Renewable Energy and Negative Externalities: The Effect of Wind Turbines on House Prices
| Autor: | Martijn Dröes, Hans R.A. Koster |
|---|---|
| Přispěvatelé: | Spatial Economics, Finance (ABS, FEB), Faculteit Economie en Bedrijfskunde, ABS RI (FEB) |
| Jazyk: | angličtina |
| Rok vydání: | 2016 |
| Předmět: |
Economics and Econometrics
Wind power Natural resource economics business.industry 020209 energy 05 social sciences Fossil fuel 02 engineering and technology Turbine Renewable energy Urban Studies Offshore wind power House price Economy 0502 economics and business 0202 electrical engineering electronic engineering information engineering Environmental science SDG 7 - Affordable and Clean Energy 050207 economics business Database transaction Externality |
| Zdroj: | Journal of Urban Economics, 96(November), 121-141. Academic Press Inc. Journal of Urban Economics, 96, 121-141. Academic Press Inc. Droes, M I & Koster, H R A 2016, ' Renewable Energy and Negative Externalities: The Effects of Wind Turbines on House Prices ', Journal of Urban Economics, vol. 96, no. November, pp. 121-141 . https://doi.org/10.1016/j.jue.2016.09.001 |
| ISSN: | 1095-9068 0094-1190 |
| Popis: | In many countries, wind turbines are constructed as part of a strategy to reduce dependence on fossil fuels. In this paper, we measure the external effect of wind turbines on the transaction prices of nearby houses. A unique Dutch house price dataset covering the period 1985–2011 is used, as well as the exact location of all wind turbines that were built in the Netherlands. Using a difference-in-differences methodology we find a 1.4% price decrease for houses within 2 km of a turbine. There is also evidence for anticipation effects a few years before placement of a turbine. The effect is larger for taller turbines and in urban areas. Especially the first turbine built close to a house has a negative effect on its price. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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