Price premium for green open space and tree cover in the city of Buenos Aires

Autores
Zoloa, Juan Ignacio; Rabassa, Mariano
Año de publicación
2017
Idioma
inglés
Tipo de recurso
documento de conferencia
Estado
versión publicada
Descripción
Green areas provide aesthetic, recreational, social, and environmental benefits to surrounding communities. Local governments usually face many challenges while deciding on the protection of existing green space or the creation of new one. Understanding the direct economic impacts of green areas on neighboring properties can help with the economic and political decision-making. The aim of this study is to estimate individuals’ valuations of green space in a highly densely populated city like Buenos Aires, Argentina. This paper applies spatial hedonic price models to obtain the value of urban green areas, urban trees, and tree cover. The results show a price premium for all green variables, and that not all trees are valued equally. Also, results suggest that more diversity increase the monetary value of a property. Results from this study could help inform the debate on the true opportunity costs of allowing construction over unused parcels of land in Buenos Aires.
Facultad de Ciencias Económicas
Materia
Ciencias Económicas
Green open spaces
Tree cover
Urban economics
Hedonic models
Spatial econometrics
Buenos Aires
Nivel de accesibilidad
acceso abierto
Condiciones de uso
http://creativecommons.org/licenses/by-nc-sa/4.0/
Repositorio
SEDICI (UNLP)
Institución
Universidad Nacional de La Plata
OAI Identificador
oai:sedici.unlp.edu.ar:10915/123469
Acceder
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network_name_str SEDICI (UNLP)
spelling Price premium for green open space and tree cover in the city of Buenos AiresZoloa, Juan IgnacioRabassa, MarianoCiencias EconómicasGreen open spacesTree coverUrban economicsHedonic modelsSpatial econometricsBuenos AiresGreen areas provide aesthetic, recreational, social, and environmental benefits to surrounding communities. Local governments usually face many challenges while deciding on the protection of existing green space or the creation of new one. Understanding the direct economic impacts of green areas on neighboring properties can help with the economic and political decision-making. The aim of this study is to estimate individuals’ valuations of green space in a highly densely populated city like Buenos Aires, Argentina. This paper applies spatial hedonic price models to obtain the value of urban green areas, urban trees, and tree cover. The results show a price premium for all green variables, and that not all trees are valued equally. Also, results suggest that more diversity increase the monetary value of a property. Results from this study could help inform the debate on the true opportunity costs of allowing construction over unused parcels of land in Buenos Aires.Facultad de Ciencias Económicas2017-11info:eu-repo/semantics/conferenceObjectinfo:eu-repo/semantics/publishedVersionObjeto de conferenciahttp://purl.org/coar/resource_type/c_5794info:ar-repo/semantics/documentoDeConferenciaapplication/pdfhttp://sedici.unlp.edu.ar/handle/10915/123469enginfo:eu-repo/semantics/altIdentifier/isbn/978-987-28590-5-3info:eu-repo/semantics/altIdentifier/issn/1852-0022info:eu-repo/semantics/openAccesshttp://creativecommons.org/licenses/by-nc-sa/4.0/Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International (CC BY-NC-SA 4.0)reponame:SEDICI (UNLP)instname:Universidad Nacional de La Platainstacron:UNLP2025-09-03T11:01:43Zoai:sedici.unlp.edu.ar:10915/123469Institucionalhttp://sedici.unlp.edu.ar/Universidad públicaNo correspondehttp://sedici.unlp.edu.ar/oai/snrdalira@sedici.unlp.edu.arArgentinaNo correspondeNo correspondeNo correspondeopendoar:13292025-09-03 11:01:43.911SEDICI (UNLP) - Universidad Nacional de La Platafalse
dc.title.none.fl_str_mv Price premium for green open space and tree cover in the city of Buenos Aires
title Price premium for green open space and tree cover in the city of Buenos Aires
spellingShingle Price premium for green open space and tree cover in the city of Buenos Aires
Zoloa, Juan Ignacio
Ciencias Económicas
Green open spaces
Tree cover
Urban economics
Hedonic models
Spatial econometrics
Buenos Aires
title_short Price premium for green open space and tree cover in the city of Buenos Aires
title_full Price premium for green open space and tree cover in the city of Buenos Aires
title_fullStr Price premium for green open space and tree cover in the city of Buenos Aires
title_full_unstemmed Price premium for green open space and tree cover in the city of Buenos Aires
title_sort Price premium for green open space and tree cover in the city of Buenos Aires
dc.creator.none.fl_str_mv Zoloa, Juan Ignacio
Rabassa, Mariano
author Zoloa, Juan Ignacio
author_facet Zoloa, Juan Ignacio
Rabassa, Mariano
author_role author
author2 Rabassa, Mariano
author2_role author
dc.subject.none.fl_str_mv Ciencias Económicas
Green open spaces
Tree cover
Urban economics
Hedonic models
Spatial econometrics
Buenos Aires
topic Ciencias Económicas
Green open spaces
Tree cover
Urban economics
Hedonic models
Spatial econometrics
Buenos Aires
dc.description.none.fl_txt_mv Green areas provide aesthetic, recreational, social, and environmental benefits to surrounding communities. Local governments usually face many challenges while deciding on the protection of existing green space or the creation of new one. Understanding the direct economic impacts of green areas on neighboring properties can help with the economic and political decision-making. The aim of this study is to estimate individuals’ valuations of green space in a highly densely populated city like Buenos Aires, Argentina. This paper applies spatial hedonic price models to obtain the value of urban green areas, urban trees, and tree cover. The results show a price premium for all green variables, and that not all trees are valued equally. Also, results suggest that more diversity increase the monetary value of a property. Results from this study could help inform the debate on the true opportunity costs of allowing construction over unused parcels of land in Buenos Aires.
Facultad de Ciencias Económicas
description Green areas provide aesthetic, recreational, social, and environmental benefits to surrounding communities. Local governments usually face many challenges while deciding on the protection of existing green space or the creation of new one. Understanding the direct economic impacts of green areas on neighboring properties can help with the economic and political decision-making. The aim of this study is to estimate individuals’ valuations of green space in a highly densely populated city like Buenos Aires, Argentina. This paper applies spatial hedonic price models to obtain the value of urban green areas, urban trees, and tree cover. The results show a price premium for all green variables, and that not all trees are valued equally. Also, results suggest that more diversity increase the monetary value of a property. Results from this study could help inform the debate on the true opportunity costs of allowing construction over unused parcels of land in Buenos Aires.
publishDate 2017
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dc.language.none.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv info:eu-repo/semantics/altIdentifier/isbn/978-987-28590-5-3
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dc.rights.none.fl_str_mv info:eu-repo/semantics/openAccess
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eu_rights_str_mv openAccess
rights_invalid_str_mv http://creativecommons.org/licenses/by-nc-sa/4.0/
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