Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/289071 
Year of Publication: 
2020
Citation: 
[Journal:] Economics of Disasters and Climate Change [ISSN:] 2511-1299 [Volume:] 5 [Issue:] 2 [Publisher:] Springer International Publishing [Place:] Cham [Year:] 2020 [Pages:] 203-221
Publisher: 
Springer International Publishing, Cham
Abstract: 
This study examines the effect of drought on housing and residential land prices in Iran. Using panel data covering the 2006–2015 period for 31 provinces of Iran and applying a dynamic system and the difference Generalized Methods of Moments (GMM) methods, we find that an increase in the balance of water (reducing the severity of drought) within provinces has a positive effect on property prices. Our results are robust, controlling for province fixed effects, time trend, and a set of control variables that may affect property prices.
Subjects: 
Drought
Property prices
Residential land
Housing
Iran
JEL: 
R21
R31
Q54
Persistent Identifier of the first edition: 
Creative Commons License: 
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Document Type: 
Article
Document Version: 
Published Version

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