Planning for green infrastructure: The spatial effects of parks, forests, and fields on Helsinki's apartment prices

Ecological Economics

Volumn 132, Issue , 2017, Pages 279-289

  Votsis, Athanasios ^a,b  

^a FINNISH METEOROLOGICAL INSTITUTE   (Finland)

^b UNIVERSITY OF HELSINKI   (Finland)

Author keywords

Green infrastructure; Housing prices; Land use options; Spatial effects

Indexed keywords

CAPITALISM; GREENSPACE; HOUSING MARKET; INFRASTRUCTURE PLANNING; LAND USE CHANGE; PARK DESIGN; SOCIOECONOMIC CONDITIONS; SPATIAL ANALYSIS; SPILLOVER EFFECT; URBAN FORESTRY; URBAN PLANNING;

FINLAND; HELSINKI; VARSINAIS-SUOMI;

EID: 84995874844     PISSN: 09218009     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.ecolecon.2016.09.029     Document Type: Article

References (61)

1. Alonso, W., Location and Land Use. 1964, Harvard University Press, Cambridge, MA.
2. Anselin, L., Spatial Econometrics: Methods and Models. 1988, Kluwer Academic Publishers, Dordrecht.
3. Anselin, L., Local indicators of spatial association – LISA. Geogr. Anal. 27:2 (1995), 93–115.
4. Anselin, L., Spatial externalities, spatial multipliers, and spatial econometrics. Int. Reg. Sci. Rev. 26:2 (2003), 153–166.
5. Anselin, L., Syabri, I., Kho, Y., GeoDa: an introduction to spatial data analysis. Geogr. Anal. 38:1 (2005), 5–22.
6. Anselin, L., Florax, R.J.G.M., Rey, S.J., Advances in Spatial Econometrics. 2010, Springer, Berlin.
7. Bateman, I.J., Mace, G.M., Fezzi, C., Atkinson, G., Turner, K., Economic analysis of ecosystem service assessments. J. Environ. Resour. Econ. 48:2 (2010), 177–218.
8. Batty, M., Cities and Complexity: Understanding Urban Dynamics with Agent-based Models, Cellular Automata, and Fractals. 2007, The MIT Press, Cambridge, MA.
9. Bivand, R.S., Pebesma, E., Gómez-Rubio, V., Applied Spatial Data Analysis with R. 2008, Springer Verlag, New York.
10. Bivand, R., with contributions by, Altman, M., Anselin, L., Assunasao, R., Berke, O., Bernat, A., Blanchet, G., Blankmeyer, E., Carvalho, M., Christensen, B., Chun, Y., Dormann, C., Dray, S., Halbersma, R., Krainski, E., Legendre, P., Lewin-Koh, N., Li, H., Ma, J., Millo, G., Mueller, W., Ono, H., Peres-Neto, P., Piras, G., Reder, M., Tiefelsdorf, M., D, Y., spdep: spatial dependence: weighting schemes, statistics and models. R package version 0.5–88. http://CRAN.R-project.org/package=spdep, 2016.
11. Brander, L.M., Koetse, M.J., The value of urban open space: meta-analyses of contingent valuation and hedonic pricing results. J. Environ. Manag. 92 (2011), 2763–2773.
12. Brown, G., Kyttä, M., Key issues and research priorities for public participation GIS (PPGIS): a synthesis based on empirical research. Appl. Geogr. 46 (2014), 122–136.
13. Brown, G., Schebella, M.F., Weber, D., Using participatory GIS to measure physical activity and urban park benefits. Landsc. Urban Plan. 121 (2014), 34–44.
14. Brueckner, J.K., Lectures in Urban Economics. 2011, The MIT Press, Cambridge, MA.
15. Brueckner, J.K., Thisse, J.-F., Zenou, Y., Why is central Paris rich and downtown Detroit poor? An amenity-based theory. Eur. Econ. Rev. 43:1 (1999), 91–107.
16. Cho, S.H., Lambert, D.M., Kim, S.G., Roberts, R.K., Park, W.M., Relationship between value of open space and distance from housing locations within a community. J. Geogr. Syst. 13 (2011), 393–414.
17. Czembrowski, P., Kronenberg, J., Hedonic pricing and different urban green space types and sizes: insights into the discussion on valuing ecosystem services. Landsc. Urban Plan. 146 (2016), 11–19.
