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Amenity values of spatial configurations of forest landscapes over space and time in the Southern Appalachian Highlands

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Author Info

  • Cho, Seong-Hoon
  • Kim, Seung Gyu
  • Roberts, Roland K.
  • Jung, Suhyun

Abstract

This research analyzes amenity values of spatial configurations of forest landscapes over space and time in the Southern Appalachian Highlands using geographically weighted regression (GWR) in a hedonic housing-price framework with a census-block group (CBG) dataset. Results show that housing-price response to mean forest-patch size and forest-patch density increased substantially between 1990 and 2000 in a few specific areas with economically significant amenity values. The spatial and temporal dynamics of the resulting amenity-value estimates are evaluated for potential use as site-selection indicators for implementation of forest conservation programs.

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Bibliographic Info

Article provided by Elsevier in its journal Ecological Economics.

Volume (Year): 68 (2009)
Issue (Month): 10 (August)
Pages: 2646-2657

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Handle: RePEc:eee:ecolec:v:68:y:2009:i:10:p:2646-2657

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Web page: http://www.elsevier.com/locate/ecolecon

Related research

Keywords: Geographically weighed regression Hedonic analysis Southern Appalachian Highlands Spatial configuration of forest landscape;

References

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  1. Geoghegan, Jacqueline & Wainger, Lisa A. & Bockstael, Nancy E., 1997. "Spatial landscape indices in a hedonic framework: an ecological economics analysis using GIS," Ecological Economics, Elsevier, vol. 23(3), pages 251-264, December.
  2. Luc Anselin & Nancy Lozano-Gracia, 2008. "Errors in variables and spatial effects in hedonic house price models of ambient air quality," Empirical Economics, Springer, vol. 34(1), pages 5-34, February.
  3. Brent L. Mahan & BStephen Polasky & Richard M. Adams, 2000. "Valuing Urban Wetlands: A Property Price Approach," Land Economics, University of Wisconsin Press, vol. 76(1), pages 100-113.
  4. Czech, Brian, 2000. "Economic growth as the limiting factor for wildlife conservation," MPRA Paper 9038, University Library of Munich, Germany.
  5. Cho, Seong-Hoon & Poudyal, Neelam C. & Roberts, Roland K., 2008. "Spatial analysis of the amenity value of green open space," Ecological Economics, Elsevier, vol. 66(2-3), pages 403-416, June.
  6. Daniel P. McMillen, 2004. "Employment Densities, Spatial Autocorrelation, and Subcenters in Large Metropolitan Areas," Journal of Regional Science, Wiley Blackwell, vol. 44(2), pages 225-244.
  7. D. Strijker & F. Sijtsma & D. Wiersma, 2000. "Evaluation of Nature Conservation," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 16(4), pages 363-378, August.
  8. Seong-Hoon Cho & Christopher D. Clark & William M. Park & Seung Gyu Kim, 2009. "Spatial and Temporal Variation in the Housing Market Values of Lot Size and Open Space," Land Economics, University of Wisconsin Press, vol. 85(1), pages 51-73.
  9. Smith, V. Kerry & Poulos, Christine & Kim, Hyun, 2002. "Treating open space as an urban amenity," Resource and Energy Economics, Elsevier, vol. 24(1-2), pages 107-129, February.
  10. Starbuck, C.M.C. Meghan & Alexander, Susan J. & Berrens, Robert P. & Bohara, Alok K., 2004. "Valuing special forest products harvesting:: a two-step travel cost recreation demand analysis," Journal of Forest Economics, Elsevier, vol. 10(1), pages 37-53, May.
  11. Acharya, Gayatri & Bennett, Lynne Lewis, 2001. "Valuing Open Space and Land-Use Patterns in Urban Watersheds," The Journal of Real Estate Finance and Economics, Springer, vol. 22(2-3), pages 221-37, March-May.
  12. Shultz, Steven D & King, David A, 2001. "The Use of Census Data for Hedonic Price Estimates of Open-Space Amenities and Land Use," The Journal of Real Estate Finance and Economics, Springer, vol. 22(2-3), pages 239-52, March-May.
  13. Cho, Seong-Hoon & Newman, David H. & Bowker, J.M., 2005. "Measuring rural homeowners' willingness to pay for land conservation easements," Forest Policy and Economics, Elsevier, vol. 7(5), pages 757-770, August.
  14. Allen C. Goodman, 1977. "A Comparison of Block Group and Census Tract Data in a Hedonic Housing Price Model," Land Economics, University of Wisconsin Press, vol. 53(4), pages 483-487.
  15. Elena G. Irwin & Nancy E. Bockstael, 2001. "The Problem of Identifying Land Use Spillovers: Measuring the Effects of Open Space on Residential Property Values," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 83(3), pages 698-704.
  16. Antonio P�ez & Takashi Uchida & Kazuaki Miyamoto, 2002. "A general framework for estimation and inference of geographically weighted regression models: 2. Spatial association and model specification tests," Environment and Planning A, Pion Ltd, London, vol. 34(5), pages 883-904, May.
  17. Guo, Zhongwei & Xiao, Xiangming & Gan, Yaling & Zheng, Yuejun, 2001. "Ecosystem functions, services and their values - a case study in Xingshan County of China," Ecological Economics, Elsevier, vol. 38(1), pages 141-154, July.
  18. Yee Leung & Chang-Lin Mei & Wen-Xiu Zhang, 2000. "Testing for spatial autocorrelation among the residuals of the geographically weighted regression," Environment and Planning A, Pion Ltd, London, vol. 32(5), pages 871-890, May.
  19. S. L. Goodman & W. Seabrooke & S. A. Jaffry, 1998. "Considering Conservation Value in Economic Appraisals of Coastal Resources," Journal of Environmental Planning and Management, Taylor & Francis Journals, vol. 41(3), pages 313-336.
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Citations

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Cited by:
  1. Partridge, Mark D. & Rickman, Dan S., 2012. "Integrating regional economic development analysis and land use economics," MPRA Paper 38291, University Library of Munich, Germany.
  2. Hendee, Jacob T. & Flint, Courtney G., 2013. "Managing private forestlands along the public–private interface of Southern Illinois: Landowner forestry decisions in a multi-jurisdictional landscape," Forest Policy and Economics, Elsevier, vol. 34(C), pages 47-55.
  3. Waltert, Fabian & Schläpfer, Felix, 2010. "Landscape amenities and local development: A review of migration, regional economic and hedonic pricing studies," Ecological Economics, Elsevier, vol. 70(2), pages 141-152, December.
  4. Matthew Chadourne & Seong-Hoon Cho & Roland Roberts, 2013. "Identifying priority target areas for the Knoxville–Knox County hillside and ridgetop protection plan: using the value of visual amenity during the real estate boom of 2002–2007 and the recession ," The Annals of Regional Science, Springer, vol. 50(3), pages 911-934, June.

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