Economic Impact Appraisal of Municipal Solid Waste Dumpsite on Nearby Properties Using HEDONIC Model

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ABSTRACT:  

The  disposal of  municipal solid  waste  in  dump  sites  located  near  to  existing  properties  is  a  serious problem in developing countries,  and littering of  MSW  is  common in the  streets that  does not have adequate  final disposal and responsible for serious negative impacts human health and the environment. This work studies the off-site economic  impact  of  solid  waste  dump  on  value  of  nearby  residential  properties  with  particular  reference  to  Offa metropolis, Kwara state, Nigeria. The study hypothesized that solid waste dumpsite has no significant effect (positive or negative) on the values of its proximate properties. The hypothesis is tested with a standard hedonic pricing model using a sample of 450 respondents across the study area. The F- statistics for the model are highly significant at the 1% level, and R2 values are high in the model suggesting that a very high significance could be placed on the results and that the eight housing attributes considered sufficiently account for variation in apartment rentals the study area. Out of the eight explanatory variables used in the analysis, five of them show positive signs of considerable impact on rent apartment price. The findings in this work suggest that waste dumpsites within fully developed residential area should be closed down and relocated. It is further suggested the need to introduce a recycling programmes through modern methods with a view of turning waste to wealth in the study area as it has being practiced in neighboring State of Osun, Nigeria. 


KEYWORDS: Hedonic model, Dumpsites, Property value, Regression Model, MSW, Offa 

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APA

Resource Hub, B. & Sholadoye, M (2022). Economic Impact Appraisal of Municipal Solid Waste Dumpsite on Nearby Properties Using HEDONIC Model. Afribary. Retrieved from https://afribary.com/works/23-ijarset-tomori-1

MLA 8th

Resource Hub, Biohistocultural, and Munir Sholadoye "Economic Impact Appraisal of Municipal Solid Waste Dumpsite on Nearby Properties Using HEDONIC Model" Afribary. Afribary, 19 Mar. 2022, https://afribary.com/works/23-ijarset-tomori-1. Accessed 22 May. 2022.

MLA7

Resource Hub, Biohistocultural, and Munir Sholadoye . "Economic Impact Appraisal of Municipal Solid Waste Dumpsite on Nearby Properties Using HEDONIC Model". Afribary, Afribary, 19 Mar. 2022. Web. 22 May. 2022. < https://afribary.com/works/23-ijarset-tomori-1 >.

Chicago

Resource Hub, Biohistocultural and Sholadoye, Munir . "Economic Impact Appraisal of Municipal Solid Waste Dumpsite on Nearby Properties Using HEDONIC Model" Afribary (2022). Accessed May 22, 2022. https://afribary.com/works/23-ijarset-tomori-1