The rising and heterogeneous demand for urban green space by Chinese urban residents: Evidence from Beijing

Studies using Hedonic housing price model to discuss residents' demand for urban green space (UGS) demonstrate the importance that residents place on UGS. While much of the empirical findings have focused on residents' willingness to pay, more attention needs to be paid on its temporal change and spatial heterogeneity. Taking advantage of the diverse composition of urban parks, housing, and residents in Beijing, this paper explores the dynamic and heterogeneous demand for UGS. Using more than 240 thousand micro housing resale transaction data from 2011 to 2019, this paper constructs a Hedonic model to empirically estimate and confirm the basic, dynamic and heterogenous willingness to pay of residents for urban parks. Our empirical findings confirm the rising and heterogeneous demand for UGS by Chinese urban residents. First, the willingness to pay for parks of urban residents has continued to grow during our study period. Second, in view of different socioeconomic characteristics, there exists heterogeneous demand related to the housing of residents and different types of parks. Residents who live in homes with a larger size have a stronger demand for urban parks. Meanwhile, urban residents prefer parks with free entry over fee-based parks, and they have strong preference for some specific types of parks. Moreover, we conduct a survey and collect 907 valid samples to directly obtain residents' willingness to pay for urban parks, and the survey results further confirm the abovementioned findings. This study deepens the understanding of urban residents' demand for UGS, and will contribute to more scientific decision making on the planning, financing and management of UGS.