Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/124530
Authors: 
Droes, Martijn
Year of Publication: 
2014
Series/Report no.: 
54th Congress of the European Regional Science Association: "Regional development & globalisation: Best practices", 26-29 August 2014, St. Petersburg, Russia
Abstract: 
SUMMARY ― In many countries, wind turbines are constructed as part of a strategy to reduce fossil fuel dependence. In this paper, we measure the external effect of wind turbines on the transaction prices of nearby properties. Using a unique transaction price dataset covering the period 1985-2011 and the exact location of all wind turbines built in the Netherlands, we find that property prices within a 2 km radius of a wind turbine, after it has been constructed, are on average 1.4 percent lower than property prices in comparable neighborhoods. We provide further evidence that the external costs of wind turbines are at least 10 percent of construction costs.
JEL: 
R31
Q42
Q15
L94
Document Type: 
Conference Paper

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