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Valuing urban green amenities with an inequality lens

Stromberg, Per M. and Ohrner, Erik and Brockwell, Erik and Liu, Zhaoyang (2021). Valuing urban green amenities with an inequality lens. Ecological Economics. 186 , 107067
[Research article]

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Abstract

Considering rapid urbanization worldwide, concern is growing that the resulting loss of green space affects welfare negatively. This study assesses how implicit prices of green amenities differ across apartments in different price groups to assess distributional impact of urban green amenities. Additionally, the paper proposes adjustments to enhance the standard hedonic model and increase comparability of estimates across study areas. Sales data for 6614 apartments in the suburbs of Stockholm, Sweden, an area that is relatively more prone to land conversion, were combined with GIS data on green urban areas and assessed in a simple log-linear model and quantile regression model. The results suggest that forested area even in a in a city with abundant green areas, have an impact on apartment prices. The price effect of green amenities differs strongly across both categories of 'green area' such as parks and forests, as well as, between the mean and the ends of the distribution of apartment prices. The proposed adjustments and results could be of use to other study areas.

Authors/Creators:Stromberg, Per M. and Ohrner, Erik and Brockwell, Erik and Liu, Zhaoyang
Title:Valuing urban green amenities with an inequality lens
Series Name/Journal:Ecological Economics
Year of publishing :2021
Volume:186
Article number:107067
Number of Pages:15
Publisher:ELSEVIER
ISSN:0921-8009
Language:English
Publication Type:Research article
Article category:Scientific peer reviewed
Version:Published version
Copyright:Creative Commons: Attribution 4.0
Full Text Status:Public
Subjects:(A) Swedish standard research categories 2011 > 5 Social Sciences > 502 Economics and Business > Economics
Keywords:Ecosystem services, Hedonic analysis, Green amenities, Natural capital accounting, Distributional effects
URN:NBN:urn:nbn:se:slu:epsilon-p-112591
Permanent URL:
http://urn.kb.se/resolve?urn=urn:nbn:se:slu:epsilon-p-112591
Additional ID:
Type of IDID
DOI10.1016/j.ecolecon.2021.107067
Web of Science (WoS)000655637200007
ID Code:24758
Faculty:NJ - Fakulteten för naturresurser och jordbruksvetenskap
Department:(NL, NJ) > Dept. of Economics
Deposited By: SLUpub Connector
Deposited On:29 Jun 2021 16:25
Metadata Last Modified:29 Jun 2021 16:31

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