IGSNRR OpenIR
The puzzling heterogeneity of amenity capitalization effects on land markets
Wu, Wenjie1; Dong, Guanpeng2; Zhang, Wenzhong3
2017-03-01
Source PublicationPAPERS IN REGIONAL SCIENCE
ISSN1056-8190
Volume96Pages:S135-S154
Corresponding AuthorWu, Wenjie(w.wu@hw.ac.uk)
AbstractGovernment-funded urban amenities provide significant values to land markets. This paper uses spatial econometric techniques to recover the puzzling heterogeneity in capitalized values of local amenities such as higher education facilities, transport and environmental amenities. On top of its policy implications, this paper differentiates between non-spatial models and spatial models to allow spatially varying marginal-price estimates and reflect the subtle ways that land markets capitalize local amenities. Our results provide heterogeneous estimates of capitalized amenity values that would affect land development, illustrating the linkage between government-funded amenities and the intensity of land development. Resumen Los servicios urbanos financiados por el gobierno proporcionan un valor significativo a los mercados del suelo. Este articulo utiliza tecnicas de econometria espacial para capturar la desconcertante heterogeneidad de los valores capitalizados de los servicios locales, tales como instituciones de educacion superior, transporte y servicios ambientales. Ademas de sus implicaciones politicas, este documento distingue entre los modelos no espaciales y los espaciales, para permitir estimaciones de precios marginales con variacion espacial y reflejar la sutileza con la que los mercados inmobiliarios del suelo se aprovechan de los servicios locales. Los resultados ofrecen estimaciones heterogeneas de los valores recreativos capitalizados que afectarian al desarrollo inmobiliario, lo que ilustra la relacion entre los servicios financiados por el gobierno y la intensidad del desarrollo inmobiliario en cuanto al suelo. ??: ???????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????
KeywordLand market local public goods spatial econometric methods China
DOI10.1111/pirs.12186
WOS KeywordGEOGRAPHICALLY WEIGHTED REGRESSION ; RESIDENTIAL PROPERTY-VALUES ; SPATIAL VARIATION ; PRICE MODELS ; HOUSING PRICES ; OPEN SPACE ; CHINA ; TRANSPORTATION ; ECONOMETRICS ; ECONOMY
Indexed BySCI
Language英语
Funding ProjectNational Natural Science Foundation of China[41230632] ; National Natural Science Foundation of China[71473105] ; Program for New Century Excellent Talents in University[NCET-110856] ; National Social Science Foundation[14ZDB144]
Funding OrganizationNational Natural Science Foundation of China ; Program for New Century Excellent Talents in University ; National Social Science Foundation
WOS Research AreaBusiness & Economics ; Environmental Sciences & Ecology ; Geography
WOS SubjectEconomics ; Environmental Studies ; Geography
WOS IDWOS:000398195200007
PublisherWILEY
Citation statistics
Cited Times:1[WOS]   [WOS Record]     [Related Records in WOS]
Document Type期刊论文
Identifierhttp://ir.igsnrr.ac.cn/handle/311030/64740
Collection中国科学院地理科学与资源研究所
Corresponding AuthorWu, Wenjie
Affiliation1.Heriot Watt Univ, Inst Social Policy Housing Environm & Real Estate, Edinburgh EH14 4AS, Midlothian, Scotland
2.Univ Sheffield, Sheffield Methods Inst, ICOSS, 219 Portobello, Sheffield S1 4DP, S Yorkshire, England
3.Chinese Acad Sci, Inst Geog Sci & Nat Resources Res, Beijing 100101, Peoples R China
Recommended Citation
GB/T 7714
Wu, Wenjie,Dong, Guanpeng,Zhang, Wenzhong. The puzzling heterogeneity of amenity capitalization effects on land markets[J]. PAPERS IN REGIONAL SCIENCE,2017,96:S135-S154.
APA Wu, Wenjie,Dong, Guanpeng,&Zhang, Wenzhong.(2017).The puzzling heterogeneity of amenity capitalization effects on land markets.PAPERS IN REGIONAL SCIENCE,96,S135-S154.
MLA Wu, Wenjie,et al."The puzzling heterogeneity of amenity capitalization effects on land markets".PAPERS IN REGIONAL SCIENCE 96(2017):S135-S154.
Files in This Item:
There are no files associated with this item.
Related Services
Recommend this item
Bookmark
Usage statistics
Export to Endnote
Google Scholar
Similar articles in Google Scholar
[Wu, Wenjie]'s Articles
[Dong, Guanpeng]'s Articles
[Zhang, Wenzhong]'s Articles
Baidu academic
Similar articles in Baidu academic
[Wu, Wenjie]'s Articles
[Dong, Guanpeng]'s Articles
[Zhang, Wenzhong]'s Articles
Bing Scholar
Similar articles in Bing Scholar
[Wu, Wenjie]'s Articles
[Dong, Guanpeng]'s Articles
[Zhang, Wenzhong]'s Articles
Terms of Use
No data!
Social Bookmark/Share
All comments (0)
No comment.
 

Items in the repository are protected by copyright, with all rights reserved, unless otherwise indicated.