Valuing public and private urban tree canopy cover

被引:35
|
作者
Pandit, Ram [1 ]
Polyakov, Maksym [2 ]
Sadler, Rohan [1 ,3 ]
机构
[1] Univ Western Australia, Sch Agr & Resource Econ, Crawley, WA, Australia
[2] Univ Western Australia, Sch Agr & Resource Econ, Ctr Environm Econ & Policy, Crawley, WA, Australia
[3] Astron Environm Serv, East Perth, WA, Australia
基金
澳大利亚研究理事会;
关键词
tree canopy cover; spatial hedonic model; spatiotemporal lag; property price; private space; NEIGHBORHOOD GREENNESS; POLLUTION MITIGATION; STREET TREES; PRICE MODEL; HOMEBUYERS; BENEFITS; PORTLAND; FORESTS; HEALTH; PERTH;
D O I
10.1111/1467-8489.12037
中图分类号
F3 [农业经济];
学科分类号
0202 ; 020205 ; 1203 ;
摘要
In this paper, we estimate the effect of tree canopy cover on sales price of urban residential properties in Perth, Western Australia. Using a data set of 5606 single family homes sold in 2009 and a spatial hedonic model with three spatial effects spatial-temporal lag on dependent variable, spatial error, and spatially lagged independent variables - we estimated the location-specific effect of tree canopy cover. Tree canopy cover increases the property value when located on adjacent public space, but decreases the value when it is on own property and on the adjacent property within 20 m of property boundary. The results are suggestive that council urban tree planting programs provide significant private benefits to homeowners.
引用
收藏
页码:453 / 470
页数:18
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