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Author(s) Farzanegan, Mohammad Reza; Feizi, Mehdi; Gholipour, Hassan F.

Drought and property prices: Empirical evidence from provinces of Iran

Source
Economics of Disasters and Climate Change (Springer)
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This study examines the effect of drought on housing and residential land prices in Iran. Using panel data covering the 2006–2015 period for 31 provinces of Iran and applying a dynamic system and the difference Generalized Methods of Moments (GMM) methods, the authors find that an increase in the balance of water (reducing the severity of drought) within provinces has a positive effect on property prices. Their results are robust, controlling for province fixed effects, time trend, and a set of control variables that may affect property prices.

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Drought and property prices: Empirical evidence from provinces of Iran English

Document links last validated on: 16 July 2021

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Hazards Drought
Themes Social impacts and social resilience
Country and region Iran, Islamic Rep of
ISBN/ISSN/DOI
10.1007/s41885-020-00081-0 (DOI)
Number of pages
19 p.
Publication year
2020

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