14 research outputs found

    HEDONIC VALUATION OF PROXIMITY TO NATURAL AREAS AND FARMLAND IN DAKOTA COUNTY, MINNESOTA

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    Open space may provide a variety of environmental services, such as flood control, prevention of soil erosion, storage and recycling of wastes, and scenic views, which do not have traditional market values. This study assesses the value of these amenities in Dakota County, Minnesota, by estimating the marginal price of open space proximity to housing, with the hedonic property price method. Utilizing residential housing and open space data, a propertys structural, neighborhood, regional, and environmental characteristics are related to its sale price. Key environmental characteristics are distances between a property and particular types of natural areas and farmland. The marginal price of proximity to open space was estimated with three models that illustrate the relationship between open space proximity and property price. The estimation results suggest that Dakota County homeowners pay, ceteris paribus, a higher property price (115)tolive100feetclosertoanytypeofopenspace.Uponcategorizationofopenspaceintonaturalareasandfarmland,aninterestingdistinctionwasdiscovered:homebuyerspaidmore(115) to live 100 feet closer to any type of open space. Upon categorization of open space into natural areas and farmland, an interesting distinction was discovered: homebuyers paid more (111) to live 100 feet closer to natural areas and less (-53)tolivethesamedistanceclosertofarmland.Furtherclassificationofopenspaceintopubliclands,forests,prairies,wetlands,andwaterbodies,yieldedvaryingmarginalpricesforproximitytothesefeatures.Proximitytopubliclandsandforestshadapositiverelationshipwithpropertyprice(53) to live the same distance closer to farmland. Further classification of open space into public lands, forests, prairies, wetlands, and water bodies, yielded varying marginal prices for proximity to these features. Proximity to public lands and forests had a positive relationship with property price (80 and 70respectively),whilethemarginalpriceforproximitytofarmlandremainednegative(70 respectively), while the marginal price for proximity to farmland remained negative (-66). Living marginally closer to prairies also had a negative association with property price (-48),whilenearnesstowetlandsandwaterdidnothaveastatisticallysignificanteffect.Theselastthreemarginalpricesareunreliableduetothepresenceofmulticollinearity.Finally,splittingtheobservationsintourbanandruralurbanfringezonesshowedregionaldistinctionsintherelationshipofopenspaceproximitytopropertyprice.Inurbanareas,proximitytopubliclyownednaturalspacesandforestsyieldedapositivemarginalprice(48), while nearness to wetlands and water did not have a statistically significant effect. These last three marginal prices are unreliable due to the presence of multicollinearity. Finally, splitting the observations into urban and rural-urban fringe zones showed regional distinctions in the relationship of open space proximity to property price. In urban areas, proximity to publicly owned natural spaces and forests yielded a positive marginal price (127 and 62respectively).Intheruralurbanfringe,proximitytoforestsandwaterfeaturesyieldedpositivemarginalprices(62 respectively). In the rural-urban fringe, proximity to forests and water features yielded positive marginal prices (91 and 66respectively).Whileproximitytofarmland,prairiesandwetlandswasconsideredundesirableintheurbanzone(withmarginalprices66 respectively). While proximity to farmland, prairies and wetlands was considered undesirable in the urban zone (with marginal prices -102, -55,55, -63), nearness to these same features in the rural-urban fringe has a statistically insignificant relationship to property price.Environmental Economics and Policy,

