Moving to the country: Understanding the effects of Covid-19 on property values and farmland development risk

Understanding how economic agents respond to seismic shocks in a developing country setting is crucial to evaluating the economic costs of natural disasters. This article makes use of the quasi-random spatial and temporal nature of ground tremors to estimate the economic impact of the April 2015 earthquake on residential property values in Nepal. Regression estimates from the difference-in-differences research design show that residential property values declined by about 40.52 percentage points in areas with high seismic intensity. The event study model illustrates that these negative economic effects are more pronounced between 12 and 24 months after the incidence of the earthquake. Findings further underscore the underlying mechanism of physical damage and indicate that residential properties with weaker outer walls, foundations and roof materials became more susceptible to the earthquake.

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Quantifying Ecosystem Services to Maximize Co-Benefits under Market-Based Conservation Solutions in the Edisto River Basin, South Carolina

Clay,

Motallebi,

O’Halloran

2024

Forests

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As climate change intensifies, the need to conserve ecosystem services and our natural resources increases. Nature-based solutions projects that focus on sequestering carbon can also have significant impacts on the ecosystem services in the project area. Herein, we describe a method to quantify ecosystem services via the Integrated Valuation of Ecosystem Services and Tradeoffs (Version 3.14) model. We use those quantitative methods to show where carbon projects and other restoration projects could increase certain ecosystem services through best practices. Using the Edisto River Basin in South Carolina as a study site, we developed a spatial additionality model that shows where water retention, carbon, and sediment retention can be improved. InVEST modeling showed high levels of sediment export and water yield, with 0.12 tons/acre of sediment exported and 256.3 cm/acre of water yielded downstream on average. The model indicates that over 70,000 acres comprised of parcels greater than 20 contiguous acres could implement management to increase ecosystem service provisioning. This model output shows spatially where best management practices can be implemented to achieve positive outcomes and where carbon projects could be implemented to derive additional co-benefits. Furthermore, it can be used as a tool for measurement and verification as data is updated.

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Moving to the country: Understanding the effects of Covid-19 on property values and farmland development risk

Cited by 3 publications

References 45 publications

Introduction to the Special Issue Property Value Analysis using ZTRAX: Applications under the Approaching Sunset

Introduction to the Special Issue Property Value Analysis using ZTRAX: Applications under the Approaching Sunset

Economic impact of large earthquakes: lessons from residential property values

Quantifying Ecosystem Services to Maximize Co-Benefits under Market-Based Conservation Solutions in the Edisto River Basin, South Carolina

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