Impact of a Disaster on Land Price: Evidence from Fukushima Nuclear Power Plant Accident

Shunsuke Managi and Kenta Tanaka

MPRA Paper from University Library of Munich, Germany

Abstract: The Great East Japan Earthquake, which occurred on March 11, 2011, triggered the Fukushima nuclear power plant accident. This study estimates the economic damage caused by the radioactive contamination from the plant using a hedonic approach. Our estimation results show that an increase of 1 decreases the land price by 3.39% on average in Fukushima and Miyagi prefectures. Specifically, damage due to the radiation effect is estimated to cost approximately 64.1 billion yen in Fukushima. In addition, our result shows that commercial and business areas are more sensitive than residential areas to the radiation quantity.

Keywords: Disaster; Hedonic model; Nuclear power plant accident; Land use type (search for similar items in EconPapers)
JEL-codes: Q52 R19 (search for similar items in EconPapers)
Date: 2014-10
New Economics Papers: this item is included in nep-ene and nep-ure
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/59358/1/MPRA_paper_59358.pdf original version (application/pdf)

Related works:
Journal Article: IMPACT OF A DISASTER ON LAND PRICE: EVIDENCE FROM FUKUSHIMA NUCLEAR POWER PLANT ACCIDENT (2016)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:59358

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().