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Impact of Water Recreational Development on Rural Property Values

Author

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  • W. A. Schutjer
  • M. C. Hallberg

Abstract

Public investment in water-based recreation facilities is made to increase the recreation potential of an area and to improve the economic resource base of the area. Estimates of the impact of one such investment on the structure of the land market and on property values were made for a rural area in Pennsylvania. The findings of the study support the general hypothesis that investment in water-based recreation facilities does significantly influence the value of rural property and the structure of the rural land market. Property characteristics and subdivision activity on surrounding properties had to be considered in addition to distance from the recreational development to measure the impact of this public investment.

Suggested Citation

  • W. A. Schutjer & M. C. Hallberg, 1968. "Impact of Water Recreational Development on Rural Property Values," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 50(3), pages 572-583.
    • Handle: RePEc:oup:ajagec:v:50:y:1968:i:3:p:572-583.
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    File URL: http://hdl.handle.net/10.2307/1238260
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    Citations

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    Cited by:

    1. Reynolds, John E. & Shonkwiler, J. Scott & Prevatt, J. Walter, 1984. "The potential-use valuation of rural land: an errors in qualitative variables application," 1984 Annual Meeting, August 5-8, Ithaca, New York 279000, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    2. Debertin, David L. & Freund, R. J., 1975. "The Deletion of Variables From Regression Models Based on Tests of Significance: A Statistical and Moral Issue," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 7(1), pages 211-216, July.
    3. Vandeveer, Lonnie R. & Drummond, H. Evan, 1976. "Estimating The Differential Change In Land Use Associated With Reservoir Construction," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 8(1), pages 1-6, July.

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