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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: Clark, Matthew
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)
Research Category: Economics and Decision Sciences
Description:
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).
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 33 publications | 6 publications in selected types | All 4 journal articles |
| 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) |
not available |
Patuxent watershed, Maryland, MD, hazard/duration models, hedonic models, spatial econometrics, residential development, land use change, open space. , Economic, Social, & Behavioral Science Research Program, Water, Geographic Area, Scientific Discipline, RFA, Water & Watershed, decision-making, Economics & Decision Making, Watersheds, Ecology and Ecosystems, Economics, State, Maryland (MD), ecosystem valuation, Patuxent Watershed, policy analysis, preference formation, public policy, public resources, riparian forests, decision analysis, economic objectives, hedonic models, landscape ecology, environmental policy, cost effectiveness, valuing environmental quality, spatial econometrics, aquatic ecosystems, cost/benefit analysis, biodiversity option values, public values, valuation, environmental assets, economic benefits, economic incentives, environmental values
Relevant Websites:
http://www.clarku.edu/~jgeogheg/jmg_page.html
Progress and Final Reports:
Original Abstract
Final Report