IDEAS home Printed from https://ideas.repec.org/a/jre/issued/v37n32015p321-342.html
   My bibliography  Save this article

Modeling The Effects Of Refinery Emissions On Residential Property Values

Author

Listed:
  • Robert A. Simons

    (Cleveland State University)

  • Youngme Seo

    (Univ.of. Arkansas-LR)

  • Paul Rosenfeld

    (SWAPE, LA, CA)

Abstract

This research studied the effects of refinery air pollution on house prices near Houston, Texas. The affected area was identified through AERMOD air modeling of past releases of sulfur dioxide, a proxy for respiratory risk. A total of 3,964 residential MLS sales from 2006-2011 were used to populate an OLS model, a spatial model, and a spatial model with an additional endogenous variable. Findings indicate that air pollution has a significant negative 6-8% loss on house prices. For one year, the negative effect is shown to generally diminish with distance up to about two miles from the refinery.

Suggested Citation

  • Robert A. Simons & Youngme Seo & Paul Rosenfeld, 2015. "Modeling The Effects Of Refinery Emissions On Residential Property Values," Journal of Real Estate Research, American Real Estate Society, vol. 37(3), pages 321-342.
    • Handle: RePEc:jre:issued:v:37:n:3:2015:p:321-342
    as

    Download full text from publisher

    File URL: http://pages.jh.edu/jrer/papers/pdf/past/vol37n03/9847-01.321_342.pdf
    File Function: Full text
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Youngme Seo, 2020. "Varying Effects of Urban Tree Canopies on Residential Property Values across Neighborhoods," Sustainability, MDPI, vol. 12(10), pages 1-19, May.
    2. Qinna Zhao & Robert A. Simons & Zhong Fen, 2016. "The Effect of Three Incineration Plants on Residential Property Values in Hangzhou, China," International Real Estate Review, Global Social Science Institute, vol. 19(4), pages 515-546.
    3. Jie Chen & Haiyong Zhang & Qian Zhou, 2021. "Rule by Law, Law-Based Governance, and Housing Prices: The Case of China," Land, MDPI, vol. 10(6), pages 1-22, June.
    4. Kinnon, Michael Mac & Zhu, Shupeng & Carreras-Sospedra, Marc & Soukup, James V. & Dabdub, Donald & Samuelsen, G.S. & Brouwer, Jacob, 2019. "Considering future regional air quality impacts of the transportation sector," Energy Policy, Elsevier, vol. 124(C), pages 63-80.
    5. Talat Munshi, 2020. "Accessibility, Infrastructure Provision and Residential Land Value: Modelling the Relation Using Geographic Weighted Regression in the City of Rajkot, India," Sustainability, MDPI, vol. 12(20), pages 1-16, October.

    More about this item

    JEL classification:

    • L85 - Industrial Organization - - Industry Studies: Services - - - Real Estate Services

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:jre:issued:v:37:n:3:2015:p:321-342. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: JRER Graduate Assistant/Webmaster (email available below). General contact details of provider: http://www.aresnet.org/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.