Benefits of diesel emission regulations: Evidence from the World's largest low emission zone
Cheolmin Kang,
Mitsuru Ota and
Koichi Ushijima
Journal of Environmental Economics and Management, 2024, vol. 125, issue C
Abstract:
We examined the impact of diesel emission regulations on air quality, land prices, and infant health in the Tokyo metropolitan area. The results reveal that as air pollution concentrations improved, land prices increased more in areas with higher diesel vehicle traffic, even after controlling for non-regulated vehicle traffic. In contrast, the concentrations of non-regulated air pollutants were unaffected. Estimates based on the hedonic approach show that the benefit of air quality improvement in the metropolitan area is about 14 times the cost. Improved air quality also improved infant health. The improvement in infant mortality with a one-unit improvement in suspended particulate matter was similar in magnitude to published results from the United States.
Keywords: Low emission zone; Diesel emission regulations; Air pollution; Land price; Infant health (search for similar items in EconPapers)
JEL-codes: I12 J13 L62 Q53 Q58 R23 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:jeeman:v:125:y:2024:i:c:s0095069624000184
DOI: 10.1016/j.jeem.2024.102944
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