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An economic valuation of urban green spaces in Kuala Lumpur city

An economic value of urban green space (UGS) in Kuala Lumpur (KL) city is estimated in this study. A global model and a local model are formulated based on hedonic price method. The global and local models were analysed with an Ordinary Least Squares (OLS) regression and a Geographically Weighted Re...

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Hoofdauteurs: A. Samad, Nur Syafiqah, Abdul Samad @ Iammi, Abdul Rahim, Mohd Yusof, Mohd Johari, Tanaka, Katsuya
Formaat: Artikel
Taal:English
Gepubliceerd in: Universiti Putra Malaysia Press 2018
Online toegang:http://psasir.upm.edu.my/id/eprint/60248/1/28%20JSSH-2035-2017-3rdProof.pdf
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spelling oai:psasir.upm.edu.my:60248 http://psasir.upm.edu.my/id/eprint/60248/ An economic valuation of urban green spaces in Kuala Lumpur city A. Samad, Nur Syafiqah Abdul Samad @ Iammi, Abdul Rahim Mohd Yusof, Mohd Johari Tanaka, Katsuya An economic value of urban green space (UGS) in Kuala Lumpur (KL) city is estimated in this study. A global model and a local model are formulated based on hedonic price method. The global and local models were analysed with an Ordinary Least Squares (OLS) regression and a Geographically Weighted Regression (GWR) respectively. Both the models were compares to see which model offered a better result. The results of OLS regression illustrated that Titiwangsa and Forest Research Institute Malaysia (FRIM) offer the highest economic value for model 2 and 3 respectively. The results of GWR determined that the economic value of an UGS can be analysed by the region. The GWR result revealed that FRIM provides high economic value to all the residential areas in KL city. However, the economic value of Titiwangsa is not valuable for the residential areas in KL city including Mont Kiara Pines, Jinjang Selatan, Segambut Garden, Bandar Menjalara and Taman Bukit Maluri. As a conclusion, even though Titiwangsa generates the highest economic value, it is only significant at certain residential areas as proved by the local model. In terms of model application, the local model performed better than the global model. Universiti Putra Malaysia Press 2018 Article PeerReviewed text en http://psasir.upm.edu.my/id/eprint/60248/1/28%20JSSH-2035-2017-3rdProof.pdf A. Samad, Nur Syafiqah and Abdul Samad @ Iammi, Abdul Rahim and Mohd Yusof, Mohd Johari and Tanaka, Katsuya (2018) An economic valuation of urban green spaces in Kuala Lumpur city. Pertanika Journal of Social Sciences & Humanities, 26 (1). pp. 469-490. ISSN 0128-7702; ESSN: 2231-8534 http://www.pertanika.upm.edu.my/Pertanika%20PAPERS/JSSH%20Vol.%2026%20(1)%20Mar.%202018/28%20JSSH-2035-2017-3rdProof.pdf
institution UPM IR
collection UPM IR
language English
description An economic value of urban green space (UGS) in Kuala Lumpur (KL) city is estimated in this study. A global model and a local model are formulated based on hedonic price method. The global and local models were analysed with an Ordinary Least Squares (OLS) regression and a Geographically Weighted Regression (GWR) respectively. Both the models were compares to see which model offered a better result. The results of OLS regression illustrated that Titiwangsa and Forest Research Institute Malaysia (FRIM) offer the highest economic value for model 2 and 3 respectively. The results of GWR determined that the economic value of an UGS can be analysed by the region. The GWR result revealed that FRIM provides high economic value to all the residential areas in KL city. However, the economic value of Titiwangsa is not valuable for the residential areas in KL city including Mont Kiara Pines, Jinjang Selatan, Segambut Garden, Bandar Menjalara and Taman Bukit Maluri. As a conclusion, even though Titiwangsa generates the highest economic value, it is only significant at certain residential areas as proved by the local model. In terms of model application, the local model performed better than the global model.
format Article
author A. Samad, Nur Syafiqah
Abdul Samad @ Iammi, Abdul Rahim
Mohd Yusof, Mohd Johari
Tanaka, Katsuya
spellingShingle A. Samad, Nur Syafiqah
Abdul Samad @ Iammi, Abdul Rahim
Mohd Yusof, Mohd Johari
Tanaka, Katsuya
An economic valuation of urban green spaces in Kuala Lumpur city
author_facet A. Samad, Nur Syafiqah
Abdul Samad @ Iammi, Abdul Rahim
Mohd Yusof, Mohd Johari
Tanaka, Katsuya
author_sort A. Samad, Nur Syafiqah
title An economic valuation of urban green spaces in Kuala Lumpur city
title_short An economic valuation of urban green spaces in Kuala Lumpur city
title_full An economic valuation of urban green spaces in Kuala Lumpur city
title_fullStr An economic valuation of urban green spaces in Kuala Lumpur city
title_full_unstemmed An economic valuation of urban green spaces in Kuala Lumpur city
title_sort economic valuation of urban green spaces in kuala lumpur city
publisher Universiti Putra Malaysia Press
publishDate 2018
url http://psasir.upm.edu.my/id/eprint/60248/1/28%20JSSH-2035-2017-3rdProof.pdf
_version_ 1819298018097102848
score 13.4562235

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