Drought and property prices: Empirical evidence from Iran

Arbeitspapier

This study demonstrates an economic consequence of climate change and water crises in Iran. It examines the effect of drought on housing prices, residential land prices, and housing rents in Iran. Using data from provinces of Iran from 1993 to 2015 and applying static and dynamic panel fixed effects estimators, we find evidence that an increase in the balance of water (reducing the severity of drought) within provinces has a positive effect on property prices. Our results have important implications for Iranian policymakers and property investors.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: MAGKS Joint Discussion Paper Series in Economics ; No. 16-2019

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Urban, Rural, Regional, Real Estate, and Transportation Economics: Housing Demand ; Housing Supply and Markets ; Climate; Natural Disasters and Their Management; Global Warming
• Thema: Drought ; Water Crisis ; Property Prices ; Housing ; Iran

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Farzanegan, Mohammad Reza ; Feizi, Mehdi ; Fereidouni, Hassan Gholipour
• Ereignis: Veröffentlichung
• (wer): Philipps-University Marburg, School of Business and Economics
• (wo): Marburg
• (wann): 2019

Weitere Informationen

• Handle: http://hdl.handle.net/10419/204811
• Letzte Aktualisierung: 10.03.2025, 11:45 MEZ