Air Pollution and Housing Values in Korea: A Hedonic Analysis with Long-range Transboundary Pollution as an Instrument
Abstract We estimate the degree and scope of PM2.5-induced negative price shock in Korea’s local housing markets, taking a two-stage hedonic approach. For the analysis, Korea’s local PM2.5 levels are treated as endogenous and are instrumented with regional air pollutants from China. W...
Main Authors: | Nam, Kyung-Min, Ou, Yifu, Kim, Euijune, Zheng, Siqi |
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Other Authors: | Massachusetts Institute of Technology. Department of Urban Studies and Planning |
Format: | Article |
Language: | English |
Published: |
Springer Netherlands
2022
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Online Access: | https://hdl.handle.net/1721.1/142563 |
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