Global S&T Development Trend Analysis Platform of Resources and Environment
DOI | 10.1016/j.enpol.2017.05.044 |
Particulate air pollution and real estate valuation: Evidence from 286 Chinese prefecture-level cities over 2004-2013 | |
Chen, Dengke; Chen, Shiyi | |
2017-10-01 | |
发表期刊 | ENERGY POLICY
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ISSN | 0301-4215 |
EISSN | 1873-6777 |
出版年 | 2017 |
卷号 | 109 |
文章类型 | Article |
语种 | 英语 |
国家 | Peoples R China |
英文摘要 | Whether, and to what extent the air pollutions depress the real estate prices in China have increasingly become to be important issues yet to be well addressed. By applying a very unique panel data set on PM2.5 concentrations from 286 Chinese prefecture-level cities for 2004-2013, this study quantitatively assesses the impact of PM2.5 concentrations on real estate prices in China. The preferred empirical results demonstrate that: (1) PM2,5 pollutions have negatively significant effects on real estate prices in China. Specifically, 1 mu g/m(3) increase in PM2,5 concentrations is associated with a decrease of 46 RMB/m(2) in real estate prices on average. (2) The estimated effects differ widely across Chinese cities, with higher-ranking cities being more substantially impacted. Additionally, the negative effects become increasingly statistically significant and quantitatively large over time. (3) Finally, 1 mu g/m(3) increase in PM(2.)5 is responsible for about 5200 hundred million RMB losses in real estate valuations, approximately accounting for 0.9% GDP in 2013 of China. The findings are rather robust to various alternative settings. This article is part of a Virtual Special Issue entitled 'Comparing Sustainable Energy Policies in Northeast Asia: toward the harmonized Public -Private Partnership'. |
英文关键词 | PM2.5 pollution Real estate prices Chinese prefecture-level cities |
领域 | 气候变化 |
收录类别 | SCI-E ; SSCI |
WOS记录号 | WOS:000412034400085 |
WOS关键词 | ENVIRONMENTAL-REGULATIONS ; INFANT-MORTALITY ; IMPACT ; GROWTH ; EXPOSURE |
WOS类目 | Economics ; Energy & Fuels ; Environmental Sciences ; Environmental Studies |
WOS研究方向 | Business & Economics ; Energy & Fuels ; Environmental Sciences & Ecology |
引用统计 | |
文献类型 | 期刊论文 |
条目标识符 | http://119.78.100.173/C666/handle/2XK7JSWQ/18310 |
专题 | 气候变化 |
作者单位 | Fudan Univ, China Ctr Econ Studies, Sch Econ, Shanghai 200433, Peoples R China |
推荐引用方式 GB/T 7714 | Chen, Dengke,Chen, Shiyi. Particulate air pollution and real estate valuation: Evidence from 286 Chinese prefecture-level cities over 2004-2013[J]. ENERGY POLICY,2017,109. |
APA | Chen, Dengke,&Chen, Shiyi.(2017).Particulate air pollution and real estate valuation: Evidence from 286 Chinese prefecture-level cities over 2004-2013.ENERGY POLICY,109. |
MLA | Chen, Dengke,et al."Particulate air pollution and real estate valuation: Evidence from 286 Chinese prefecture-level cities over 2004-2013".ENERGY POLICY 109(2017). |
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