6533b7d8fe1ef96bd126a5a0
RESEARCH PRODUCT
Environmental spillovers and their impacts on housing prices: A spatial hedonic analysis
Masha Maslianskaia-pautrelCatherine Baumontsubject
[SDV]Life Sciences [q-bio]Valuation of Environmental Effects[SHS]Humanities and Social SciencesEmpirical researchSpatial SpilloversSpatial modelHousing Demand0502 economics and business11. SustainabilitySpatial Hedonic ModelsEconomicsEconometrics050207 economicsDimension (data warehouse)Public economics[ SDV ] Life Sciences [q-bio]05 social sciencesspillovers spatiauxDemandes des logements[SDV] Life Sciences [q-bio]13. Climate actionPolitical Science and International RelationsFeedback effectValue (economics)FrontagePropagation effect050202 agricultural economics & policymodèles hédoniques spatiauxÉvaluation des effets environnementauxdescription
This paper investigates the spatial dimension of environmental factors on housing prices. We develop spatial hedonic models to estimate the implicit prices of various environmental attributes. The spatial dimension can be interpreted in terms of local or global spillovers. We conduct an empirical study in the Loire estuary (France). We focus on natural areas and more artificialized ones (ocean frontage, wetlands, rivers, and noisy roads). We show that, depending on the spatial model used, the implicit price is more than just the estimated coefficient value and combines both a feedback effect and a propagation effect.
| year | journal | country | edition | language |
|---|---|---|---|---|
| 2015-06-22 |