TY - JOUR
T1 - IMPACT of A DISASTER on LAND PRICE
T2 - EVIDENCE from FUKUSHIMA NUCLEAR POWER PLANT ACCIDENT
AU - Tanaka, Kenta
AU - Managi, Shunsuke
N1 - Publisher Copyright:
© 2016 World Scientific Publishing Company.
PY - 2016/3/1
Y1 - 2016/3/1
N2 - The Great East Japan Earthquake, which occurred on March 11, 2011, triggered the Fukushima nuclear power plant accident. This study estimates the economic damage caused by the radioactive contamination from the plant using a hedonic approach. Our estimation results show that an increase of 1μSv/h decreases the land price by 3.39% on average in Fukushima and Miyagi prefectures. Specifically, damage due to the radiation effect is estimated to cost approximately 64.1 billion yen in Fukushima. In addition, our result shows that commercial and business areas are more sensitive than residential areas to the radiation quantity.
AB - The Great East Japan Earthquake, which occurred on March 11, 2011, triggered the Fukushima nuclear power plant accident. This study estimates the economic damage caused by the radioactive contamination from the plant using a hedonic approach. Our estimation results show that an increase of 1μSv/h decreases the land price by 3.39% on average in Fukushima and Miyagi prefectures. Specifically, damage due to the radiation effect is estimated to cost approximately 64.1 billion yen in Fukushima. In addition, our result shows that commercial and business areas are more sensitive than residential areas to the radiation quantity.
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U2 - 10.1142/S0217590816400038
DO - 10.1142/S0217590816400038
M3 - Review article
AN - SCOPUS:84959360877
SN - 0217-5908
VL - 61
JO - Singapore Economic Review
JF - Singapore Economic Review
IS - 1
M1 - 1640003
ER -