Reference : Neighborhood green and services diversity effects on land prices: evidence from a mul...

	Document type :	Scientific journals : Article
	Discipline(s) :	Social & behavioral sciences, psychology : Human geography & demography Business & economic sciences : Special economic topics (health, labor, transportation…)
	To cite this reference:	http://hdl.handle.net/10993/21381

Title :	Neighborhood green and services diversity effects on land prices: evidence from a multilevel hedonic analysis in Luxembourg
Language :	English
Author, co-author :	Glaesener, Marie-Line [University of Luxembourg > Faculty of Language and Literature, Humanities, Arts and Education (FLSHASE) > Identités, Politiques, Sociétés, Espaces (IPSE) >]
	Caruso, Geoffrey [University of Luxembourg > Faculty of Language and Literature, Humanities, Arts and Education (FLSHASE) > Identités, Politiques, Sociétés, Espaces (IPSE) >]
Publication date :	Nov-2015
Journal title :	Landscape and Urban Planning
Publisher :	Elsevier Science
Volume :	143
Pages :	100-111
Peer reviewed :	Yes (verified by ORBilu)
Audience :	International
ISSN :	0169-2046
Keywords :	[en] hedonic pricing ; multilevel approach ; cross-regressive model ; land-use diversity ; neighborhood amenities
Abstract :	[en] The article aims at revealing the role of green space diversity and the mix of neighborhood services on the price of residential land in Luxembourg. We use a multilevel approach to estimate a hedonic model in order to benefit from the hierarchical structure of the data and to reveal spatial heterogeneity in the valuation of these neighborhood qualities. In addition to standard accessibility and socio-economic variables, we include geographical variables in the form of neighborhood mix indices and a Shannon diversity index of land-uses. Via a spatial cross-regressive specification we also test whether our nested levels are able to capture most of the spatial dependence. Our results show that the presence of a mix of services and green space does not directly impact prices, but that the diversity of land-uses (Shannon index) matters, and has negative effects when considered within immediate proximity and positive effects within a walking distance. Land use effects however vary spatially and emphasize the contrast between regions that are particularly attractive and picturesque, and the former industrial conurbation. In our case we also show the ability of the multilevel approach to capture spatial auto-correlation effects.
Funders :	Fonds National de la Recherche - FnR
Target :	Researchers ; Professionals ; Students
Permalink :	http://hdl.handle.net/10993/21381
DOI :	10.1016/j.landurbplan.2015.06.008
Other URL :	http://www.sciencedirect.com/science/article/pii/S0169204615001334
Commentary :	Highlights • First multilevel hedonic model with landscape amenities and neighbourhood services. • Opposite effects of landscape diversity at different distances. • Spatial heterogeneity effects in the valuation of local land-use diversity. • No impact of services diversity at sub-municipal scale. • Multilevel model captures context effects and spatial autocorrelation.
FnR project :	FnR ; AFR grant number: PHD-09-095

	File(s) associated to this reference
	Fulltext file(s): File Commentary Version Size Access Limited access GlaesenerCaruso2015LUP_vol143_p100_111.pdf Publisher postprint 2.84 MB Request a copy

All documents in ORBi^lu are protected by a user license.

 

University of Luxembourg Library |  Feedback |  Legal notices Site Map