Economic impacts of noxious facilities on wages and property values: An exploratory analysis

摘要

Recent assessments of socioeconomic impacts resulting from the location of potentially hazardous facilities have concentrated on the issue of negative public perceptions and their resulting economic consequences. This report presents an analysis designed to answer the question: Can economic impacts resulting from negative perceptions of ''noxious facilities'' be identified and measured. To identify the impacts of negative perceptions, data on noxious facilities sited throughout the United States were compiled, and secondary economic and demographic data sufficient to analyze the economic impacts on the surrounding study areas were assembled. This study uses wage rate and property value differentials to measure impacts on social welfare so that the extent to which noxious facilities and their associated activities have affected surrounding areas can be determined.