Evaluate the Impacts of Wind Farm Facilities on Land Values with Geographically-Linked Microdata in China

被引：0
|
作者：
Yingdan Mei
Pengfei Liu
Lina Meng
Lu Lin
机构：
[1] Renmin University of China,School of Applied Economics
[2] University of Rhode Island,Department of Environmental and Natural Resources Economics
[3] Xiamen University,School of Economics and The Wang Yanan Institute for Studies in Economics
[4] China University of Petroleum Beijing,School of Economics and Management
来源：
Environmental and Resource Economics | 2024年 / 87卷
关键词：
Wind farms; Land values; Renewable energy; Difference-in-differences;
D O I：
暂无
中图分类号：
学科分类号：
摘要：
This study explores the impact of wind facilities on land values based on wind farm construction and land transaction datasets in China from 2005 to 2017. We implement a two-way fixed effects model to estimate the causal effects of the siting of wind farms on land prices. Our results show that the siting of wind farms significantly impacts land transaction prices. On average, land parcels located within 10 km of a wind farm enjoy a 4.78% price premium. However, land parcels located within 1 to 3 km of a wind farm experience depreciation, while lands located within 3 to 6 km of a wind turbine experience an increase on average. We further find that offshore wind farms are viewed more favorably by nearby residents compared to inland wind farms.
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收藏
页码：465 / 489
页数：24
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