Valuing the "green" amenities in a spatial context

Wu, W. and Dong, G. (2014) Valuing the "green" amenities in a spatial context. Journal of Regional Science, 54(4), pp. 569-585. (doi:10.1111/jors.12099)

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Publisher's URL: http://dx.doi.org/10.1111/jors.12099

Abstract

Despite extensive public infrastructure spending, little is known about the benefits of access to “green amenities” like parks within cities. This paper uses spatial econometric methods to estimate the value of proximity to parks using land markets in a Chinese megacity. Our research design captures mechanisms of spatial interaction effects and highlights the importance of avoiding the biases inherent in the traditional valuation approach. Our results suggest that land adjacent to parks is significantly valued by land developers and that these valuations are not distributed evenly over space. Our evidence provides support for considering locations in explaining the amenity value differentials that are grounded in the social, economic, and local contextual forces at stake.

Item Type:Articles
Status:Published
Refereed:Yes
Glasgow Author(s) Enlighten ID:Wu, Dr Wenjie
Authors: Wu, W., and Dong, G.
College/School:College of Social Sciences > School of Social and Political Sciences > Urban Studies
Journal Name:Journal of Regional Science
Publisher:Wiley
ISSN:0022-4146
ISSN (Online):1467-9787

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Project CodeAward NoProject NamePrincipal InvestigatorFunder's NameFunder RefLead Dept
647681Evolution Law and Optimized Regulation Mechanism of Human Settlement in Rapid Urbanization Region of ChinaWenjie WuThe National Natural Science Foundation of China (NSFC)41230632SPS - URBAN STUDIES