| 来源类型 | FEEM working papers "Note di lavoro" series |
| 规范类型 | 论文 |
| Does Hazardous Waste Matter? Evidence from the Housing Market and the Superfund Program | |
| Michael Greenstone; Justin Gallagher | |
| 发表日期 | 2005 |
| 出处 | Climate Change and Sustainable Development |
| 出版年 | 2005 |
| 语种 | 英语 |
| 摘要 | Approximately $30 billion (2000$) has been spent on Superfund clean-ups of hazardous waste sites, and remediation efforts are incomplete at roughly half of the 1,500 Superfund sites. This study estimates the effect of Superfund clean-ups on local housing price appreciation. We compare housing price growth in the areas surrounding the first 400 hazardous waste sites to be cleaned up through the Superfund program to the areas surrounding the 290 sites that narrowly missed qualifying for these clean-ups. We cannot reject that the clean-ups had no effect on local housing price growth, nearly two decades after these sites became eligible for them. This finding is robust to a series of specification checks, including the application of a quasi-experimental regression discontinuity design based on knowledge of the selection rule. Overall, the preferred estimates suggest that the benefits of Superfund clean-ups as measured through the housing market are substantially lower than the $43 million mean cost of Superfund clean-ups. |
| 特色分类 | H4,Q51,Q53,R5,R2,I18 |
| 关键词 | Valuation of environmental goods,Hazardous waste sites,Environmental regulation,Regression discontinuity,Superfound,Externalities |
| URL | https://www.feem.it/en/publications/feem-working-papers-note-di-lavoro-series/does-hazardous-waste-matter-evidence-from-the-housing-market-and-the-superfund-program/ |
| 来源智库 | Fondazione Eni Enrico Mattei (Italy) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/117261 |
| 推荐引用方式 GB/T 7714 | Michael Greenstone,Justin Gallagher. Does Hazardous Waste Matter? Evidence from the Housing Market and the Superfund Program. 2005. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| NDL2005-149.pdf（1941KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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