Research Article

Housing Price Appreciation Effects of Elevator Installation in Old Residential Areas: Empirical Evidence Based on a Multiperiod DID Model

Table 1

The mesodimensional control variables and their quantification.

Variable namesVariable descriptionsVariable quantifications

SubwayDistance to the nearest subway station (straight-line distance)Within 500 m is assigned 5, 500–1000 m is assigned 4, 1-2 km is assigned 3, 2-3 km is assigned 2, and over 3 km is assigned 1
BusDistance to the nearest bus stop (straight-line distance)Within 200 m is assigned 3, 200–500 m is assigned 2, and above 500 m is assigned 1
HospitalDistance to the nearest tertiary hospital (distance through vehicle)Within 1 km is assigned 4, 1–3 km is assigned 3, 3–5 km is assigned 2, and above 5 km is assigned 1
ParkDistance to the nearest park (straight-line distance)Within 1 km is assigned 4, 1-2 km is assigned 3, 2-3 km is assigned 2, and above 5 km is assigned 1
MarketDistance to the nearest market (straight-line distance)Within 500 m is assigned 4, 500 m–1 km is assigned 3, 1-2 km is assigned 2, and above 2 km is assigned 1
SupermarketDistance to the nearest supermarket (straight-line distance)Within 200 m is assigned 3, 200–500 m is assigned 2, and above 500 m is assigned 1
SchoolNumber of first-class primary schools in the administrative areaNumber of first-class primary schools
TiananmenDistance to Tiananmen square (straight-line distance, kilometers)
GovernmentDistance to city hall (straight-line distance, kilometers)
CBDDistance to the nearest CBD (straight-line distance, kilometers)