Green Urban Areas

Pierre Picard and Thi Thu Huyen Tran ()
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Thi Thu Huyen Tran: CREA, Université du Luxembourg

DEM Discussion Paper Series from Department of Economics at the University of Luxembourg

Abstract: This paper studies the size and location of urban green areas across city spaces. Urban green areas offer amenities that affect residential choices, land consumption and land rent. This paper discusses the socially optimal sizes and locations of urban green areas within a city and their decentralized allocation through land markets. The main result is that the share of land dedicated to urban green areas is a concave function of the distance to the city center. This result is confirmed by the empirical study of urban structures in the 305 largest EU cities. The importance of urban green areas is finally assessed by a counterfactual analysis, where 50% of urban green areas are removed in each city.

Keywords: Urban green areas; urban spatial structure; land use policy; amenities; optimal locations; public facilities; structural estimation. (search for similar items in EconPapers)
JEL-codes: C61 D61 D62 R14 R53 (search for similar items in EconPapers)
Date: 2019
New Economics Papers: this item is included in nep-env, nep-ore and nep-ure
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Persistent link: https://EconPapers.repec.org/RePEc:luc:wpaper:19-03

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