IDEAS home Printed from https://ideas.repec.org/a/taf/apeclt/v32y2025i13p1887-1899.html
   My bibliography  Save this article

Housing prices and environmental hazards: the effects of industrial park openings in Korea

Author

Listed:
  • Ju Young Park
  • Youngseok Park

Abstract

We explore an empirical examination on the effects of industrial park openings on housing prices in Korea under under hedonic framework. First, the availability of multiple transactions within apartment complexes enables fixed-effects estimation and addresses unobserved heterogeneity across apartment complexes. Second, we trace the effect on housing values from the announcement stage to actual operation stage of industrial parks. Our results indicate housing prices positively respond to an announcement of industrial park opening, but less in areas close to the industrial park. Furthermore, housing prices in close proximity to industrial parks decline when industrial parks begin operation.

Suggested Citation

  • Ju Young Park & Youngseok Park, 2025. "Housing prices and environmental hazards: the effects of industrial park openings in Korea," Applied Economics Letters, Taylor & Francis Journals, vol. 32(13), pages 1887-1899, July.
    • Handle: RePEc:taf:apeclt:v:32:y:2025:i:13:p:1887-1899
    DOI: 10.1080/13504851.2024.2331660
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/13504851.2024.2331660
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/13504851.2024.2331660?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to

    for a different version of it.

    More about this item

    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:taf:apeclt:v:32:y:2025:i:13:p:1887-1899. 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: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/RAEL20 .

    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.