CLASSIFICATIONS OF ENVIRONMENTAL QUALITY EFFECTS: THE CASE OF CANADIAN CITIES
Environmental amenities have been associated with economic development since earliest time; for example, Egypt and Mesopotamia developed in the river valleys of the Nile, Tigris and Euphrates in the ancient times, mainly because the environment in these valleys was favorable for agriculture. Although man-made facilities are often needed to complement a natural environment, resorts such as Greek Islands and Florida beaches are, in effect, selling a type of environment peculiar to the locality in which they are situated.
Jméno a příjmení autora:
Dimitrios Giannias, Eleni Sfakianaki
45 - 60
Environmental quality, housing prices, consumer income
DOI (& full text):
Amenities are goods and services that make certain locations attractive for living and working. Quality of life on the other hand can be perceived as an expression of well-being and its importance is…více
Amenities are goods and services that make certain locations attractive for living and working. Quality of life on the other hand can be perceived as an expression of well-being and its importance is demonstrated by a number of publications that have been developed and rank quality of life across cities and states based on their observable characteristics. Amenities’ assessments are employed in order to produce an index to rate quality of life. It is increasingly accepted that wellbeing cannot be entirely based on measures of income, wealth and consumption. Other indicators more qualitative (i.e. environment) should be considered. In the broader context, quality of life measures traditional economic goods such as food and accomodation but also more qualitative factors such as environmental and social (i.e. fresh air, low criminality). Environmental factors located in a given place can be considered as part of the wealth of the region in which they are located. A classification of the effects of environmental quality on consumers’ utility and roducers’ costs that is based on housing prices and income differentials is useful because it provides information about the relative attractiveness to them of the total bundle of environmental and other attributes indigenous to each region. A theory is presented for this kind of analysis and classifications producing a qualitative evaluation of cities. The methodology used a number of Canadidan cities as a case study. An amenity-productivity classification was produced and cities were eventually classified as Low/High Amenity and Low/High Productivity providing useful information as to their relative attractiveness to firms and households.