    HEDONIC VALUATION OF PROXIMITY TO NATURAL AREAS AND FARMLAND IN DAKOTA COUNTY, MINNESOTA

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    Open space may provide a variety of environmental services, such as flood control, prevention of soil erosion, storage and recycling of wastes, and scenic views, which do not have traditional market values. This study assesses the value of these amenities in Dakota County, Minnesota, by estimating the marginal price of open space proximity to housing, with the hedonic property price method. Utilizing residential housing and open space data, a property's structural, neighborhood, regional, and environmental characteristics are related to its sale price. Key environmental characteristics are distances between a property and particular types of natural areas and farmland. The marginal price of proximity to open space was estimated with three models that illustrate the relationship between open space proximity and property price. The estimation results suggest that Dakota County homeowners pay, ceteris paribus, a higher property price (115)tolive100feetclosertoanytypeofopenspace.Uponcategorizationofopenspaceintonaturalareasandfarmland,aninterestingdistinctionwasdiscovered:homebuyerspaidmore(115) to live 100 feet closer to any type of open space. Upon categorization of open space into natural areas and farmland, an interesting distinction was discovered: homebuyers paid more (111) to live 100 feet closer to natural areas and less (-53)tolivethesamedistanceclosertofarmland.Furtherclassificationofopenspaceintopubliclands,forests,prairies,wetlands,andwaterbodies,yieldedvaryingmarginalpricesforproximitytothesefeatures.Proximitytopubliclandsandforestshadapositiverelationshipwithpropertyprice(53) to live the same distance closer to farmland. Further classification of open space into public lands, forests, prairies, wetlands, and water bodies, yielded varying marginal prices for proximity to these features. Proximity to public lands and forests had a positive relationship with property price (80 and 70respectively),whilethemarginalpriceforproximitytofarmlandremainednegative(70 respectively), while the marginal price for proximity to farmland remained negative (-66). Living marginally closer to prairies also had a negative association with property price (-48),whilenearnesstowetlandsandwaterdidnothaveastatisticallysignificanteffect.Theselastthreemarginalpricesareunreliableduetothepresenceofmulticollinearity.Finally,splittingtheobservationsintourbanandruralurbanfringezonesshowedregionaldistinctionsintherelationshipofopenspaceproximitytopropertyprice.Inurbanareas,proximitytopubliclyownednaturalspacesandforestsyieldedapositivemarginalprice(48), while nearness to wetlands and water did not have a statistically significant effect. These last three marginal prices are unreliable due to the presence of multicollinearity. Finally, splitting the observations into urban and rural-urban fringe zones showed regional distinctions in the relationship of open space proximity to property price. In urban areas, proximity to publicly owned natural spaces and forests yielded a positive marginal price (127 and 62respectively).Intheruralurbanfringe,proximitytoforestsandwaterfeaturesyieldedpositivemarginalprices(62 respectively). In the rural-urban fringe, proximity to forests and water features yielded positive marginal prices (91 and 66respectively).Whileproximitytofarmland,prairiesandwetlandswasconsideredundesirableintheurbanzone(withmarginalprices66 respectively). While proximity to farmland, prairies and wetlands was considered undesirable in the urban zone (with marginal prices -102, -55,55, -63), nearness to these same features in the rural-urban fringe has a statistically insignificant relationship to property price

    2017 American College of Rheumatology Guideline for the Prevention and Treatment of Glucocorticoid-Induced Osteoporosis.

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    ObjectiveTo develop recommendations for prevention and treatment of glucocorticoid-induced osteoporosis (GIOP).MethodsWe conducted a systematic review to synthesize the evidence for the benefits and harms of GIOP prevention and treatment options. The Grading of Recommendations Assessment, Development and Evaluation methodology was used to rate the quality of evidence. We used a group consensus process to determine the final recommendations and grade their strength. The guideline addresses initial assessment and reassessment in patients beginning or continuing long-term (≥3 months) glucocorticoid (GC) treatment, as well as the relative benefits and harms of lifestyle modification and of calcium, vitamin D, bisphosphonate, raloxifene, teriparatide, and denosumab treatment in the general adult population receiving long-term GC treatment, as well as in special populations of long-term GC users.ResultsBecause of limited evidence regarding the benefits and harms of interventions in GC users, most recommendations in this guideline are conditional (uncertain balance between benefits and harms). Recommendations include treating only with calcium and vitamin D in adults at low fracture risk, treating with calcium and vitamin D plus an additional osteoporosis medication (oral bisphosphonate preferred) in adults at moderate-to-high fracture risk, continuing calcium plus vitamin D but switching from an oral bisphosphonate to another antifracture medication in adults in whom oral bisphosphonate treatment is not appropriate, and continuing oral bisphosphonate treatment or switching to another antifracture medication in adults who complete a planned oral bisphosphonate regimen but continue to receive GC treatment. Recommendations for special populations, including children, people with organ transplants, women of childbearing potential, and people receiving very high-dose GC treatment, are also made.ConclusionThis guideline provides direction for clinicians and patients making treatment decisions. Clinicians and patients should use a shared decision-making process that accounts for patients' values, preferences, and comorbidities. These recommendations should not be used to limit or deny access to therapies

    International Institutions and Political Liberalization: Evidence from the World Bank Loans Program

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