The recreational services value of the nearest periurban forest versus the global forest environment

Laetitia Tuffery

No 16-06, Documents de recherche from Centre d'Études des Politiques Économiques (EPEE), Université d'Evry Val d'Essonne

Abstract: Most of previous forest recreational service valuation studies using hedonic methods have focused on direct proximity of housing to the nearest forest while treating the recreational services as homogeneous. However, households in urban and periurban areas may prefer diverse forest areas in their neighborhood. The main objective of this study is to estimate and compare the impacts of proximity to forest recreational services based on the nearest forest and the global forest environment, which includes spatially heterogeneous recreational quality. The global forest environment is computed from the forest recreational services with respect to travel time to the housing. Empirical results show that major differences exist between the forests' valuations and their recreational services depending on which forest environment is considered. The size of the nearest forest is the only characteristic with a positive and significant impact on housing prices. Conversely, the global forest environment positively impacts housing prices based on certain parameters, such as large forest size, no protected areas and the existence of hiking and biking paths, which implies public access and maintenance.

Keywords: recreational services; global forest environment; hedonic price method; spatial analysis (search for similar items in EconPapers)
JEL-codes: Q26 Q57 R14 R21 (search for similar items in EconPapers)
Pages: 27 pages
Date: 2016
New Economics Papers: this item is included in nep-agr and nep-env
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