Impact Of Air Pollution On Property Values: A Hedonic Price Study

Saptutyningsih, Endah

doi:10.23917/jep.v14i1.150

Cited by 4 publications

(2 citation statements)

References 13 publications

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“…Más recientemente, Saptutyningsih (2013) en su análisis para la zona de Yogyakarta en Indonesia encuentra que las variaciones en los niveles de contaminación del aire generan cambios en el comportamiento de los hogares de tal manera, que se ven dispuestos a ofrecer mayores recursos por una vivienda localizada en áreas con mejores condiciones ambientales. Concluye al encontrar que, un aumento de uno por ciento en niveles de CO, reducen el precio de la vivienda en 1.375 por ciento, en promedio.…”

Section: Introductionunclassified

La contaminación del aire y su efecto en el precio de la vivienda del AMM

González

Herrera

Cantú

et al. 2021

Revista de Economía

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Se determinan los efectos de los cambios en los niveles de la contaminación del aire en el precio de la vivienda del área metropolitana de Monterrey (AMM) mediante la aplicación del modelo de precios hedónicos. La muestra está compuesta por 1,722 viviendas que se encontraban en venta durante el periodo abril 2017 a marzo de 2018 en el AMM. Entre los principales resultados se encuentra que un aumento de 10% en el porcentaje de días en el año por encima de la norma establecida para partículas menores a 2.5 micras1 reduce el precio de la vivienda 0.347%; lo que implica una disminución de 1,239 dólares en el precio de la vivienda promedio. En términos agregados, el incremento en 10% de partículas PM2.5 (Partículas menores a 2.5 micras) equivale a una pérdida de 1,572 millones de dólares para el AMM.

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Section: Introductionunclassified

La contaminación del aire y su efecto en el precio de la vivienda del AMM

González

Herrera

Cantú

et al. 2021

Revista de Economía

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“…Hedonic prices reflect implicit values measuring the median consumer's appreciation of local public goods, such as air quality (Kahn, 2017). Saptutyningsih (2013) used housing property prices to value the air quality indirectly in Yogyakarta, Indonesia. Another research calculated the impact of mining sites on the value of dwellings.…”

Section: Introductionmentioning

confidence: 99%

Impact of Air Pollution on Prices of Real Estate and the Internal Structure of Bahraini Metropolitan Area

Buhammoud

El-Kholei

Ubaydli

2020

AGJSR

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In 2017, the World Bank estimated the cost of air pollution in Bahrain at 0.1 percent of the Gross National Income (GNI) using health statistics that the World Health Organization (WHO) publishes. Anthropogenic activities in an area cause environmental pollution. Using Gross Domestic Product (GDP) to estimate the cost of air pollution appears to be more accurate. In Bahrain, between 2009-2019, respiratory diseases were not among the top four causes of death. The paper quantifies the cost of air pollution in Bahrain’s urban areas using real estate prices. The researchers adopted the willingness-to-pay approach to investigate the connection between air quality, the spatial distribution of population, and real estate price using Geographic Information Systems (GIS) and advanced multivariate statistical techniques. The usage of GDP is adequate and trustworthy compared to GNI. Air pollution accounted for 16.7% of the variation in house prices, leaving 83.3% to other confounding variables, such as transboundary sources of air pollution.

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Exploring the causal relationship between PM 2.5 air pollution and urban areas economic welfare and social‐wellbeing: Evidence form 15 European capitals

Andrei,

Cristea,

Nuţă

et al. 2024

Sustainable Development

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This paper aims to investigate the relationship between air pollution (PM2.5) and a collection of features related to urban areas economic welfare and social‐wellbeing based on data collected from a number of 15 European capitals, for a seven years' period (2010–2017). The empirical analysis describes the correlation between the particulate pollution and welfare features in selected urban areas. Moreover, the PM2.5 pollutions may affect the economic and social development of these areas as, both entrepreneurs and population are inclined to relocate for a healthier environment. The models emphasize aspects related to the impact of PM 2.5 on different dimensions as follows: real estate rent values and land prices, restaurants food prices, community economic development, human welfare, as well as urban traffic. From the various correlations we have also discovered that for the urban areas included in the research, at early stages urbanization has the highest impact on air pollution. The findings of this study may offer hints for decision makers for their social and economic policy options. A clean urban environment will attract more skilled employees seeking for economic, social and environmental wellbeing. If the urban agglomerations authorities will fail to mitigate properly the air pollution issues the wellbeing will decrease along with the willingness of urban population to stay in such areas.

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Impact Of Air Pollution On Property Values: A Hedonic Price Study

Abstract: The main purpose of this study is the calculation of implicit prices of the environmental level of air quality in

Cited by 4 publications

References 13 publications

La contaminación del aire y su efecto en el precio de la vivienda del AMM

La contaminación del aire y su efecto en el precio de la vivienda del AMM

Impact of Air Pollution on Prices of Real Estate and the Internal Structure of Bahraini Metropolitan Area

Exploring the causal relationship between PM 2.5 air pollution and urban areas economic welfare and social‐wellbeing: Evidence form 15 European capitals

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