{"title":"Cost of escaping air pollution: A way to prevent excessive expansion of industrial areas","authors":"I-Chun Tsai","doi":"10.1016/j.asieco.2024.101823","DOIUrl":null,"url":null,"abstract":"<div><div>To pursue economic growth, many emerging markets prioritize providing land and resources to industries rather than people, resulting in people being forced to relocate. This paper uses Taiwan’s largest industrial city (Kaohsiung) as an example to discuss the negative spillover effect brought about by its most polluted industrial area (the Kaohsiung Linhai Industrial Park, KLIP). This study finds that the proximity between residences and the pollution sources and air pollution severity both cause housing prices to decrease. The results also show that among different air pollution indicators, SO<sub>2</sub> concentration exerts the largest influence on housing prices. This may be because the SO<sub>2</sub> emitted by large coal-fired power plants and oil refineries in the KLIP is linked to pollution-based haze and creates a visible atmospheric brown haze. By discussing the industrial park’s air pollution problem, this paper illustrates the harm of the overdevelopment of an industrial park. To prevent people’s relocation events resulting from the overdevelopment of an industrial park occurring in the future, we must regularly estimate the shadow price that residents living near the industrial park are required to pay to escape air pollution. This paper also puts forward suggestions that contribute to the sustainable development of industrial parks.</div></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":"95 ","pages":"Article 101823"},"PeriodicalIF":2.9000,"publicationDate":"2024-10-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Journal of Asian Economics","FirstCategoryId":"96","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S1049007824001180","RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"ECONOMICS","Score":null,"Total":0}
引用次数: 0
Abstract
To pursue economic growth, many emerging markets prioritize providing land and resources to industries rather than people, resulting in people being forced to relocate. This paper uses Taiwan’s largest industrial city (Kaohsiung) as an example to discuss the negative spillover effect brought about by its most polluted industrial area (the Kaohsiung Linhai Industrial Park, KLIP). This study finds that the proximity between residences and the pollution sources and air pollution severity both cause housing prices to decrease. The results also show that among different air pollution indicators, SO2 concentration exerts the largest influence on housing prices. This may be because the SO2 emitted by large coal-fired power plants and oil refineries in the KLIP is linked to pollution-based haze and creates a visible atmospheric brown haze. By discussing the industrial park’s air pollution problem, this paper illustrates the harm of the overdevelopment of an industrial park. To prevent people’s relocation events resulting from the overdevelopment of an industrial park occurring in the future, we must regularly estimate the shadow price that residents living near the industrial park are required to pay to escape air pollution. This paper also puts forward suggestions that contribute to the sustainable development of industrial parks.
期刊介绍:
The Journal of Asian Economics provides a forum for publication of increasingly growing research in Asian economic studies and a unique forum for continental Asian economic studies with focus on (i) special studies in adaptive innovation paradigms in Asian economic regimes, (ii) studies relative to unique dimensions of Asian economic development paradigm, as they are investigated by researchers, (iii) comparative studies of development paradigms in other developing continents, Latin America and Africa, (iv) the emerging new pattern of comparative advantages between Asian countries and the United States and North America.