【摘要】Despite extensive public infrastructure spending, little is known about the benefits ofaccess to “green amenities” like parks within cities. This paper uses spatial econometric methods toestimate the value of proximity to parks using land markets in a Chinese megacity. Our researchdesign captures mechanisms of spatial interaction effects and highlights the importance of avoidingthe biases inherent in the traditional valuation approach. Our results suggest that land adjacent toparks is significantly valued by land developers and that these valuations are not distributed evenlyover space. Our evidence provides support for considering locations in explaining the amenity valuedifferentials that are grounded in the social, economic, and local contextual forces at stake.

【文献来源】Wu W;Dong G.Journal of Regional Science.2014（4）