The value of urban parks in the city of Turin: an application of the geographically weighted regression
Urban green areas provide a wealth of benefits that range from maintenance of natural ecological processes to air and water management, to ameliorating the well- being of local population. Starting from the concept of Total Economic Value, the paper investigates the method of the Geographically Weig...
| Main Authors: | , , , , |
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| Format: | Article |
| Language: | English |
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DEI Tipografia del Genio Civile
2023-11-01
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| Series: | Valori e Valutazioni |
| Subjects: | |
| Online Access: | https://siev.org/6-34-2023/ |
| _version_ | 1797344772882432000 |
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| author | Marta Bottero Paolo Bragolusi Marina Bravi Chiara D’Alpaos Federico Dell’Anna |
| author_facet | Marta Bottero Paolo Bragolusi Marina Bravi Chiara D’Alpaos Federico Dell’Anna |
| author_sort | Marta Bottero |
| collection | DOAJ |
| description | Urban green areas provide a wealth of benefits that range from maintenance of natural ecological processes to air and water management, to ameliorating the well- being of local population. Starting from the concept of Total Economic Value, the paper investigates the method of the Geographically Weighted Regression (GWR) to estimate the value of two urban parks in the city of Turin: Dora Park and Valentino Park. The GWR grounds on to the Hedonic Pricing approach and permits to investigate the spatial patterns of the key variables under investigation. The results of the model show that proximity to parks influence positively real estate prices, and that it emerges a positive Willingness To Pay for environmental goods and services such as those provided by urban green areas. Le aree urbane verdi forniscono una serie di benefici che vanno dal mantenimento dei processi ecologici naturali relativi alla risorsa aria e acqua, fino al miglioramento del benessere della popolazione locale. Partendo dal concetto di Valore Economico Totale, il presente lavoro indaga il metodo della regressione geografica ponderata, ‘Geographically Weighted Regression’ (GWR), per stimare il valore di due parchi urbani della città di Torino: il Parco Dora e il Parco del Valentino. La GWR si basa sull’approccio dei prezzi edonici e permette di indagare la variabilità spaziale e delle variabili chiave in esame e il relativo impatto sui prezzi di mercato degli immobili. I risultati del modello mostrano che la prossimità a un parco influenza positivamente i prezzi degli immobili e, conseguentemente, che emerge una Disponibilità a Pagare (DAP) positiva per beni e servizi ambientali quali sono quelli forniti dalle aree verdi urbane. |
| first_indexed | 2024-03-08T11:08:45Z |
| format | Article |
| id | doaj.art-bf82790279854cee915559e857ce6284 |
| institution | Directory Open Access Journal |
| issn | 2036-2404 |
| language | English |
| last_indexed | 2024-03-08T11:08:45Z |
| publishDate | 2023-11-01 |
| publisher | DEI Tipografia del Genio Civile |
| record_format | Article |
| series | Valori e Valutazioni |
| spelling | doaj.art-bf82790279854cee915559e857ce62842024-01-26T14:31:19ZengDEI Tipografia del Genio CivileValori e Valutazioni2036-24042023-11-0134718710.48264/VVSIEV-20233406The value of urban parks in the city of Turin: an application of the geographically weighted regressionMarta Bottero0Paolo Bragolusi1Marina Bravi2Chiara D’Alpaos3Federico Dell’Anna4Politecnico di Torino, Department of Regional and Urban Studies and Planning (DIST)EDRASIS GROUPPolitecnico di Torino, Department of Regional and Urban Studies and Planning (DIST)University of Padova, Department of Civil, Environmental And Architectural Engineering (DICEA)Politecnico di Torino, Department of Regional and Urban Studies and Planning (DIST)Urban green areas provide a wealth of benefits that range from maintenance of natural ecological processes to air and water management, to ameliorating the well- being of local population. Starting from the concept of Total Economic Value, the paper investigates the method of the Geographically Weighted Regression (GWR) to estimate the value of two urban parks in the city of Turin: Dora Park and Valentino Park. The GWR grounds on to the Hedonic Pricing approach and permits to investigate the spatial patterns of the key variables under investigation. The results of the model show that proximity to parks influence positively real estate prices, and that it emerges a positive Willingness To Pay for environmental goods and services such as those provided by urban green areas. Le aree urbane verdi forniscono una serie di benefici che vanno dal mantenimento dei processi ecologici naturali relativi alla risorsa aria e acqua, fino al miglioramento del benessere della popolazione locale. Partendo dal concetto di Valore Economico Totale, il presente lavoro indaga il metodo della regressione geografica ponderata, ‘Geographically Weighted Regression’ (GWR), per stimare il valore di due parchi urbani della città di Torino: il Parco Dora e il Parco del Valentino. La GWR si basa sull’approccio dei prezzi edonici e permette di indagare la variabilità spaziale e delle variabili chiave in esame e il relativo impatto sui prezzi di mercato degli immobili. I risultati del modello mostrano che la prossimità a un parco influenza positivamente i prezzi degli immobili e, conseguentemente, che emerge una Disponibilità a Pagare (DAP) positiva per beni e servizi ambientali quali sono quelli forniti dalle aree verdi urbane.https://siev.org/6-34-2023/spatial hedonic pricingtotal economic value (tev)real estate pricesurban green areasgeographically weighted regression (gwr) |
| spellingShingle | Marta Bottero Paolo Bragolusi Marina Bravi Chiara D’Alpaos Federico Dell’Anna The value of urban parks in the city of Turin: an application of the geographically weighted regression Valori e Valutazioni spatial hedonic pricing total economic value (tev) real estate prices urban green areas geographically weighted regression (gwr) |
| title | The value of urban parks in the city of Turin: an application of the geographically weighted regression |
| title_full | The value of urban parks in the city of Turin: an application of the geographically weighted regression |
| title_fullStr | The value of urban parks in the city of Turin: an application of the geographically weighted regression |
| title_full_unstemmed | The value of urban parks in the city of Turin: an application of the geographically weighted regression |
| title_short | The value of urban parks in the city of Turin: an application of the geographically weighted regression |
| title_sort | value of urban parks in the city of turin an application of the geographically weighted regression |
| topic | spatial hedonic pricing total economic value (tev) real estate prices urban green areas geographically weighted regression (gwr) |
| url | https://siev.org/6-34-2023/ |
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