The housing market impacts of human activities in public spaces: The case of the square dancing

Xiao Yue; Hui Eddie C. M.; Wen Haizhen

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The housing market impacts of human activities in public spaces: The case of the square dancing

机译：人类活动在公共场所的住房市场影响：广场舞蹈的情况

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Square dancing is a popular public activity performed in squares and parks in Chinese cities. Although dancers benefit from such activity physically and mentally, nearby residents may suffer from noise pollution and other negative externalities. However, only a few existing studies have explored the effects of square dancing on the value of residential properties and open spaces. To fill this knowledge gap, this study utilizes the hedonic price model and spatial econometric model to investigate the external effects of square dancing in the housing market of Hangzhou, China. Results show that nearby housing price drops by 5.8 % and 13.0 % when people dance in the nearest park and square. In addition, square dancing decreases the value of parks and squares, and this mediating effect shows spatial heterogeneity (e.g., the premium of living in the segments of 0-200 m and 200 m - 1 km from parks decreases from 0.231 to 0.047 and from 0.126 to 0.045, respectively; the premium of living in the segments of 0-800 m, 800 m - 1.5 km, and 1.5-3 km from squares decreases from 0.157 to 0.060, from 0.165 to 0.022, and from 0.166 to 0.033, respectively). The results of this study indicate that square dancing has a significant negative external effect on housing price and the value of open space. This study offers implications for policy makers to achieve a harmonious society and humanized urban planning. The findings and implications of this study ensure the benefits of residents and improve the value of residential properties and open spaces. In addition, the findings can be generalized across cities or countries where square dancing and other human activities (e.g., night market) are popular.

机译：广场跳舞是中国城市的广场和公园的流行公共活动。虽然舞者受益于身体和精神上的这种活动，但附近的居民可能患有噪声污染和其他负面的外部性。然而，只有少数现有研究探索了方形跳舞对住宅物业价值和开放空间的影响。为了填补这一知识差距，本研究利用诸着昭着的价格模型和空间计量计量模型来研究广场舞蹈在中国杭州住房市场中的外部影响。结果表明，当人们在最近的公园和广场跳舞时，附近的住房价格下降5.8％和13.0％。此外，方形跳舞降低了公园和平方的价值，这种介质效果显示了空间异质性（例如，距离公园0-200米和200米的段的生活溢价从0.231降至0.047和0-047分别为0.126至0.045;在0-800米，800米 - 1.5公里的段中的生活溢价分别从0.157升至1.5-3公里，分别为0.165至0.022，分别为0.166至0.033 ）。本研究结果表明，方形跳舞对住房价格和开放空间的价值具有显着的负面的外部影响。本研究为政策制定者提供了对政策制定者实现和谐社会和人性化城市规划的影响。本研究的调查结果和含义确保了居民的益处，提高了住宅物业和开放空间的价值。此外，调查结果可以在广场舞蹈和其他人类活动（例如，夜间市场）的城市或国家广泛化。

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《Urban Forestry & Urban Greening》 |2020年第1期|共15页
作者
Xiao Yue; Hui Eddie C. M.; Wen Haizhen;
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作者单位

Zhejiang Univ Finance &

Econ Sch Publ Adm Hangzhou 310018 Peoples R China;

Hong Kong Polytech Univ Dept Bldg &

Real Estate Hong Kong Peoples R China;

Zhejiang Univ Dept Civil Engn Hangzhou 310058 Peoples R China;

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原文格式 PDF
正文语种 eng
中图分类园艺;
关键词
Square dancing; Housing price; Open spaces; External effects; Spatial econometric model; Hedonic price model;

机译：方形舞蹈;住房价格;开放空间;外部效果;空间计量模型;蜂鸟价格模型;

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The housing market impacts of human activities in public spaces: The case of the square dancing

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