Macro-Impacts of Air Quality on Property Values in China—A Meta-Regression Analysis of the Literature

摘要: Air pollution has received increasing attention in recent years, particularly China, due to the rapid industrialisation that wrought intense levels of air pollution. A number studies, therefore, have been devoted quantifying impacts on property value China. However, empirical results are somewhat mixed. This naturally raises questions whether there is a significant relationship between quality and housing prices plausible reasons for mixed previous studies. study aims fill this gap by explaining variations findings meta-regression analysis. To control heterogeneity, weighted least square model was used explore factors influencing magnitude significance effect based estimates from 117 observations. confirms does discernible impact beyond publication bias. Besides, types indicator data source do significantly influence through affecting both elasticity partial correlation coefficient (PCC). Further, selections variables estimation approaches also estimates. finds published papers tend be biased towards more economically The implications discussed.