Valuing public and private urban tree canopy cover

Ram Pandit, Maksym Polyakov and Rohan Sadler

Australian Journal of Agricultural and Resource Economics, 2014, vol. 58, issue 3, 453-470

Abstract: type="main" xml:id="ajar12037-abs-0001">

In this paper, we estimate the effect of tree canopy cover on sales price of urban residential properties in Perth, Western Australia. Using a data set of 5606 single family homes sold in 2009 and a spatial hedonic model with three spatial effects – spatial-temporal lag on dependent variable, spatial error, and spatially lagged independent variables – we estimated the location-specific effect of tree canopy cover. Tree canopy cover increases the property value when located on adjacent public space, but decreases the value when it is on own property and on the adjacent property within 20 m of property boundary. The results are suggestive that council urban tree planting programs provide significant private benefits to homeowners.

Date: 2014
References: Add references at CitEc
Citations: View citations in EconPapers (9)

Downloads: (external link)
http://hdl.handle.net/10.1111/ajar.2014.58.issue-3 (text/html)
Access to full text is restricted to subscribers.

Related works:
Journal Article: Valuing public and private urban tree canopy cover (2014)
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:bla:ajarec:v:58:y:2014:i:3:p:453-470

Ordering information: This journal article can be ordered from
http://ordering.onli ... 1111/(ISSN)1467-8489

Access Statistics for this article

Australian Journal of Agricultural and Resource Economics is currently edited by John Rolfe, Lin Crase and John Tisdell

More articles in Australian Journal of Agricultural and Resource Economics from Australian Agricultural and Resource Economics Society Contact information at EDIRC.
Bibliographic data for series maintained by Wiley Content Delivery ().