{"title":"环境灾害与财产价值:来自尼泊尔森林火灾的证据","authors":"Jayash Paudel","doi":"10.3368/le.98.1.110519-0159r2","DOIUrl":null,"url":null,"abstract":"This article uses satellite data on real-time active fire locations to evaluate the effect of forest fires on property values in Nepal. Results show that an additional unit increase in fire radiative power from last month’s forest fires causes a 0.61% decrease in residential property values. Property values decline by 4.48% for every additional unit increase in the number of forest fire incidents over the past year. These estimates suggest that policy makers should prioritize wildfire-risk awareness and fire-prevention programs in areas with higher levels of declined property values associated with recurring forest fire incidents.","PeriodicalId":51378,"journal":{"name":"Land Economics","volume":"98 1","pages":"115 - 131"},"PeriodicalIF":1.3000,"publicationDate":"2021-10-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"11","resultStr":"{\"title\":\"Environmental Disasters and Property Values: Evidence from Nepal’s Forest Fires\",\"authors\":\"Jayash Paudel\",\"doi\":\"10.3368/le.98.1.110519-0159r2\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"This article uses satellite data on real-time active fire locations to evaluate the effect of forest fires on property values in Nepal. Results show that an additional unit increase in fire radiative power from last month’s forest fires causes a 0.61% decrease in residential property values. Property values decline by 4.48% for every additional unit increase in the number of forest fire incidents over the past year. These estimates suggest that policy makers should prioritize wildfire-risk awareness and fire-prevention programs in areas with higher levels of declined property values associated with recurring forest fire incidents.\",\"PeriodicalId\":51378,\"journal\":{\"name\":\"Land Economics\",\"volume\":\"98 1\",\"pages\":\"115 - 131\"},\"PeriodicalIF\":1.3000,\"publicationDate\":\"2021-10-20\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"11\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Land Economics\",\"FirstCategoryId\":\"96\",\"ListUrlMain\":\"https://doi.org/10.3368/le.98.1.110519-0159r2\",\"RegionNum\":4,\"RegionCategory\":\"经济学\",\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q3\",\"JCRName\":\"ECONOMICS\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Land Economics","FirstCategoryId":"96","ListUrlMain":"https://doi.org/10.3368/le.98.1.110519-0159r2","RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"ECONOMICS","Score":null,"Total":0}
Environmental Disasters and Property Values: Evidence from Nepal’s Forest Fires
This article uses satellite data on real-time active fire locations to evaluate the effect of forest fires on property values in Nepal. Results show that an additional unit increase in fire radiative power from last month’s forest fires causes a 0.61% decrease in residential property values. Property values decline by 4.48% for every additional unit increase in the number of forest fire incidents over the past year. These estimates suggest that policy makers should prioritize wildfire-risk awareness and fire-prevention programs in areas with higher levels of declined property values associated with recurring forest fire incidents.
期刊介绍:
Land Economics is dedicated to the study of land use, natural resources, public utilities, housing, and urban land issues. Established in 1925 by the renowned economist and founder of the American Economic Association, Richard T. Ely at the University of Wisconsin, Land Economics has consistently published innovative, conceptual, and empirical research of direct relevance to economists. Each issue brings the latest results in international applied research on such topics as transportation, energy, urban and rural land use, housing, environmental quality, public utilities, and natural resources.