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Nilsson, Josefin, 2023. Wind power and properties : a study on the effect of wind turbine construction on property values. Second cycle, A2E. Uppsala: SLU, Dept. of Economics

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This thesis examines how the construction of wind turbines affects the prices of nearby properties in Sweden and whether the effect of construction varies over time. Using data between 2013 and 2022 the thesis provides analyses of the effects of wind turbine constructions on different types of properties including apartments and single-family homes instead of focusing on the latter like previous studies. It also adds an analysis based on functional regions. The thesis employs a hedonic price model combined with a difference-in-differences approach where properties close to newly constructed turbines form a treatment group while those located further away form a control group. The results show significant negative price effects for some years while in others, there are positive effects from constructing wind turbines. Limitations in the identifying assumptions make the results less reliable.

Main title:Wind power and properties
Subtitle:a study on the effect of wind turbine construction on property values
Authors:Nilsson, Josefin
Supervisor:Daniel, Aemiro Melkamu
Examiner:Hart, Robert
Series:Examensarbete / SLU, Institutionen för ekonomi
Volume/Sequential designation:1534
Year of Publication:2023
Level and depth descriptor:Second cycle, A2E
Student's programme affiliation:NM005 Environmental Economics and Management - Master's Programme 120 HEC
Supervising department:(NL, NJ) > Dept. of Economics
Keywords:wind turbines, properties, hedonic price, difference-in-differences
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Deposited On:11 Aug 2023 11:15
Metadata Last Modified:12 Aug 2023 01:01

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