Grantee Research Project Results
1997 Progress Report: Ecosystem Valuation Policy Applications for the Patuxent Watershed Ecological-Economics Model
EPA Grant Number: R825309Title: Ecosystem Valuation Policy Applications for the Patuxent Watershed Ecological-Economics Model
Investigators: Geoghegan, Jacqueline
Institution: Clark University
EPA Project Officer: Chung, Serena
Project Period: January 1, 1997 through December 31, 1998
Project Period Covered by this Report: January 1, 1997 through December 31, 1998
Project Amount: $104,685
RFA: Decision-Making and Valuation for Environmental Policy (1996) RFA Text | Recipients Lists
Research Category: Environmental Justice
Objective:
This grant continues support for a research project that is the first comprehensive work in economic modeling that makes use of spatial data. Specifically, this grant funds research to further develop the Patuxent Watershed economic model of land use and land use change for use in policy analysis.Progress Summary:
Data development has included creating a dynamic spatial database of land use change decisions, as well as increasing our spatial data layers such as historic zoning information and more detailed information on locally undesirable land uses. New spatial hedonic models of residential land values have been developed that focus on the contribution of the value to residential land values of different forms of open space in the neighborhood of a land parcel. Progress has also been made on developing new econometric models of land use change using a duration modeling approach for estimation.
Accomplishments and Research Results:
Creation of a unique
spatially dissaggregate database on dynamic land use decisions. Econometric
results on residential land values that demonstrate that individuals value the
contribution of open spaces in their neighborhood differently when they are
purchasing residential land. "Private" open space (such as agricultural and
forestry land uses) are not as highly valued as permanent open space (park
lands).
Future Activities:
Modeling advances on endogenous zoning, linking land use model with simulation model of the benefits and costs of riparian forest buffers, impact of locally undesirable land uses on land values and land use change.Journal Articles on this Report : 1 Displayed | Download in RIS Format
Other project views: | All 34 publications | 8 publications in selected types | All 4 journal articles |
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Type | Citation | ||
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Geoghegan J, Wainger LA, Bockstael NE. Spatial landscape indices in a hedonic framework: an ecological economics analysis using GIS. Ecological Economics 1997;23(3):251-264. |
R825309 (1997) R825309 (Final) R824766 (1998) R824766 (Final) |
Exit Exit Exit |
Supplemental Keywords:
Patuxent watershed, Maryland, MD, hazard/duration models, hedonic models, spatial econometrics, residential development, land use change, open space., RFA, Economic, Social, & Behavioral Science Research Program, Scientific Discipline, Geographic Area, Water, Water & Watershed, State, Economics, decision-making, Ecology and Ecosystems, Watersheds, Economics & Decision Making, ecosystem valuation, policy analysis, public resources, biodiversity option values, valuation, decision analysis, economic benefits, environmental assets, valuing environmental quality, spatial econometrics, cost benefit, economic incentives, environmental values, preference formation, riparian forests, cost/benefit analysis, environmental policy, landscape ecology, Maryland (MD), aquatic ecosystems, hedonic models, public values, public policy, Patuxent Watershed, cost effectivenessRelevant Websites:
http://www.clarku.edu/~jgeogheg/jmg_page.html
Progress and Final Reports:
Original AbstractThe perspectives, information and conclusions conveyed in research project abstracts, progress reports, final reports, journal abstracts and journal publications convey the viewpoints of the principal investigator and may not represent the views and policies of ORD and EPA. Conclusions drawn by the principal investigators have not been reviewed by the Agency.