Real Estate Valuation and Cross-Boundary Air Pollution Externalities: Evidence from Chinese Cities

Siqi Zheng1, Jing Cao2, Matthew E. Kahn3, Cong Sun1
1Department of Construction Management and Hang Lung Center for Real Estate, Tsinghua University, Beijing, China
2School of Economics and Management and CCWE, Tsinghua University, Beijing, China
3UCLA and NBER, Los Angeles, USA

Tóm tắt

Từ khóa


Tài liệu tham khảo

Ai, N. (2003). Socioeconomic impact analysis of yellow-dust storms: A case study in Beijing. China: Unpublished Master Thesis, MIT.

Almond, D., Chen, Y., Greenstone, M., & Li, H. (2009). Winter heating or clean air? Unintended impacts of China’s Huai River policy. American Economic Review Papers and Proceedings, 99(2), 184–190.

Andrews, S. (2008). Inconsistencies in air quality metrics: ‘Blue Sky’ days and PM10 concentrations in Beijing. Environmental Research Letters, 3(3), 034009.

Bayer, P., Keohane, N., & Timmins, C. (2009). Migration and hedonic valuation: the case of air quality. Journal of Environmental Economics and Management, 58(1), 1–14.

Blomquist, G., Berger, M., & Hoen, J. (1988). New estimates of quality of life in urban areas. American Economic Review, 78(1), 89–107.

Chau, K., Wong, S., Chan, A., & Lam, K. (2006). How do people price air quality: empirical evidence from Hong Kong. Presented at the 12th Annual Conference of the Pacific Rim Real Estate Society, Auckland, New Zealand, 22–25.

Chay, K., & Greenstone, M. (2003). The impact of air pollution on infant mortality: evidence from geographic variation in pollution shocks induced by a recession. Quarterly Journal of Economics, 118(3), 1121–1167.

Chen, Y., Ginger, Z., Kumar, N., & Shi, G. (2011). The promise of Beijing: evaluating the impact of the 2008 Olympic Games on air quality. NBER Working Paper, 16907.

Chun, Y. (2000). The yellow-sand phenomenon recorded in the “Joseon Wangjosillok” (in Korean). Journal of the Korean Meteorological Society, 36(2), 285–292.

Costa, D., & Kahn, M. (2004). Changes in the value of life, 1940–1980. Journal of Risk and Uncertainty, 29(2), 159–180.

Dockery, D., Pope, A., Xu, X., Spengler, J., Ware, J., Fay, M., et al. (1993). An association between air pollution and mortality in six U.S. cities. The New England Journal of Medicine, 329(24), 1753–1759.

Edgilis. (2009). Outdoor air pollution in Asian cities: challenges and strategies—Hong Kong case study. Singapore.

Gyourko, J., & Tracy, J. (1991). The structure of local public finance and the quality of life. Journal of Political Economy, 91(4), 774–806.

Ho, M., & Nielsen, C. (2007). Clearing the air: The health and economic damages of air pollution in China. Cambridge: MIT Press.

Kahn, M. (1999). The silver lining of Rust Belt manufacturing decline. Journal of Urban Economics, 46(3), 360–376.

Liu, J., Mauzerall, D. L., & Horowitz, L. W. (2008). Source-receptor relationships between East Asian sulfur dioxide emissions and Northern Hemisphere sulfate concentrations. Atmospheric Chemistry and Physics, 8(14), 3721–3733.

McKendry, I., Hacker, J., Stull, R., Sakiyama, S., Mignacca, D., & Reid, K. (2001). Long-range transport of Asian dust to the Lower Fraser Valley, British Columbia, Canada. Journal of Geophysical Research, 106(D16), 18361–18370.

Pope, A., Burnett, R., Thun, M., Calle, E., Krewski, D., Ito, K., et al. (2002). Lung cancer, cardiopulmonary mortality and long-term exposure to fine particulate air pollution. Journal of the American Medical Association, 287(9), 1132–1141.

Rauch, J. (1993). Productivity gains from geographic concentration of human capital: evidence from the cities. Journal of Urban Economics, 34(3), 380–400.

Rosen, S. (2002). Markets and diversity. American Economic Review, 92(1), 1–15.

Saikawa, E., Naik, V., Horowitz, L. W., Liu, J., & Mauzerall, D. L. (2009). Present and potential future contributions of sulfate, black and organic carbon aerosols from China to global air quality, Premature Mortality and Radiative Forcing. Atmospheric Environment, 43(17), 2814–2822.

Selden, T., & Song, D. (1995). Neoclassical growth, the J curve for abatement, and the inverted U curve for pollution. Journal of Environmental Economics and Management, 29(2), 162–168.

Simonich, S. (2009). Response to comments on “Atmospheric particulate matter pollution during the 2008 Beijing Olympics”. Environmental Science and Technology, 43(14), 5314–5320.

Tang, X., Shao, M., Hu, M., Wang, Z., & Zhang, J. (2009). Comment on “Atmospheric particulate matter pollution during the 2008 Beijing Olympics”. Environmental Science and Technology, 43, 7588.

Tong, D., & Mauzerall, D. (2008). Summertime state-level source-receptor relationships between nitrogen oxide emissions and downwind surface ozone concentrations over the continental United States. Environmental Science and Technology, 42(21), 7976–7984.

Wang, X., & Mauzerall, D. (2006). Evaluating impacts of air pollution in China on public health: Implications for future air pollution and energy policies. Atmospheric Environment, 40(9), 1706–1721.

Wang, W., Primbs, T., Tao, S., & Simonich, S. M. (2009). Atmospheric particulate matter pollution during the 2008 Beijing Olympics. Environmental Science and Technology, 43(14), 5314–5320.

World Bank. (2007a). Cost of pollution in China. Washington, DC: World Bank.

World Bank. (2007b). World development indicators. Washington, DC: World Bank.

World Bank. (2009). Cost of pollution in China. Washington, DC: World Bank.

Yao, X., Xu, X., Sabaliauskas, K., & Fang, M. (2009). Comment on “Atmospheric particulate matter pollution during the 2008 Beijing Olympics”. Environmental Science and Technology, 43, 7589.

Zabel, J., & Kiel, K. (2000). Estimating the demand for air quality in four U.S. cities. Land Economics, 76(2), 174–194.

Zheng, S., Fu, Y., & Liu, H. (2009). Demand for urban quality of living in China: evidence from cross-city land rent growth. Journal of Real Estate Finance and Economics, 38(3), 194–213.

Zheng, S., Kahn, M., & Liu, H. (2010). Towards a system of open cities in China: home prices, FDI flows and air quality in 35 major cities. Regional Science and Urban Economics, 40(1), 1–10.