Externality impacts of “Not in My Backyard” facilities on property values: Evidence from the Hangzhou waste sorting and reduction complex projects

《Externality impacts of “Not in My Backyard” facilities on property values: Evidence from the Hangzhou waste sorting and reduction complex projects》

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作者: Haizhen Wen;Shuyuan Li;Eddie C.M. Hui;Yue Xiao;Hongjie Liu

来源: HABITAT INTERNATIONAL,Vol.125,P.102583

语言: 英文

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作者单位: School of Spatial Planning and Design, Zhejiang University City College, Hangzhou, 310015, China;Center for Real Estate Studying, Zhejiang University, Hangzhou, 310058, China;Department of Civil Engineering, Zhejiang University, Hangzhou, 310058, China;Department of Building and Real Estate, Hong Kong Polytechnic University, Hong Kong, China;School of Public Administration, Zhejiang University of Finance & Economics, Hangzhou, 310018, China;Polytechnic Institute, Zhejiang University, Hangzhou, 310058, China;School of Spatial Planning and Design, Zhejiang University City College, Hangzhou, 310015, China;Center for Real Estate Studying, Zhejiang University, Hangzhou, 310058, China;Department of Civil Engineering, Zhejiang University, Hangzhou, 310058, China;Department of Building and Real Estate, Hong Kong Polytechnic University, Hong Kong, China;School of Public Administration, Zhejiang University of Finance & Economics, Hangzhou, 310018, China;Polytechnic Institute, Zhejiang University, Hangzhou, 310058, China;Department of Civil and Environmental Engineering, College of Engineering, Design, Art and Technology, Makerere University, P.O. Box 7062, Kampala, Uganda;Department of Environmental Management, College of Agricultural and Environmental Sciences, Makerere University, P.O. Box 7062, Kampala, Uganda;Public Health and Environment, Kampala Capital City Authority (KCCA), P.O. Box 7010, Kampala, Uganda;Hub – Africa, A Citywide Inclusive Sanitation (CWIS) initiative by the Bill and Melinda Gates Foundation, P.O. Box 5941, Dakar, Senegal;MEIR Engineering & Research Ltd, P.O. Box 3701, Kampala, Uganda;School of Applied Economics, Renmin University of China, Beijing, 100872, China;Department of Urban Design and Studies, Chung-Ang University, Seoul, South Korea;Center for the Promotion of Social Data Science Education and Research, Hitotsubashi University, 2-1, Naka, Kunitachi, Tokyo, 186-8601, Japan;Department of Urban Engineering, The University of Tokyo, 7-3-1, Hongo, Bunkyo-ku, Tokyo, 113-8656, Japan;School of Economics and Management, Southeast University, 2 Southeast University Road, Jiangning District, Nanjing, 211189, China;National School of Development and Policy, Southeast University, Nanjing, 211189, China;Business School, The University of Western Australia, 35 Stirling Highway, Crawley, Western Australia, Australia;Business School, Shenzhen Technology University, China;Federation Business School, Federation University, Australia

摘要: Addressing the "Not in My Backyard" (NIMBY) claims as an issue in sustainable urban management. A common challenge is to determine how residents evaluate the attributes of NIMBY facilities and what factors could influence their evaluations. Using the Waste Sorting and Reduction Complex (WSRC) Projects in Hangzhou, China as a case study, this study develops hedonic price models to assess the externality impacts of the projects on property values in the planning phase and finds that WSRCs depress property values. More available public information changed the way residents evaluate the scale and environmental investments of WSRCs. We find that the landscapes have interactive effects on the externalities of WSRCs, as evidenced by the fact that the proximity to Xixi Wetland and parks reduces the negative impact of WSRCs on property values to a certain extent. We also analyze local effects by employing the geographically weighted regression model, showing that externality effects of WSRCs are heterogeneous in urban space. Findings provide a vital reference for local authorities to take residents' preferences into account in planning decisions and adopt compensation initiatives to address NIMBY issues.