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Environmental value of green spaces in Japan: An application of the life satisfaction approach

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  • Tsurumi, Tetsuya
  • Managi, Shunsuke

Abstract

This study applies the Life Satisfaction Approach to evaluate green spaces in terms of its affluence, people's preference for greenery, and distance from people's houses. Data are derived from a survey of 2158 respondents in the two largest regions of Japan (Kanto and Kansai) and the green coverage rate is derived from Geographic Information System (GIS) data. The estimation results show that (1) people's marginal willingness to pay (WTP) for green space decreases as the current amount of green space increases; (2) they show how people's marginal WTP increases in proportion with their affection for it, the amount of interaction they have with it, their knowledge of its multiple functions, and the quality of greenery with which they normally come in contact; and (3) the results reveal the various marginal WTP values for green spaces in terms of distance from respondents' houses.

Suggested Citation

  • Tsurumi, Tetsuya & Managi, Shunsuke, 2015. "Environmental value of green spaces in Japan: An application of the life satisfaction approach," Ecological Economics, Elsevier, vol. 120(C), pages 1-12.
  • Handle: RePEc:eee:ecolec:v:120:y:2015:i:c:p:1-12
    DOI: 10.1016/j.ecolecon.2015.09.023
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    Cited by:

    1. Kubiszewski, Ida & Jarvis, Diane & Zakariyya, Nabeeh, 2019. "Spatial variations in contributors to life satisfaction: An Australian case study," Ecological Economics, Elsevier, vol. 164(C), pages 1-1.
    2. Ghimire, Ramesh & Ferreira, Susana & Green, Gary T. & Poudyal, Neelam C. & Cordell, H. Ken & Thapa, Janani R., 2017. "Green Space and Adult Obesity in the United States," Ecological Economics, Elsevier, vol. 136(C), pages 201-212.
    3. Fernandez, Cheryl Joy & Raitzer, David & Ginting , Edimon, 2019. "Potential Use of the Life Satisfaction Approach to Value Nonmarket Goods and Services," ADB Economics Working Paper Series 569, Asian Development Bank.
    4. Prayaga, Prabha, 2017. "Estimating the value of beach recreation for locals in the Great Barrier Reef Marine Park, Australia," Economic Analysis and Policy, Elsevier, vol. 53(C), pages 9-18.
    5. Erda Wang & Nannan Kang & Yang Yu, 2017. "Valuing Urban Landscape Using Subjective Well-Being Data: Empirical Evidence from Dalian, China," Sustainability, MDPI, Open Access Journal, vol. 10(1), pages 1-20, December.
    6. Kohei Imamura & Kohei Takenaka Takano & Nobuhito Mori & Tohru Nakashizuka & Shunsuke Managi, 2016. "Attitudes toward disaster-prevention risk in Japanese coastal areas: analysis of civil preference," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 82(1), pages 209-226, May.
    7. Knight, S.J; Howley, P.;, 2017. "Can clean air make you happy? Examining the effect of nitrogen dioxide (NO2) on life satisfaction," Health, Econometrics and Data Group (HEDG) Working Papers 17/08, HEDG, c/o Department of Economics, University of York.
    8. Vargas, Andrés & Roldán, Paola, 2018. "Ni muy cerca ni muy lejos: parques urbanos y bienestar subjetivo en la ciudad de Barranquilla, Colombia," Revista Lecturas de Economía, Universidad de Antioquia - CIE, issue 88, pages 183-205, January.
    9. Andrés Vargas & Paola Roldán, 2018. "Not too close, not too far: urban parks and subjective well-being in the city of Barranquilla, Colombia," Lecturas de Economía, Universidad de Antioquia, Departamento de Economía, issue 88, pages 183-205, Enero - J.
    10. Tsurumi, Tetsuya & Imauji, Atsushi & Managi, Shunsuke, 2018. "Greenery and Subjective Well-being: Assessing the Monetary Value of Greenery by Type," Ecological Economics, Elsevier, vol. 148(C), pages 152-169.
    11. Fangzheng Li & Yinan Sun & Xiong Li & Xinhua Hao & Wanyi Li & Yun Qian & Haimeng Liu & Haiyan Sun, 2016. "Research on the Sustainable Development of Green-Space in Beijing Using the Dynamic Systems Model," Sustainability, MDPI, Open Access Journal, vol. 8(10), pages 1-17, September.
    12. Yuan, Liang & Shin, Kongjoo & Managi, Shunsuke, 2018. "Subjective Well-being and Environmental Quality: The Impact of Air Pollution and Green Coverage in China," Ecological Economics, Elsevier, vol. 153(C), pages 124-138.

    More about this item

    Keywords

    Life satisfaction approach; Environmental evaluation; Green; Instrumental variable;

    JEL classification:

    • Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects
    • R14 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Land Use Patterns
    • R13 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - General Equilibrium and Welfare Economic Analysis of Regional Economies

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