TY - JOUR
T1 - Fear of nuclear power? Evidence from Fukushima nuclear accident and land markets in China
AU - Zhu, Hongjia
AU - Deng, Yongheng
AU - Zhu, Rong
AU - He, Xiaobo
PY - 2016/9/1
Y1 - 2016/9/1
N2 - This paper examines whether the 2011 Fukushima Nuclear Accident (FNA) changed the Chinese public's attitude toward nuclear energy by studying transactions in land markets near nuclear power plants in China. Using a data set that matched the details of all nuclear reactors in China with information on land transactions around them before and after the FNA, we find that the accident had dynamic effects on land markets in China. Land prices within 40 km of nuclear power plants dropped by about 18% one month after the nuclear accident. However, the impact of FNA decreased over the longer term, eventually becoming statistically insignificant. Also, the impacts of the disaster varied with plant characteristics such as operating status, construction year, and size.
AB - This paper examines whether the 2011 Fukushima Nuclear Accident (FNA) changed the Chinese public's attitude toward nuclear energy by studying transactions in land markets near nuclear power plants in China. Using a data set that matched the details of all nuclear reactors in China with information on land transactions around them before and after the FNA, we find that the accident had dynamic effects on land markets in China. Land prices within 40 km of nuclear power plants dropped by about 18% one month after the nuclear accident. However, the impact of FNA decreased over the longer term, eventually becoming statistically insignificant. Also, the impacts of the disaster varied with plant characteristics such as operating status, construction year, and size.
KW - China
KW - Environment
KW - Fukushima nuclear accident
KW - Land market
KW - Nuclear energy
UR - http://www.scopus.com/inward/record.url?scp=84978883272&partnerID=8YFLogxK
U2 - 10.1016/j.regsciurbeco.2016.06.008
DO - 10.1016/j.regsciurbeco.2016.06.008
M3 - Article
VL - 60
SP - 139
EP - 154
JO - Regional Science and Urban Economics
JF - Regional Science and Urban Economics
SN - 0166-0462
ER -