VALUING THE “GREEN” AMENITIES IN A SPATIAL CONTEXT
利用中国特大城市的土地市场数据，采用空间计量方法估计公园等绿色便利设施的邻近价值，发现土地开发商显著重视公园邻近性，且这种价值在空间上分布不均。
ABSTRACT Despite extensive public infrastructure spending, little is known about the benefits of access to “green amenities” like parks within cities. This paper uses spatial econometric methods to estimate the value of proximity to parks using land markets in a Chinese megacity. Our research design captures mechanisms of spatial interaction effects and highlights the importance of avoiding the biases inherent in the traditional valuation approach. Our results suggest that land adjacent to parks is significantly valued by land developers and that these valuations are not distributed evenly over space. Our evidence provides support for considering locations in explaining the amenity value differentials that are grounded in the social, economic, and local contextual forces at stake.