GCRC Project Summary |
An Economic Analysis of Alternative Development Options in Coastal Marshlands Areas
PIs: Warren Kriesel (Ag & Applied Econ, University of Georgia, Athens, GA) and Jeff Mullen (Ag & Applied Econ, University of Georgia, Athens, GA)
Support: Georgia Sea Grant College Program
Timeframe: 3/1/06 - 1/31/09
Project Objectives:
To identify important price determinants in coastal real estate markets with appropriate statistical and GIS tools, with particular attention to marshland environments.
To improve the information base on development alternatives available to public officials and private developers.
Accomplishments:
Data collection and analysis has been completed for Chatham and Glynn counties. The data describe individual properties,with particular attention to environmentally-friendly design characteristics including impervious surfaces, vegetated buffer, open space, and sidewalks. An econometric results indicate that the real estate market has capitalized the value of these and other property characteristics. Therefore, property developers can use this information to design future developments that will be environmentally sensitive and more profitable. Work in progress is the analysis of McIntosh county data.
Presentations:
Kriesel, Warren, and Jeff Mullen. “Are There Incentives for Growing Green? Evidence from the Coastal Marshlands of Georgia.” Paper presented at the Western Regional Science Association meetings, Kona, HI, Feb, 2008.
Kriesel, Warren, “ Alternative Development Options in a Saltwater Marsh Environment.” Paper presented at Regional Science Association International Meetings, Savannah, GA., November, 2007.
Kriesel, Warren, and Jeffrey Mullen, “Economics of Alternative Marshland Development Options.” Paper presented at NOAA conference, Coastal Zone ’07, Portland OR, July, 2007.
Publications: