The Role of Built, Human, Social, and Natural Capital in Determining Land Values, and the Influence of Demographics upon this Relationship

Kenneth Mulder, Austin Troy and Roelof Boumans

Spatial Economic Analysis, 2007, vol. 2, issue 2, 135-156

Abstract: Abstract We use various statistical methods to compare the extent to which different households are willing to invest in and pay for access to four types of capital—built, human, natural, and social. We further assess to what extent such preferences can be predicted by a measure of neighbourhood demographics. We develop indicators for each of the four types of capital at the census block group level for Baltimore, MD, USA. We use analysis of variance to examine differences in these indicators between demographic groups and multiple linear regression to examine the influence on unimproved land values of the four types of capital.

Keywords: Spatial development; land values; natural capital; social capital; R14; R32 (search for similar items in EconPapers)
Date: 2007
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Citations: View citations in EconPapers (1)

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DOI: 10.1080/17421770701343264

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