• English
    • svenska
  • English 
    • English
    • svenska
  • Login
View Item 
  •   Home
  • School of Business, Economics and Law / Handelshögskolan
  • Department of Economics / Institutionen för nationalekonomi med statistik
  • Working papers
  • View Item
  •   Home
  • School of Business, Economics and Law / Handelshögskolan
  • Department of Economics / Institutionen för nationalekonomi med statistik
  • Working papers
  • View Item
JavaScript is disabled for your browser. Some features of this site may not work without it.

Amenity Values of Proximity to National Wildlife Refuges: An analysis of urban residential property values

Abstract
The National Wildlife Refuge system is a network of permanently protected open space encompassing more than 150 million acres across 50 states. Maintaining such a large network of permanently protected open space can put the federal government at odds with local communities when management priorities differ from the local community’s objectives. This can be especially true in rapidly urbanizing areas where local jurisdictions voice concerns over the loss of property tax revenues and economic activity resulting from lands’ protected status. While refuge recreation and ecosystem benefits have been identified, we know little about the property value benefits accruing to local homeowners. This research quantifies the property value benefits of all refuges on the east coast that are near urban areas. Our approach is made possible through access to confidential U.S. Census data identifying property values surrounding all refuges with high geographic resolution. Results from hedonic property value models suggest that the amenity values of refuges located near urbanized areas are capitalized into the value of homes in very close proximity, averaging $11 million per refuge. These capitalized values add directly to the local tax base and are considerable complements to the annual economic value created by the refuge system.
Other description
JEL Classification: Q24, Q51, Q57, Q58
URI
http://hdl.handle.net/2077/32603
Collections
  • Working papers
View/Open
gupea_2077_32603_1.pdf (512.2Kb)
Date
2013-03
Author
Liu, Xiangping
Taylor, Laura
Hamilton, Timothy
Grigelis, Peter
Keywords
national wildlife refuges
open space
amenity values
hedonic analysis
Publication type
report
ISSN
1403-2465
Series/Report no.
Working Papers in Economics
562
Language
eng
Metadata
Show full item record

DSpace software copyright © 2002-2016  DuraSpace
Contact Us | Send Feedback
Theme by 
Atmire NV
 

 

Browse

All of DSpaceCommunities & CollectionsBy Issue DateAuthorsTitlesSubjectsThis CollectionBy Issue DateAuthorsTitlesSubjects

My Account

LoginRegister

DSpace software copyright © 2002-2016  DuraSpace
Contact Us | Send Feedback
Theme by 
Atmire NV