HISTORIC AMENITIES AND HOUSING EXTERNALITIES: EVIDENCE FROM THE NETHERLANDS

被引：36
|
作者：
Koster, Hans R. A.
Rouwendal, Jan
机构：
[1] Vrije Univ Amsterdam, Amsterdam, Netherlands
[2] Tinbergen Inst, Amsterdam, Netherlands
来源：
ECONOMIC JOURNAL | 2017年 / 127卷 / 605期
关键词：
PROPERTY-VALUES; PRESERVATION; DESIGNATION; HOUSEHOLDS; HERITAGE; QUALITY; PRICES;
D O I：
10.1111/ecoj.12477
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
We study the economic effects of public investments in historic amenities by looking at their impact on house prices. We distinguish between direct and indirect effects of investments. A nationwide housing transaction is used as well as data on investments in cultural heritage. A 1 million euro per square kilometre increase in investments in cultural heritage leads to a price increase of 1.5-3.0% of non-targeted buildings. We do not find evidence that the maintenance state of non-eligible properties is improved, suggesting that any price effect due to investments in cultural heritage is a direct effect of investments.
引用
收藏
页码：F396 / F420
页数：25
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