Measuring the Externality Effects of Commercial Land Use on Residential Land Value : A Case Study of Seoul

  title={Measuring the Externality Effects of Commercial Land Use on Residential Land Value : A Case Study of Seoul},
  author={Hee Jin Yang and Jihoon Song and Mack Joong Choi},
Two contrasting theories purport to explain the effects of neighborhood non-residential use on residential property values. In traditional zoning theory, separating land from commercial land use is considered to protect residential environments from negative externalities such as noise, litter, and congestion. By contrast, contemporary planning principles including Smart Growth emphasize positive impacts of mixed land use on residential environment, which lead to more walkable and sustainable… CONTINUE READING


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