 "x_unit": "binary",251 "beta": -0.001,252 "se": 0.004,253 "t": null,254 "p": null,255 "p_stars": "",256 "ci_lo": null,257 "ci_hi": null,258 "page": 10,259 "confidence": "high",260 "notes": "DiD interaction (treatment-by-post); not a cross-sectional hedonic characteristic; 2-5 km band x post-opening; text: not significant"261 },262 {263 "model_id": "T3-c2",264 "var_name_printed": "5–10 km × Opening",265 "taxonomy_id": "transit_distance",266 "x_transform": "other",267 "x_unit": "binary",268 "beta": -0.003,269 "se": 0.004,270 "t": null,271 "p": null,272 "p_stars": "",273 "ci_lo": null,274 "ci_hi": null,275 "page": 10,276 "confidence": "high",277 "notes": "DiD interaction (treatment-by-post); not a cross-sectional hedonic characteristic; 5-10 km band x post-opening; text: not significant"278 },279 {280 "model_id": "T4-c1",281 "var_name_printed": "Treated × Post",282 "taxonomy_id": "transit_distance",283 "x_transform": "other",284 "x_unit": "binary",285 "beta": -0.038,286 "se": 0.004,287 "t": null,288 "p": null,289 "p_stars": "",290 "ci_lo": null,291 "ci_hi": null,292 "page": 11,293 "confidence": "high",294 "notes": "DiD interaction (treatment-by-post); not a cross-sectional hedonic characteristic; within 2 km x post, for properties without prior TfL access (TfL=0); text: p<0.001"295 },296 {297 "model_id": "T4-c1",298 "var_name_printed": "TfL × Post",299 "taxonomy_id": "transit_distance",300 "x_transform": "other",301 "x_unit": "binary",302 "beta": 0.105,303 "se": 0.001,304 "t": null,305 "p": null,306 "p_stars": "",307 "ci_lo": null,308 "ci_hi": null,309 "page": 11,310 "confidence": "high",311 "notes": "DiD interaction (treatment-by-post); not a cross-sectional hedonic characteristic; within 1 km of a non-Elizabeth TfL station x post (construction)"312 },313 {314 "model_id": "T4-c1",315 "var_name_printed": "Treated × TfL × Post",316 "taxonomy_id": "transit_distance",317 "x_transform": "other",318 "x_unit": "binary",319 "beta": 0.021,320 "se": 0.006,321 "t": null,322 "p": null,323 "p_stars": "",324 "ci_lo": null,325 "ci_hi": null,326 "page": 11,327 "confidence": "high",328 "notes": "DiD interaction (treatment-by-post); not a cross-sectional hedonic characteristic; triple interaction treated x prior TfL access x post; text: p<0.001"329 },330 {331 "model_id": "T4-c2",332 "var_name_printed": "Treated × Post",333 "taxonomy_id": "transit_distance",334 "x_transform": "other",335 "x_unit": "binary",336 "beta": -0.021,337 "se": 0.01,338 "t": null,339 "p": null,340 "p_stars": "",341 "ci_lo": null,342 "ci_hi": null,343 "page": 11,344 "confidence": "high",345 "notes": "DiD interaction (treatment-by-post); not a cross-sectional hedonic characteristic; within 2 km x post-opening, properties without prior TfL access"346 },347 {348 "model_id": "T4-c2",349 "var_name_printed": "TfL × Post",350 "taxonomy_id": "transit_distance",351 "x_transform": "other",352 "x_unit": "binary",353 "beta": -0.034,354 "se": 0.003,355 "t": null,356 "p": null,357 "p_stars": "",358 "ci_lo": null,359 "ci_hi": null,360 "page": 11,361 "confidence": "high",362 "notes": "DiD interaction (treatment-by-post); not a cross-sectional hedonic characteristic; within 1 km of a non-Elizabeth TfL station x post (opening)"363 },364 {365 "model_id": "T4-c2",366 "var_name_printed": "Treated × TfL × Post",367 "taxonomy_id": "transit_distance",368 "x_transform": "other",369 "x_unit": "binary",370 "beta": 0.015,371 "se": 0.013,372 "t": null,373 "p": 0.25,374 "p_stars": "",375 "ci_lo": null,376 "ci_hi": null,377 "page": 11,378 "confidence": "high",379 "notes": "DiD interaction (treatment-by-post); not a cross-sectional hedonic characteristic; triple interaction; p=0.25 in text"380 }381 ]382}