Measuring The Value Of Urban Green Space Using Hedonic Pricing Method

Abstract

Environmental problems are becoming the focus of the world and China. As an important environmental resource, urban green space ecology plays an important role in solving urban environmental problems and urban sustainable development. This paper mainly studies the value evaluation of urban green space resources. To a large extent, the solution of this problem depends on the economic evaluation method of public goods, which will provide better sustainable urban development management suggestions for the government and policy makers. In this paper, the characteristic pricing method is used to price urban green space. The innovation of this study is to add the spatial matrix into the hedonic price method to build a spatial hedonic price model, and to study the role of spatial correlation between different cities in the evaluation of urban green space. This paper selects forest cities in China as samples to demonstrate the ecological value of urban green space and the ecological interaction of green space between different cities, that is, green space resources have spill over effect between cities. This will help improve the environmental efficiency of these solutions, thereby improving the environmental quality of Chinese cities. Based on the analysis of the evaluation results of urban green space economy, the externality of forest city is found out, and some suggestions are put forward for the formulation of sustainable development policies in urbanization areas.

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Publisher

European Publisher

First Online

25.09.2021

Doi

10.15405/epsbs.2021.09.02.83

Online ISSN

2357-1330