18. Davies, L., Kwiatkowski, L., Gaston, K.J., Beck, H., Brett, H., Batty, M., Scholes, L., Wade, R., Sheate, W.R., Sadler, J., Perino, G., Andrews, B., Kontoleon, A., Bateman, I., Harris, J.A., Urban [ecosystem assessment] (chapter 10). The UK National Ecosystem Assessment Technical Report, 2011, UNEP-WCMC, Cambridge, 361–411.
19. De Groot, R.S., Wilson, M.A., Boumans, R.M.J., A typology for the classification, description and valuation of ecosystem functions, goods and services. Ecol. Econ. 41:3 (2002), 393–408.
20. Di Minin, E., Tenkanen, H., Toivonen, T., Prospects and challenges for social media data in conservation science. Front. Environ. Sci., 3, 2015, 63 http://journal.frontiersin.org/article/10.3389/fenvs.2015.00063/full.
21. Dubin, R., Estimation of regression coefficients in the presence of spatially autocorrelated error terms. Rev. Econ. Stat. 70:3 (1988), 466–474.
22. European Commission, City and Environment. 1994, Office for Official Publications of the European Communities, Luxemburg.
23. European Commission, Cities of Tomorrow – Challenges, Visions, Ways Forward. 2011, Publications Office of the European Union, Luxemburg.
24. European Commission, Communication from the Commission to the European Parliament, the Council, the European Economic and Social Committee and the Committee of the Regions: Green Infrastructure (GI) — Enhancing Europe's Natural Capital. 2013 (COM/2013/0249 final).
25. European Environment Agency, Green Infrastructure and Territorial Cohesion – The Concept of Green Infrastructure and its Integration into Policies Using Monitoring Systems. 2011, Publications Office of the European Union, Luxemburg.
26. Fotheringham, A.S., Brundson, C., Charlton, M.E., Geographically Weighted Regression: The Analysis of Spatially Varying Relationships. 2002, Wiley, Chirchester.
27. Freeman, M.A., Herriges, J.A., King, C.L., The Measurement of Environmental and Resource Values, 3rd Ed. 2014, RFF Press, Oxford.
28. Geoghegan, J., The value of open spaces in residential land use. Land Use Policy 19 (2002), 91–98.
29. Gerkman, L., Empirical spatial econometric modeling of small scale neighbourhood. J. Geogr. Syst. 14:3 (2012), 283–298.
30. Givoni, B., Climate Considerations in Building and Urban Design. 1998, Wiley, New York.
31. Haklay, M., How good is volunteered geographical information? A comparative study of OpenStreetMap and ordnance survey datasets. Environ. Plann. B. Plann. Des. 37:4 (2010), 682–703.
32. Haklay, M., Weber, P., OpenStreetMap: user-generated street maps. IEEE Pervasive Comput. 7:4 (2008), 12–18.
33. Hauru, K., Lehvävirta, S., Korpela, K., Kotze, J., Closure of view to the urban matrix has positive effects on perceived restorativeness in urban forests in Helsinki, Finland. Landsc. Urban Plan. 107:4 (2012), 361–369.
34. IPCC, Field, C.B., Barros, V., Stocker, T.F., Qin, D., Dokken, D.J., Ebi, K.L., Mastrandrea, M.D., Mach, K.J., Plattner, G.-K., Allen, S.K., Tignor, M., Midgley, P.M., (eds.) Managing the Risks of Extreme Events and Disasters to Advance Climate Change Adaptation. A Special Report of Working Groups I and II of the Intergovernmental Panel on Climate Change, 2012, Cambridge University Press, Cambridge, UK, and New York.
35. Irwin, E., The effects of open space on residential property values. Land Econ. 78 (2002), 465–480.
36. James, P., Tzoulas, K., Adams, M.D., Barber, A., Box, J., Breuste, J., Elmqvist, T., Frith, M., Gordon, C., Greening, K.L., Handley, J., Haworth, S., Kazmierczak, A.E., Johnston, M., Korpela, K., Moretti, M., Niemela, J., Pauleit, S., Roe, M.H., Sadler, J.P., Ward Thompson, C., Towards an integrated understanding of green space in the European built environment. Urban For. Urban Green. 8 (2009), 65–75.
