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Research article - Peer-reviewed, 2021

Valuing urban green amenities with an inequality lens

Stromberg, Per M.; Ohrner, Erik; Brockwell, Erik; Liu, Zhaoyang

Abstract

Considering rapid urbanization worldwide, concern is growing that the resulting loss of green space affects welfare negatively. This study assesses how implicit prices of green amenities differ across apartments in different price groups to assess distributional impact of urban green amenities. Additionally, the paper proposes adjustments to enhance the standard hedonic model and increase comparability of estimates across study areas. Sales data for 6614 apartments in the suburbs of Stockholm, Sweden, an area that is relatively more prone to land conversion, were combined with GIS data on green urban areas and assessed in a simple log-linear model and quantile regression model. The results suggest that forested area even in a in a city with abundant green areas, have an impact on apartment prices. The price effect of green amenities differs strongly across both categories of 'green area' such as parks and forests, as well as, between the mean and the ends of the distribution of apartment prices. The proposed adjustments and results could be of use to other study areas.

Keywords

Ecosystem services; Hedonic analysis; Green amenities; Natural capital accounting; Distributional effects

Published in

Ecological Economics
2021, volume: 186, article number: 107067
Publisher: ELSEVIER

Authors' information

Stromberg, Per M.
Swedish environmental protection agency
Ohrner, Erik
Stockholm University
Brockwell, Erik
Swedish University of Agricultural Sciences, Department of Economics
Liu, Zhaoyang
University of Cambridge

Sustainable Development Goals

SDG11 Sustainable cities and communities
SDG10 Reduce inequality within and among countries

UKÄ Subject classification

Economics

Publication Identifiers

DOI: https://doi.org/10.1016/j.ecolecon.2021.107067

URI (permanent link to this page)

https://res.slu.se/id/publ/112591