Nam, Kyung-Min; Ou, Yifu; Kim, Euijune; Zheng, Siqi - 2021
In this study, we estimate the degree and scope of PM2.5-induced negative price shock in Korea’s local housing markets, taking a 2SLS hedonic approach. For the analysis, we constructed a 5-year panel data set of Korea’s 110 city and county level municipalities between 2012 and 2016, and...