Historic Amenities and Housing Externalities: Evidence from the Netherlands

IF 3.8 2区经济学 Q1 ECONOMICS

Economic Journal Pub Date : 2017-10-24 DOI:10.1111/ecoj.12477

Hans R.A. Koster, Jan Rouwendal

引用次数: 46

Abstract

We study the economic effects of public investments in historic amenities by looking at their impact on house prices. We distinguish between direct and indirect effects of investments. A nationwide housing transaction is used as well as data on investments in cultural heritage. A 1 million euro per square kilometre increase in investments in cultural heritage leads to a price increase of 1.5–3.0% of non-targeted buildings. We do not find evidence that the maintenance state of non-eligible properties is improved, suggesting that any price effect due to investments in cultural heritage is a direct effect of investments.

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历史设施和住房外部性:来自荷兰的证据

我们通过观察对房价的影响来研究公共投资对历史设施的经济影响。我们区分投资的直接影响和间接影响。全国住房交易数据和文化遗产投资数据都被使用。文化遗产投资每平方公里增加100万欧元，导致非目标建筑的价格上涨1.5-3.0%。我们没有发现证据表明不符合条件的财产的维护状况得到改善，这表明由于文化遗产投资而产生的任何价格效应都是投资的直接影响。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Economic Journal ECONOMICS-

CiteScore

6.60

自引率

3.10%

发文量

期刊介绍： The Economic Journal is the Royal Economic Society''s flagship title, and is one of the founding journals of modern economics. Over the past 125 years the journal has provided a platform for high quality and imaginative economic research, earning a worldwide reputation excellence as a general journal publishing papers in all fields of economics for a broad international readership. It is invaluable to anyone with an active interest in economic issues and is a key source for professional economists in higher education, business, government and the financial sector who want to keep abreast of current thinking in economics.