Hedonic housing prices and environmental quality in Lebanon
The authors apply a hedonic pricing approach using a unique data set from Lebanon. To account for non-linearities in pricing, the authors use three different functional regression forms for the hedonic model approach. The authors also deal with potential omitted variable bias by estimating a hedonic...
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2021
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| Online Access: | http://hdl.handle.net/10725/17320 https://doi.org/10.1108/IJHMA-08-2020-0100 http://libraries.lau.edu.lb/research/laur/terms-of-use/articles.php https://www.emerald.com/ijhma/article/14/5/953/133429/Hedonic-housing-prices-and-environmental-quality |
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| _version_ | 1864513474359459840 |
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| author | Marrouch, Walid |
| author2 | Sayour, Nagham |
| author2_role | author |
| author_facet | Marrouch, Walid Sayour, Nagham |
| author_role | author |
| dc.creator.none.fl_str_mv | Marrouch, Walid Sayour, Nagham |
| dc.date.none.fl_str_mv | 2021 2021-01-11 2025-10-03T07:05:32Z 2025-10-03T07:05:32Z |
| dc.identifier.none.fl_str_mv | 1753-8270 http://hdl.handle.net/10725/17320 https://doi.org/10.1108/IJHMA-08-2020-0100 Marrouch, W., & Sayour, N. (2021). Hedonic housing prices and environmental quality in Lebanon. International Journal of Housing Markets and Analysis, 14(5), 953-968. http://libraries.lau.edu.lb/research/laur/terms-of-use/articles.php https://www.emerald.com/ijhma/article/14/5/953/133429/Hedonic-housing-prices-and-environmental-quality |
| dc.language.none.fl_str_mv | en |
| dc.relation.none.fl_str_mv | International Journal of Housing Markets and Analysis |
| dc.rights.*.fl_str_mv | info:eu-repo/semantics/openAccess |
| dc.title.none.fl_str_mv | Hedonic housing prices and environmental quality in Lebanon |
| dc.type.none.fl_str_mv | Article info:eu-repo/semantics/publishedVersion info:eu-repo/semantics/article |
| description | The authors apply a hedonic pricing approach using a unique data set from Lebanon. To account for non-linearities in pricing, the authors use three different functional regression forms for the hedonic model approach. The authors also deal with potential omitted variable bias by estimating a hedonic frontier specification. Findings The authors find that, in all specifications, air pollution negatively and significantly affects housing prices. The estimated marginal willingness to pay for a one microgram per cubic meter change in particulate matter (PM10) concentration ranges between 2.88% and 3.18% of mean housing prices. The authors also provide evidence of a negative pricing gradient away from the city center, landing support for the monocentric urban development hypothesis. Research limitations/implications Given the lack of a data set linking household socioeconomic characteristics with housing data, the authors only consider the first-stage hedonic model. Practical implications The proposed hedonic pricing regression approximates a housing pricing equation that can be used by policymakers. Social implications The findings suggest that pollution is a significant factor in household behavior in Lebanon. Originality/value This paper adds to the scant literature studying the effects of air pollution on housing prices in developing countries. To the best of the authors’ knowledge, this is the first paper to study the impact of pollution on housing prices in a country in the Middle East and North Africa Region. |
| eu_rights_str_mv | openAccess |
| format | article |
| id | LAURepo_0e721853f8baa50ab71bc166b39cc6e2 |
| identifier_str_mv | 1753-8270 Marrouch, W., & Sayour, N. (2021). Hedonic housing prices and environmental quality in Lebanon. International Journal of Housing Markets and Analysis, 14(5), 953-968. |
| language_invalid_str_mv | en |
| network_acronym_str | LAURepo |
| network_name_str | Lebanese American University repository |
| oai_identifier_str | oai:laur.lau.edu.lb:10725/17320 |
| publishDate | 2021 |
| repository.mail.fl_str_mv | |
| repository.name.fl_str_mv | |
| repository_id_str | |
| spelling | Hedonic housing prices and environmental quality in LebanonMarrouch, WalidSayour, NaghamThe authors apply a hedonic pricing approach using a unique data set from Lebanon. To account for non-linearities in pricing, the authors use three different functional regression forms for the hedonic model approach. The authors also deal with potential omitted variable bias by estimating a hedonic frontier specification. Findings The authors find that, in all specifications, air pollution negatively and significantly affects housing prices. The estimated marginal willingness to pay for a one microgram per cubic meter change in particulate matter (PM10) concentration ranges between 2.88% and 3.18% of mean housing prices. The authors also provide evidence of a negative pricing gradient away from the city center, landing support for the monocentric urban development hypothesis. Research limitations/implications Given the lack of a data set linking household socioeconomic characteristics with housing data, the authors only consider the first-stage hedonic model. Practical implications The proposed hedonic pricing regression approximates a housing pricing equation that can be used by policymakers. Social implications The findings suggest that pollution is a significant factor in household behavior in Lebanon. Originality/value This paper adds to the scant literature studying the effects of air pollution on housing prices in developing countries. To the best of the authors’ knowledge, this is the first paper to study the impact of pollution on housing prices in a country in the Middle East and North Africa Region.Published2025-10-03T07:05:32Z2025-10-03T07:05:32Z20212021-01-11Articleinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/article1753-8270http://hdl.handle.net/10725/17320https://doi.org/10.1108/IJHMA-08-2020-0100Marrouch, W., & Sayour, N. (2021). Hedonic housing prices and environmental quality in Lebanon. International Journal of Housing Markets and Analysis, 14(5), 953-968.http://libraries.lau.edu.lb/research/laur/terms-of-use/articles.phphttps://www.emerald.com/ijhma/article/14/5/953/133429/Hedonic-housing-prices-and-environmental-qualityenInternational Journal of Housing Markets and Analysisinfo:eu-repo/semantics/openAccessoai:laur.lau.edu.lb:10725/173202025-10-03T07:05:32Z |
| spellingShingle | Hedonic housing prices and environmental quality in Lebanon Marrouch, Walid |
| status_str | publishedVersion |
| title | Hedonic housing prices and environmental quality in Lebanon |
| title_full | Hedonic housing prices and environmental quality in Lebanon |
| title_fullStr | Hedonic housing prices and environmental quality in Lebanon |
| title_full_unstemmed | Hedonic housing prices and environmental quality in Lebanon |
| title_short | Hedonic housing prices and environmental quality in Lebanon |
| title_sort | Hedonic housing prices and environmental quality in Lebanon |
| url | http://hdl.handle.net/10725/17320 https://doi.org/10.1108/IJHMA-08-2020-0100 http://libraries.lau.edu.lb/research/laur/terms-of-use/articles.php https://www.emerald.com/ijhma/article/14/5/953/133429/Hedonic-housing-prices-and-environmental-quality |