Abstract
This paper will show the impact of the extension of the Hokuriku Shinkansen from Kanazawa Station to Tsuruga
Station by estimating land price trends. Specifically, the MGWR （Multiscale Geographically Weighted Regression）
model was used to analyze land price trends using official land price data every five years from 1995 to 2024. The
public land price was used as the dependent variable, while land area, distance to the nearest station, and plot-area
ratio were used as explanatory variables.
It is common in smaller cities for companies and other businesses to be located in the suburbs. This means that
public transportation use is comparatively low. What is more, the way people shop has changed significantly over
the past quarter of a century, with more people using edge-of-town shopping malls rather than shops around the
station. Station areas do not now have the same economic influence that they used to. Local land prices around
stations associated with the Shinkansen extension have been raised, but this was not the case with Kanazawa
Station and others.
