Valuing English primary schools

Gibbons, Stephen; Machin, Stephen

doi:10.1016/s0094-1190(02)00516-8

Cited by 247 publications

(201 citation statements)

References 15 publications

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“…From these data we derive the altitude, slope angle, and aspect of the house postcode. Aspect is categorised into four directions, North ( Machin, 2003, andSilva, 2012), so we include variables for the effectiveness of the nearest school in raising pupil achievement (mean age 7-11 gains in test scores or 'value-added'), distance to the nearest school, and interactions between these variables. Summary statistics for housing transactions in relation to topography, schools, accessibility and other control variables are also contained in Table 1.…”

Section: Control Variablesmentioning

confidence: 99%

The Amenity Value of English Nature: A Hedonic Price Approach

Gibbons

Mourato

Resende

2013

Environ Resource Econ

158

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Using a hedonic property price approach, we estimate the amenity value associated with proximity to habitats, designated areas, domestic gardens and other natural amenities inEngland. There is a long tradition of studies looking at the effect of environmental amenities and disamenities on property prices. But, to our knowledge, this is the first nationwide study of the value of proximity to a large number of natural amenities in England. We analysed 1 million housing transactions over 1996-2008 and considered a large number of environmental characteristics. Results reveal that the effects of many of these environmental variables are highly statistically significant, and are quite large in economic magnitude. Gardens, green space and areas of water within the census ward all attract a considerable positive price premium. There is also a strong positive effect from freshwater and flood plain locations, broadleaved woodland, coniferous woodland and enclosed farmland. Increasing distance to natural amenities such as rivers, National Parks and National Trust sites is unambiguously associated with a fall in house prices. Our preferred regression specifications control for unobserved labour market and other geographical factors using Travel to Work Area fixed effects, and the estimates are fairly insensitive to changes in specification and sample. This provides some reassurance that the hedonic price results provide a useful representation of the values attached to proximity to environmental amenities in England. Overall, we conclude that the house market in England reveals substantial amenity value attached to a number of habitats, designations, private gardens and local environmental amenities.

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Section: Control Variablesmentioning

confidence: 99%

The Amenity Value of English Nature: A Hedonic Price Approach

Gibbons

Mourato

Resende

2013

Environ Resource Econ

158

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“…7 Gibbons and Machin (2003) avoid this issue to some extent by using a distance-weighted smoothing function to control for spatial effects prior to estimation. This approach allows them greater flexibility in the modeling of spatial effects, though it still requires assumptions with regard to the choice of smoothing function and its parameters.…”

Section: Econometric Modelmentioning

confidence: 99%

Open space, residential property values, and spatial context

Anderson

West

2006

Regional Science and Urban Economics

392

264

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“…At the same time, there is considerable empirical evidence that buyers have also been found to value a residential property located within close proximity to public transport (Mulley, 2014;Dziauddin et al, 2014;Hess and Almeida, 2006), schools (Gibbons and Machin, 2003;Mitchell, 2000), woodlands/urban forests (Powe et al, 1997;Tyrvainen, 1997), green spaces (Vandergrift and Lahr, 2011), lakes (Crompton, 2001), stadiums/sport facilities (Ahlfeldt and Kavetsos, 2014;Ahlfeldt and Maennig, 2008) and historically significant buildings (Lazrak et al, 2014). The empirical evidence also indicates that buyers prefer a residential property that is located away from noise generated by road traffic.…”

Section: Prior Empirical Findingsmentioning

confidence: 99%

Does Accessibility to the Central Business District (CBD) Have an Impact on High-Rise Condominium Price Gradient in Kuala Lumpur, Malaysia?

Dziauddin¹,

Misran²

2016

SHS Web of Conferences

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This paper uses a spatial econometric method known as Geographically Weighted Regression (GWR) to investigate the impact of accessibility to the CBD on the high-rise condominium price gradient in Kuala Lumpur, Malaysia. Using a GWR method, after having controlled other factors, this study clearly reveal the impact of accessibility to the CBD on high-rise condominium varying prices across the study area, having a much larger positive impact in some areas but less and counterintuitive impact in others. In general, the results from this study show accessibility to the CBD measured by the travel times does affect high-rise condominium prices (high-rise condominium prices decrease as travel times to the CBD increase) in most part of the areas, hence proved Alonso, Muth and Mills were still right.

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Valuing English primary schools

Cited by 247 publications

References 15 publications

The Amenity Value of English Nature: A Hedonic Price Approach

The Amenity Value of English Nature: A Hedonic Price Approach

Open space, residential property values, and spatial context

Does Accessibility to the Central Business District (CBD) Have an Impact on High-Rise Condominium Price Gradient in Kuala Lumpur, Malaysia?

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