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Conference Paper: Impacts of Air Pollution on Urban Housing Prices in China
| Title | Impacts of Air Pollution on Urban Housing Prices in China |
|---|---|
| Authors | |
| Issue Date | 2019 |
| Citation | 58th Western Regional Science Association (WRSA) Annual Meeting, Napa, CA, USA, 10-13 February 2019 How to Cite? |
| Abstract | In this study, we examine pollution effects on urban housing prices in China, using a 2SLS hedonic price model on 69 major cities during the period between 2009 and 2016. We find that urban housing prices are negatively associated with PM levels, presenting a PM2.5-elasticity-of-housing-price of -0.76 and a PM10-elasticity-of-housing-price of -0.71. The negative PM2.5 elasticity is partly offset in the three mega-city regions, which excel others in various amenities and infrastructure. In addition, PM2.5’s effects on housing markets tend to decline with stricter pollution regulations introduced in 2013 as part of the 12th Five Year Plan. The elasticity of -0.82 during the period 2009-2012, for example, is reduced in absolute value to -0.71 during the period 2013-2016, which may reflect urban residents’ positive prospect on future air-quality improvement. |
| Description | Paper Session 3F: Environmental Issues (I) |
| Persistent Identifier | http://hdl.handle.net/10722/272719 |
| DC Field | Value | Language |
|---|---|---|
| dc.contributor.author | Ou, Y | - |
| dc.contributor.author | Nam, K | - |
| dc.date.accessioned | 2019-08-06T09:15:16Z | - |
| dc.date.available | 2019-08-06T09:15:16Z | - |
| dc.date.issued | 2019 | - |
| dc.identifier.citation | 58th Western Regional Science Association (WRSA) Annual Meeting, Napa, CA, USA, 10-13 February 2019 | - |
| dc.identifier.uri | http://hdl.handle.net/10722/272719 | - |
| dc.description | Paper Session 3F: Environmental Issues (I) | - |
| dc.description.abstract | In this study, we examine pollution effects on urban housing prices in China, using a 2SLS hedonic price model on 69 major cities during the period between 2009 and 2016. We find that urban housing prices are negatively associated with PM levels, presenting a PM2.5-elasticity-of-housing-price of -0.76 and a PM10-elasticity-of-housing-price of -0.71. The negative PM2.5 elasticity is partly offset in the three mega-city regions, which excel others in various amenities and infrastructure. In addition, PM2.5’s effects on housing markets tend to decline with stricter pollution regulations introduced in 2013 as part of the 12th Five Year Plan. The elasticity of -0.82 during the period 2009-2012, for example, is reduced in absolute value to -0.71 during the period 2013-2016, which may reflect urban residents’ positive prospect on future air-quality improvement. | - |
| dc.language | eng | - |
| dc.relation.ispartof | Western Regional Science Association (WRSA) Annual Meeting | - |
| dc.title | Impacts of Air Pollution on Urban Housing Prices in China | - |
| dc.type | Conference_Paper | - |
| dc.identifier.email | Nam, K: kmnam@hku.hk | - |
| dc.identifier.authority | Nam, K=rp01953 | - |
| dc.identifier.hkuros | 300580 | - |