37. Kuminoff, N.V., Parmeter, C.F., Pope, J.C., Which hedonic models can we trust to recover the marginal willingness to pay for environmental amenities?. J. Environ. Econ. Manag. 60 (2010), 145–160.
38. LeSage, J.P., An introduction to spatial econometrics. Rev. Econ. Ind. 123 (2008), 19–44.
39. LeSage, J.P., Pace, R.K., Introduction to Spatial Econometrics. 2009, CRC Press, Boca Raton, FL.
40. Lloyd, C.D., Local Models for Spatial Analysis. 2007, CRC Press, Boca Raton.
41. Miller, H.J., Tobler's first law and spatial analysis. Ann. Assoc. Am. Geogr. 94:2 (2004), 284–289.
42. Mills, E.S., An aggregative model of resource allocation in a metropolitan area. Am. Econ. Rev. 57:2 (1967), 197–210.
43. Muth, R.F., Cities and Housing. 1969, University of Chicago Press, Chicago.
44. Perino, G., Andrews, B., Kontoleon, A., Bateman, I., The value of urban green space in Britain: a methodological framework for spatially referenced benefit transfer. Environ. Resour. Econ. 57 (2014), 251–272.
45. Quigley, J.M., Nonlinear budget constraints and consumer demand: an application to public programs for residential housing. J. Urban Econ. 12:2 (1982), 177–201.
46. R Core Team, R: A Language and Environment for Statistical Computing. 2016, R Foundation for Statistical Computing, Vienna http://www.R-project.org/.
47. Ready, R.C., Abdalla, C.W., The amenity and disamenity impacts of agriculture: estimates from a hedonic pricing model. Am. J. Agric. Econ. 87:2 (2005), 314–326.
48. Renaud, F.G., Sudmeier-Rieux, K., Estrella, M., The Role of Ecosystems in Disaster Risk Reduction. 2013, United Nations University Press, Tokyo.
49. Roe, B., Irwin, E.G., Morrow-Jones, H.A., The effects of farmland, farmland preservation, and other neighborhood amenities on housing values and residential growth. Land Econ. 80:1 (2004), 55–75.
50. Rosen, S., Hedonic prices and implicit markets: product differentiation in pure competition. J. Polit. Econ. 82:1 (1974), 34–55.
51. Schabenberger, O., Gotway, C.A., Statistical Methods for Spatial Data Analysis. 2005, Chapman & Hall, London.
52. Sheppard, S., Hedonic analysis of housing markets. Mills, E.S., Chesire, P., (eds.) Handbook of Regional and Urban Economics Applied Urban Economics, volume 3, 1999, Elsevier, Amsterdam, 1595–1635.
53. Siriwardena, S.D., Boyle, K.J., Holmes, T.P., Wiseman, P.E., The implicit value of tree cover in the U.S.: a meta-analysis of hedonic property value studies. Ecol. Econ. 128 (2016), 68–76.
54. Starret, D., Land value capitalization in local public finance. J. Polit. Econ. 89 (1981), 306–328.
55. Tobler, W.R., A computer movie simulating urban growth in the Detroit region. Econ. Geogr. 46:supplement (1970), 234–240.
56. Tu, G., Abildtrup, J., Garcia, S., Preferences for urban green spaces and peri-urban forests: an analysis of stated residential choices. Landsc. Urban Plan. 148 (2016), 120–131.
57. Tyrväinen, L., The amenity value of the urban forest: an application of the hedonic pricing method. Landsc. Urban Plan. 37 (1997), 211–222.
58. Tyrväinen, L., Miettinen, A., Property prices and urban forest amenities. J. Environ. Econ. Manag. 39 (2000), 205–223.
59. Tyrväinen, L., Väänänen, H., The economic value of urban forest amenities: an application of the contingent valuation method. Landsc. Urban Plan. 43 (1998), 105–118.
60. Wood, S.A., Guerry, A.D., Silver, J.M., Lacayo, M., Using social media to quantify nature-based tourism and recreation. Nature Scientific Reports 3:2976 (2013), 1–7, 10.1038/srep02976.
61. Wolch, J.R., Byrne, J., Newell, J.P., Urban green space, public health, and environmental justice: the challenge of making cities ‘just green enough’. Landsc. Urban Plan. 125 (2014), 234–244.