Impacts of Hospital Closures on Rural Housing Values in Illinois

التفاصيل البيبلوغرافية
العنوان: Impacts of Hospital Closures on Rural Housing Values in Illinois
المؤلفون: Miller, Cristina, Nikaj, Silda, Pender, John
سنة النشر: 2015
المجموعة: AgEcon Search - Research in Agricultural & Applied Economics
مصطلحات موضوعية: hospital closures, rural hospitals, rural economic development, rural wealth, repeat sales, Community/Rural/Urban Development, O180, R110, R150
الوصف: Rural hospitals may be an attractive amenity for retirees, retirement communities, and firms. In many rural communities, hospitals are often one of the largest employers. When a rural hospital closes, this is expected to reduce housing values, although no studies to date have investigated this relationship. As a pilot study for future research, we estimate the impact of White Community Medical Center’s (located in Carmi, Illinois) closure in December 2005 on local housing values, using a repeat sales estimator. We find that the change in housing values for houses that sold before and after the closure was not statistically significantly affected by the distance from the house to the closed hospital. These results are limited by a small number of repeat sales in White County; further research with data from other states is needed to determine the impact of rural hospital closures on housing values.
نوع الوثيقة: conference object
اللغة: English
العلاقة: Agricultural and Applied Economics Association>2015 AAEA & WAEA Joint Annual Meeting, July 26-28, San Francisco, California; http://purl.umn.edu/205546Test
الإتاحة: http://purl.umn.edu/205546Test
رقم الانضمام: edsbas.2F925C4C
قاعدة البيانات: BASE