Grantee Research Project Results

1997 Progress Report: Ecosystem Valuation Policy Applications for the Patuxent Watershed Ecological-Economics Model

EPA Grant Number: R825309
Title: 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

Publications Views

Other project views:	All 34 publications	8 publications in selected types	All 4 journal articles

Publications

Type	Citation	Project	Document Sources
Journal Article	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)	Full-text: ScienceDirect-Full Text HTML Exit Abstract: ScienceDirect-Abstract Exit Other: ScienceDirect-Full Text PDF Exit

Supplemental Keywords:

Patuxent watershed, Maryland, MD, hazard/duration models, hedonic models, spatial econometrics, residential development, land use change, open space., RFA, Scientific Discipline, Geographic Area, Water, Economic, Social, & Behavioral Science Research Program, Economics & Decision Making, State, Economics, Watersheds, decision-making, Water & Watershed, Ecology and Ecosystems, economic objectives, public values, economic benefits, landscape ecology, public resources, valuing environmental quality, cost benefit, ecosystem valuation, policy analysis, cost effectiveness, riparian forests, biodiversity option values, cost/benefit analysis, environmental values, public policy, spatial econometrics, decision analysis, economic incentives, valuation, hedonic models, Patuxent Watershed, aquatic ecosystems, environmental assets, environmental policy, preference formation

Relevant Websites:

http://www.clarku.edu/~jgeogheg/jmg_page.html

Progress and Final Reports:

Original Abstract

Final Report