Valuing Access to Water--A Spatial Hedonic Approach, with an Application to Bangalore, India

An important infrastructure policy issue for rapidly growing cities in developing countries is how to raise fiscal revenues to finance basic services in a fair and efficient manner. This requires estimates of the potential benefits or positive welfare effects that may follow from improved infrastruc...

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Main Authors:	Anselin, Luc, Lozano-Gracia, Nancy, Deichmann, Uwe, Lall, Somik
Format:	Journal Article
Language:	EN
Published:	2012
Subjects:	Renewable Resources and Conservation: Water Q250 Urban, Rural, and Regional Economics: Housing Demand R210 Public Facility Location Analysis Public Investment and Capital Stock R530
Online Access:	http://hdl.handle.net/10986/5884

id	okr-10986-5884
recordtype	oai_dc
spelling	okr-10986-58842021-04-23T14:02:23Z Valuing Access to Water--A Spatial Hedonic Approach, with an Application to Bangalore, India Anselin, Luc Lozano-Gracia, Nancy Deichmann, Uwe Lall, Somik Renewable Resources and Conservation: Water Q250 Urban, Rural, and Regional Economics: Housing Demand R210 Public Facility Location Analysis Public Investment and Capital Stock R530 An important infrastructure policy issue for rapidly growing cities in developing countries is how to raise fiscal revenues to finance basic services in a fair and efficient manner. This requires estimates of the potential benefits or positive welfare effects that may follow from improved infrastructure. In this paper, we take advantage of a unique geo-referenced household survey to carry out a hedonic analysis of housing values that explicitly accounts for spatial spillovers. We use this to derive an estimate of the value of improved access to water in the Indian city of Bangalore. The findings suggest that by limiting the focus to individual or private benefits only, we may underestimate the overall social welfare from investing in service supply. We further demonstrate how spatially explicit policy simulations based on these estimates provide insight into the total effects of targeted interventions. 2012-03-30T07:35:01Z 2012-03-30T07:35:01Z 2010 Journal Article Spatial Economic Analysis 17421772 http://hdl.handle.net/10986/5884 EN http://creativecommons.org/licenses/by-nc-nd/3.0/igo World Bank Journal Article India
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	EN
topic	Renewable Resources and Conservation: Water Q250 Urban, Rural, and Regional Economics: Housing Demand R210 Public Facility Location Analysis Public Investment and Capital Stock R530
spellingShingle	Renewable Resources and Conservation: Water Q250 Urban, Rural, and Regional Economics: Housing Demand R210 Public Facility Location Analysis Public Investment and Capital Stock R530 Anselin, Luc Lozano-Gracia, Nancy Deichmann, Uwe Lall, Somik Valuing Access to Water--A Spatial Hedonic Approach, with an Application to Bangalore, India
geographic_facet	India
relation	http://creativecommons.org/licenses/by-nc-nd/3.0/igo
description	An important infrastructure policy issue for rapidly growing cities in developing countries is how to raise fiscal revenues to finance basic services in a fair and efficient manner. This requires estimates of the potential benefits or positive welfare effects that may follow from improved infrastructure. In this paper, we take advantage of a unique geo-referenced household survey to carry out a hedonic analysis of housing values that explicitly accounts for spatial spillovers. We use this to derive an estimate of the value of improved access to water in the Indian city of Bangalore. The findings suggest that by limiting the focus to individual or private benefits only, we may underestimate the overall social welfare from investing in service supply. We further demonstrate how spatially explicit policy simulations based on these estimates provide insight into the total effects of targeted interventions.
format	Journal Article
author	Anselin, Luc Lozano-Gracia, Nancy Deichmann, Uwe Lall, Somik
author_facet	Anselin, Luc Lozano-Gracia, Nancy Deichmann, Uwe Lall, Somik
author_sort	Anselin, Luc
title	Valuing Access to Water--A Spatial Hedonic Approach, with an Application to Bangalore, India
title_short	Valuing Access to Water--A Spatial Hedonic Approach, with an Application to Bangalore, India
title_full	Valuing Access to Water--A Spatial Hedonic Approach, with an Application to Bangalore, India
title_fullStr	Valuing Access to Water--A Spatial Hedonic Approach, with an Application to Bangalore, India
title_full_unstemmed	Valuing Access to Water--A Spatial Hedonic Approach, with an Application to Bangalore, India
title_sort	valuing access to water--a spatial hedonic approach, with an application to bangalore, india
publishDate	2012
url	http://hdl.handle.net/10986/5884
_version_	1764396651853643776

Valuing Access to Water--A Spatial Hedonic Approach, with an Application to Bangalore, India

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