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http://dx.doi.org/10.15266/KEREA.2016.25.2.199

Effects of Socioeconomic Factors and Forest Environments on Demand for Rural Residential Development  

Lee, Yohan (Saemaul Studies & International Development, Yeungnam University)
Ji, Seongtae (Farmer Service Center for FTA Implementation, Korea Rural Economic Institute)
Publication Information
Environmental and Resource Economics Review / v.25, no.2, 2016 , pp. 199-228 More about this Journal
Abstract
This study investigates the effects of economic factors and forest environments on rural residential area development in seven north central states of the U.S. by focusing on the relative importance of not only economic factors but also forest environments by forest type as core drivers of residential development. An empirical model of locations and magnitudes of population changes since 1950 in the north central region is first constructed, and then a panel model with fixed effects for counties is used to explain population growth by age group over time at the county level. Then a set of three equations is estimated for three major age groups, and a cross-sectional model is estimated for the last time period that regresses county-level environmental amenity variables on fixed effects coefficients for counties. Finally, an equation explaining changes in rural housing density is estimated. The results imply that immigrant age is a key factor influencing the choice of the place of residence and that the effects of environmental amenity factors on population growth and subsequent housing development in a county vary according to the age group.
Keywords
Housing Demand; Economic Factors; Forest Amenities; Age Group; Population Change; Panel Model;
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