caa a22 4500 445855398 CHVBK 20180317145426.0 cr unu---uuuuu 170323e20111001xx s 000 0 eng 10.1007/s10640-011-9467-9 doi (NATIONALLICENCE)springer-10.1007/s10640-011-9467-9 Waste Sites and Property Values: A Meta-Analysis [Elektronische Daten] [John Braden, Xia Feng, DooHwan Won] Recent studies suggest that some of the most contaminated waste sites in the United States have idiosyncratic or no discernable effects on nearby property values. This paper presents a meta-analysis of the literature measuring the economic impact of sites harboring waste materials on real estate values. A sample of 46 North American studies issued from 1971 to 2008 yields 129 distinct estimates that survive outlier diagnostics. The estimation results are highly robust and significant across estimators and specifications. They suggest that all classes of waste sites affect real estate prices, but sites classified as hazardous, especially aquatic hazardous sites, are associated with the greatest discounts. The estimated impacts of nonhazardous waste and nuclear sites are not statistically different from one another. Surprisingly, estimated impacts associated with sites included on the EPA's National Priority List (NPL) are generally smaller (although still statistically significant) than those for non-NPL hazardous waste sites. The estimates for sites in Canada and Mountain, Middle Atlantic, and South Atlantic states exceed those for other regions. Larger impact areas and aggregated data, such as census block observations, are associated with lesser estimates. Springer Science+Business Media B.V., 2011 Meta analysis nationallicence Hedonic method nationallicence Property values nationallicence Waste sites nationallicence Braden John Department of Agricultural & Consumer Economics, University of Illinois, 1301 W. Gregory Drive, Room 304, 61801, Urbana, IL, USA aut Feng Xia Office of Institutional Analysis & Effectiveness, College of William & Mary, Old Dominion Hall, James Blair Drive, P.O. Box 8795, 23187, Williamsburg, VA, USA aut Won DooHwan Department of Economics, Sungshin Women's University, 249-1, Dongseon-Dong 3-GA, Seongbuk-Gu, 136-742, Seoul, Korea aut Environmental and Resource Economics Springer Netherlands 50/2(2011-10-01), 175-201 0924-6460 50:2<175 2011 50 10640 https://doi.org/10.1007/s10640-011-9467-9 text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1007/s10640-011-9467-9 text/html Onlinezugriff via DOI NATIONALLICENCE 700 1- Braden John Department of Agricultural & Consumer Economics, University of Illinois, 1301 W. Gregory Drive, Room 304, 61801, Urbana, IL, USA aut NATIONALLICENCE 700 1- Feng Xia Office of Institutional Analysis & Effectiveness, College of William & Mary, Old Dominion Hall, James Blair Drive, P.O. Box 8795, 23187, Williamsburg, VA, USA aut NATIONALLICENCE 700 1- Won DooHwan Department of Economics, Sungshin Women's University, 249-1, Dongseon-Dong 3-GA, Seongbuk-Gu, 136-742, Seoul, Korea aut NATIONALLICENCE 773 0- Environmental and Resource Economics Springer Netherlands 50/2(2011-10-01), 175-201 0924-6460 50:2<175 2011 50 10640 Metadata rights reserved Springer special CC-BY-NC licence nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-springer