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“Environmental Economics for a Sustainable Development†Evaluation of Environmental and Recreational Values of the Area Lezhe –Shengjin using Indirect Approximate Method “Hedonic Price Methodâ€

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  • C. Erinda IMERAJ
  • Ing. Zef IMERAJ

Abstract

The area of the project Lezhe –Shengjin has a combination of recreational tourism and industry development. Promotion of tourism and environmental values of Lezha is a bold undertaking for a region with a diversity of values. Stable ecological development impacts directly in the development of the inhabited area and in the standards of it, while reflecting also in the home prices. Project aims to identify and to study the basic areas of the ecosystem and to present the impact that has the environment to the economy, by analyzing of the home prices of those, their diversity and changes. Methodology that the project will use is based on an indirect approximate method “Hedonic Price Methodâ€. The base of these methods lies on questioners made face to face with the residents of the region and a considerable part of the data collection would be the collaboration with the commune and municipality administration offices of the region. Firstly, the project members will identify specifically services and environmental goods that the project will assess. Meanwhile, the meeting with the head officer of the commune would be planned and a contract of collaboration with his office would be signed. An important phase of the project will be the preparation of the questioners, on which behalf, the project members are selected. It is considered to prepare around 2000 Surveys for t h e respective method for areas of the targeted region, Lezhe and Shengjin. Getting the result of the indirect method that will be used, as mentioned, would need the data collection of the surveys and the data taken officially from the commune of Shengjin and Municipality of Lezha. During the data collection period the project members will consider also several meetings with real estate offices of the region and ecological NGOs. All data collected will be considered to be analyzed due to “Hedonic Price Method†and the expected results are considered to conclude in direct relations between the high ecosystem standards and relatively high competitive home prices. As well the result would be a good guide for the evaluation of the agency investments. Result of the project will firstly be presented to the interest group and then will be presented at scientific seminars and conferences within and outside the country and will serve as a starting point for further studies related to this field of study. Key results would provide good material to be firstly presented and published in scientific journals.

Suggested Citation

  • C. Erinda IMERAJ & Ing. Zef IMERAJ, 2015. "“Environmental Economics for a Sustainable Development†Evaluation of Environmental and Recreational Values of the Area Lezhe –Shengjin using Indirect Approximate Method “Hedonic Price Methodâ€," Journal of Social and Development Sciences, AMH International, vol. 6(4), pages 21-29.
    • Handle: RePEc:rnd:arjsds:v:6:y:2015:i:4:p:21-29
    DOI: 10.22610/jsds.v6i4.856
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    References listed on IDEAS

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    1. Kathrine von Graevenitz & Toke Emil Panduro, 2015. "An Alternative to the Standard Spatial Econometric Approaches in Hedonic House Price Models," Land Economics, University of Wisconsin Press, vol. 91(2), pages 386-409.
    2. Pearson, L. J. & Tisdell, C. & Lisle, A. T., 2002. "The Impact of Noosa National Park on Surrounding Property Values: An Application of the Hedonic Price Method," Economic Analysis and Policy, Elsevier, vol. 32(2), pages 155-171, June Spec.
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