Does Easy Accessibility to Urban Parks Always Raise Home Values?

IF 16.4 1区化学 Q1 CHEMISTRY, MULTIDISCIPLINARY

Accounts of Chemical Research Pub Date : 2023-12-15 DOI:10.1016/j.jhe.2023.101981

Lu Liu , Lina Meng , Ruige Zhang

引用次数: 0

Abstract

This paper employs a boundary discontinuity design to separate the cost of easy access (EA) to urban parks from the combined effects of proximity.¹ On average, houses with EA to urban parks experience a significant price reduction of 2.0%. This reduction equals approximately $7,986 per house in 2018 dollars, all else being equal. The average negative effect originates from EA to city parks. Mechanism analysis using novel cellphone data reveals that frequent visits to areas with EA to urban parks can lead to congestion disamenities that have a negative effect on the prices of EA houses.

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交通便利的城市公园是否总能提升房屋价值？

本文采用了边界不连续设计，将方便到达城市公园（EA）的成本从邻近性的综合影响中分离出来。1 平均而言，方便到达城市公园的房屋价格大幅下降 2.0%。在其他条件相同的情况下，按 2018 年的美元计算，每套房屋的降价幅度约为 7986 美元。平均的负面影响来自于城市公园的 EA。利用新颖的手机数据进行的机制分析表明，频繁造访拥有城市公园 EA 的地区可能会导致拥堵等不利因素，从而对 EA 房屋的价格产生负面影响。

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

Accounts of Chemical Research 化学-化学综合

CiteScore

31.40

自引率

1.10%

发文量

312

审稿时长

2 months

期刊介绍： Accounts of Chemical Research presents short, concise and critical articles offering easy-to-read overviews of basic research and applications in all areas of chemistry and biochemistry. These short reviews focus on research from the author’s own laboratory and are designed to teach the reader about a research project. In addition, Accounts of Chemical Research publishes commentaries that give an informed opinion on a current research problem. Special Issues online are devoted to a single topic of unusual activity and significance. Accounts of Chemical Research replaces the traditional article abstract with an article "Conspectus." These entries synopsize the research affording the reader a closer look at the content and significance of an article. Through this provision of a more detailed description of the article contents, the Conspectus enhances the article's discoverability by search engines and the exposure for the research.