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http://dx.doi.org/10.7851/Ksrp.2020.26.3.103

The Effects of Non-Preferred Facilities on Land Prices in Urban and Rural Areas using Spatial Econometrics  

Jeon, Jeongbae (Spatial Information Research Institute, Korea Land and Geospatial Informatix Corporation)
Kwon, Sung Moon (Division of Urban Landscape, Daegu University)
Publication Information
Journal of Korean Society of Rural Planning / v.26, no.3, 2020 , pp. 103-113 More about this Journal
Abstract
Land price can be affected by convenience or psychological repulsion like PIMFY (Please In My Front Yard) or NIMBY (Not In My Back Yard) for various facilities. The purpose of this study is to evaluate whether non-preferred facilities are related to NIMBY impact that negatively affect land prices using the spatial econometrics models which are spatial autoregressive models (SAR), spatial errors models (SEM), and general spatial model (SAC). The land price in urban area increases by 0.07-0.2% when the distance from aversion facilities increases by 1%. However, the land price in rural areas decreases when the distance from aversion or pollution facilities increase. Therefore, these facilities in rural areas located in the areas with higher land price because funeral homes located in center of rural administrative areas and charnel house or crematorium located in the fringe of urban areas. That is, this study explain the difference between land price and non-preferred facilities in urban and rural areas and why there are more N IMBY symptoms in urban areas.
Keywords
Land price; Non-preferred facility; Spatial Econometrics; NIMBY; Urban; Rural;
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