Housing prices and environmental hazards: the effects of industrial park openings in Korea
Ju Young Park and
Youngseok Park
Applied Economics Letters, 2025, vol. 32, issue 13, 1887-1899
Abstract:
We explore an empirical examination on the effects of industrial park openings on housing prices in Korea under under hedonic framework. First, the availability of multiple transactions within apartment complexes enables fixed-effects estimation and addresses unobserved heterogeneity across apartment complexes. Second, we trace the effect on housing values from the announcement stage to actual operation stage of industrial parks. Our results indicate housing prices positively respond to an announcement of industrial park opening, but less in areas close to the industrial park. Furthermore, housing prices in close proximity to industrial parks decline when industrial parks begin operation.
Date: 2025
References: Add references at CitEc
Citations:
Downloads: (external link)
http://hdl.handle.net/10.1080/13504851.2024.2331660 (text/html)
Access to full text is restricted to subscribers.
Related works:
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:taf:apeclt:v:32:y:2025:i:13:p:1887-1899
Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/RAEL20
DOI: 10.1080/13504851.2024.2331660
Access Statistics for this article
Applied Economics Letters is currently edited by Anita Phillips
More articles in Applied Economics Letters from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().