IDEAS home Printed from https://ideas.repec.org/a/jre/issued/v36n42014p435-474.html
   My bibliography  Save this article

Opting for a Green Certificate: The Impact of Local Attitudes and Economic Conditions

Author

Listed:
  • Tobias Dippold

    (EBS Universität für Wirtschaft und Recht)

  • Jan Mutl

    (EBS Universität für Wirtschaft und Recht)

  • Joachim Zietz

    (EBS Universität für Wirtschaft und Recht)

Abstract

This paper examines the impact of economic conditions and local attitudes on investors’ decisions to opt for a green building certificate. The study is based on property locations in 211 counties and uses a fixed-effects estimator for a panel data set of 10,624 office buildings over 10 years. The results suggest that green building certification is not only responsive to economic conditions but also to the attitudes of the local population. Areas with well-educated people and a political preference for the Democratic Party significantly and positively influence the decision to certify buildings. Higher education levels and Democratic partisanship are associated with the environmental orientation of the population. Hence, in these locations, the population’s environmental concerns may play a key role.

Suggested Citation

  • Tobias Dippold & Jan Mutl & Joachim Zietz, 2014. "Opting for a Green Certificate: The Impact of Local Attitudes and Economic Conditions," Journal of Real Estate Research, American Real Estate Society, vol. 36(4), pages 435-474.
    • Handle: RePEc:jre:issued:v:36:n:4:2014:p:435-474
    as

    Download full text from publisher

    File URL: http://pages.jh.edu/jrer/papers/pdf/new_current/vol36n04/9833-02.435_474.pdf
    File Function: Full text
    Download Restriction: no
    ---><---

    Other versions of this item:

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Weimin Ma & Zitong Ren & Hua Ke, 2022. "Green Housing Subsidy Strategies Considering Consumers’ Green Preference," Sustainability, MDPI, vol. 14(5), pages 1-22, February.
    2. Yajing Zhang & Jingfeng Yuan & Lingzhi Li & Hu Cheng, 2019. "Proposing a Value Field Model for Predicting Homebuyers’ Purchasing Behavior of Green Residential Buildings: A Case Study in China," Sustainability, MDPI, vol. 11(23), pages 1-31, December.
    3. Zhang, Li & Wu, Jing & Liu, Hongyu, 2018. "Policies to enhance the drivers of green housing development in China," Energy Policy, Elsevier, vol. 121(C), pages 225-235.
    4. Yana Akhtyrska & Franz Fuerst, 2021. "People or Systems: Does Productivity Enhancement Matter More than Energy Management in LEED Certified Buildings?," Sustainability, MDPI, vol. 13(24), pages 1-35, December.
    5. Pleasa Serin Abraham & Haripriya Gundimeda, 2020. "Greening offices: Willingness to pay for green-certified office spaces in Bengaluru, India," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 22(3), pages 1839-1857, March.
    6. Sun, Chuanwang & Xu, Zhehong & Zheng, Hongwei, 2023. "Green transformation of the building industry and the government policy effects: Policy simulation based on the DSGE model," Energy, Elsevier, vol. 268(C).

    More about this item

    JEL classification:

    • L85 - Industrial Organization - - Industry Studies: Services - - - Real Estate Services

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:jre:issued:v:36:n:4:2014:p:435-474. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: JRER Graduate Assistant/Webmaster (email available below). General contact details of provider: http://www.aresnet.org/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.