Skip to Main Content
U.S. Forest Service
Caring for the land and serving people

United States Department of Agriculture

Home > Search > Publication Information

  1. Share via EmailShare on FacebookShare on LinkedInShare on Twitter
    Dislike this pubLike this pub
    Author(s): Seong-Hoon Cho; J. Michael Bowker; William M. Park
    Date: 2006
    Source: Journal of Agricultural and Resource Economics, Vol. 31(3): 485-507
    Publication Series: Miscellaneous Publication
    PDF: View PDF  (1.61 MB)

    Description

    This study estimates the influence of proximity to water bodies and park amenities on residential housing values in Knox County, Tennessee, using the hedonic price approach. Values for proximity to water bodies and parks are first estimated globally with a standard ordinary least squares (OLS) model. A locally weighted regression model is then employed to investigate spatial nonstationarity and generate local estimates for individual sources of each amenity. The local model reveals some important local differences in the effects of proximity to water bodies and parks on housing price.

    Publication Notes

    • You may send email to pubrequest@fs.fed.us to request a hard copy of this publication.
    • (Please specify exactly which publication you are requesting and your mailing address.)
    • We recommend that you also print this page and attach it to the printout of the article, to retain the full citation information.
    • This article was written and prepared by U.S. Government employees on official time, and is therefore in the public domain.

    Citation

    Cho, Seong-Hoon; Bowker, J. Michael; Park, William M. 2006. Measuring the contribution of water and green space amenities to housing values: an application and comparison of spatially weighted hedonic models. Journal of Agricultural and Resource Economics, Vol. 31(3): 485-507

    Keywords

    hedonic model, locally weighted regression, park, spatial, water bodies

    Related Search


    XML: View XML
Show More
Show Fewer
Jump to Top of Page
https://www.fs.usda.gov/treesearch/pubs/26380