NDLI: Valuing Urban Landscape Using Subjective Well-Being Data: Empirical Evidence from Dalian, China

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Valuing Urban Landscape Using Subjective Well-Being Data: Empirical Evidence from Dalian, China

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Valuing Urban Landscape Using Subjective Well-Being Data: Empirical Evidence from Dalian, China

Content Provider	MDPI
Author	Wang, Erda Kang, Nannan Yu, Yang
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.
File Size	1427456
File Format	PDF
e-ISSN	20711050
DOI	10.3390/su10010036
Journal	Sustainability
Issue Number	1
Volume Number	10
Language	English
Publisher Date	2017-12-24
Access Restriction	Open
Subject Keyword	life satisfaction approach economic valuation landscape sustainability human well-being
Content Type	Text
Resource Type	Article

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