Coastal Louisiana wetlands contain more than 30% of the U.S. coastal wetlands, but its wetland loss accounts for about 90% of the continental states. Although the effects of coastal wetlands preservation and restoration never stop since the enactment of CWPPRA in 1990, these regulation projects benefit only a small fraction of the degraded Louisiana coastal wetlands because of the limited budget. The general objective of this study is to provide an understanding of the economic factors which establish property values in coastal wetlands private market in order to devise and implement cost efficient economic incentive mechanisms for private landowners and then address the wetlands loss of coastal southwestern Louisiana.
The research collects 59 useful private property samples from Southwest Louisiana and covered the 1990-2002 period. Four wetland types (fresh marsh, intermediate marsh, brackish and saline marsh), open water, property size, a discrete variable indicating whether a property is separated into two or more parcels, and distance variables (i.e., distance from the nearest coast and road) were the factors affecting property values. With the help of GIS data and tools, hedonic functions are established. Results indicate that open water percentage and percentages of all wetland types have negative effects on property prices. Furthermore, wetland types have different marginal implicit prices. Intermediate marsh has the largest effect on property values, followed by the brackish and saline marsh, and open water in descending order. All three types of wetlands are statistically significant at the level of above 99%; however, fresh marsh percentage is statistically insignificant even at the level of 85%, and has little coefficient effect on property price when considered in relation to the base (i.e., other category).
| Identifer | oai:union.ndltd.org:LSU/oai:etd.lsu.edu:etd-11122004-112840 |
| Date | 12 November 2004 |
| Creators | Xu, Baifu |
| Contributors | Walter R. Keithly, Paul H. Templet, Steven A. Henning |
| Publisher | LSU |
| Source Sets | Louisiana State University |
| Language | English |
| Detected Language | English |
| Type | text |
| Format | application/pdf |
| Source | http://etd.lsu.edu/docs/available/etd-11122004-112840/ |
| Rights | unrestricted, I hereby certify that, if appropriate, I have obtained and attached herein a written permission statement from the owner(s) of each third party copyrighted matter to be included in my thesis, dissertation, or project report, allowing distribution as specified below. I certify that the version I submitted is the same as that approved by my advisory committee. I hereby grant to LSU or its agents the non-exclusive license to archive and make accessible, under the conditions specified below and in appropriate University policies, my thesis, dissertation, or project report in whole or in part in all forms of media, now or hereafter known. I retain all other ownership rights to the copyright of the thesis, dissertation or project report. I also retain the right to use in future works (such as articles or books) all or part of this thesis, dissertation, or project report. |
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