Valuing urban landscape using subjective well-being data: Empirical evidence from Dalian, China

Erda Wang, Nannan Kang, Yang Yu

Research output: Contribution to journalArticle

1 Citation (Scopus)

Abstract

It has been well recognized that the urban landscape ecosystem is able to make a great contribution to the quality of life for people who live in the city and beyond, thus it can potentially accrue a significant economic value to the human well-being. However, due to its public good nature, it is difficult to monetizing its values in a systematic manner. In this paper, we attempt to assess the economic value of the urban landscape through people's life satisfaction approach utilizing a large sample of dataset complied from the general public survey in Dalian City which is one of the well-known tourism cities in China. The results indicate that most of the urban landscape attributes impose significant effects on people's life satisfaction, thus accruing a considerable amount of value to the local residents. Taking a 10-point ranking scale for the urban landscape quality as an example, the household willingness to pay on average reaches ¥24,579 per annum for one point of ranking level increase. Relative to the low level of household income, those high-income households are much keener to the changes of the landscape quality. If the urban landscape quality is disaggregated into five levels, household's marginal willingness-to-pay diminishes as the urban landscape's rank level is improved.

Original languageEnglish
Article number36
JournalSustainability (Switzerland)
Volume10
Issue number1
DOIs
Publication statusPublished - Dec 24 2017

Fingerprint

well-being
Economics
China
Ecosystems
evidence
willingness to pay
household income
economic value
ranking
quality of life
economics
urban landscape
tourism
Values
Tourism
resident
ecosystem
city
household
life satisfaction

All Science Journal Classification (ASJC) codes

  • Geography, Planning and Development
  • Renewable Energy, Sustainability and the Environment
  • Management, Monitoring, Policy and Law

Cite this

Valuing urban landscape using subjective well-being data : Empirical evidence from Dalian, China. / Wang, Erda; Kang, Nannan; Yu, Yang.

In: Sustainability (Switzerland), Vol. 10, No. 1, 36, 24.12.2017.

Research output: Contribution to journalArticle

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