The Effect of Community Gardens on Neighboring Property Values
利用纽约市数据，通过双重差分特征回归模型，发现社区花园对周边房产价值有显著正向影响，尤其在贫困社区和高品质花园中效果更明显。
Cities across the United States that have considerable vacant land are debating whether to foster community gardens on that land, while cities with land shortages are debating when to replace gardens with other uses. Meanwhile, many cities are looking for new ways to finance green spaces. Little empirical evidence about the neighborhood impacts of community gardens is available, however, to inform the debate or to help cities design financing schemes. This article estimates the impact of community gardens on neighborhood property values, using rich data for New York City and a difference‐in‐difference specification of a hedonic regression model. We find that gardens have significant positive effects, especially in the poorest neighborhoods. Higher‐quality gardens have the greatest positive impact.