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Valuing The “Green” Amenities In A Spatial Context

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  • Anping Chen
  • Marlon Boarnet
  • Mark Partridge
  • Wenjie Wu
  • Guanpeng Dong

Abstract

type="main"> 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.

Suggested Citation

  • Anping Chen & Marlon Boarnet & Mark Partridge & Wenjie Wu & Guanpeng Dong, 2014. "Valuing The “Green” Amenities In A Spatial Context," Journal of Regional Science, Wiley Blackwell, vol. 54(4), pages 569-585, September.
    • Handle: RePEc:bla:jregsc:v:54:y:2014:i:4:p:569-585
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    References listed on IDEAS

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    3. Nick Bailey & Guanpeng Dong & Jon Minton & Gwilym Pryce, 2018. "Reconsidering the Relationship between Air Pollution and Deprivation," IJERPH, MDPI, vol. 15(4), pages 1-17, March.
    4. Wenjie Wu & Guanpeng Dong & Wenzhong Zhang, 2017. "The puzzling heterogeneity of amenity capitalization effects on land markets," Papers in Regional Science, Wiley Blackwell, vol. 96, pages 135-153, March.
    5. Dominique Peeters & Geoffrey Caruso & Jean Cavailhès & Isabelle Thomas & Pierre Frankhauser & Gilles Vuidel, 2015. "Emergence Of Leapfrogging From Residential Choice With Endogenous Green Space: Analytical Results," Journal of Regional Science, Wiley Blackwell, vol. 55(3), pages 491-512, June.
    6. Wenjie Wu & Guanpeng Dong & Bing Wang, 2015. "Does Planning Matter? Effects on Land Markets," The Journal of Real Estate Finance and Economics, Springer, vol. 50(2), pages 242-269, February.

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