The Role of Built, Human, Social, and Natural Capital in Determining Land Values, and the Influence of Demographics upon this Relationship
AbstractAbstract We use various statistical methods to compare the extent to which different households are willing to invest in and pay for access to four types of capital—built, human, natural, and social. We further assess to what extent such preferences can be predicted by a measure of neighbourhood demographics. We develop indicators for each of the four types of capital at the census block group level for Baltimore, MD, USA. We use analysis of variance to examine differences in these indicators between demographic groups and multiple linear regression to examine the influence on unimproved land values of the four types of capital.
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Bibliographic InfoArticle provided by Taylor & Francis Journals in its journal Spatial Economic Analysis.
Volume (Year): 2 (2007)
Issue (Month): 2 ()
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Find related papers by JEL classification:
- R14 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Land Use Patterns
- R32 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Other Spatial Production and Pricing Analysis
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