Risques industriels et zone naturelle estuarienne: une analyse hédoniste spatiale
Morgane Chevé () and
Gildas Appéré ()
Economie & Prévision, 2009, vol. n° 190-191, issue 4, 135-158
Using the spatial hedonic price method, we analyze the impact of the proximity of petrochemical parks on housing pricesin the estuary area of Port-Jérôme (Seine-Maritime, France) over the period 2001-2002. The simultaneous presence oftwo natural assets (the Seine river and the Vernier marshland) makes this analysis more complex. Our results show that thepresence of Seveso-classified industries near dwellings strongly depreciates selling prices, yet this effect was notaccentuated by the September 2001 explosion of the AZF factory in Toulouse. We also show that the proximity of naturalassets, far from offsetting the negative presence of the petrochemical parks, steepens the price decline.
Keywords: hedonic price method; industrial hazard; spatial econometrics; geographic information system (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:cai:ecoldc:ecop_190_0135
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