Unleashing the hidden green value: assessing the impact of energy certification and environmental amenities on real estate through hedonic modelling

Assessing places’ liveability: informational entropy for the construction of a set of criteria and indicators

Fabrizio Battisti^1,*, Orazio Campo², Melania Perdonò¹

¹ Department of Agriculture, Food and Environment, University of Catania, Italy

² Department of Environmental Engineering, University of Calabria, Italy

³ Department of Veterinary Sciences, University of Messina, Italy

Accepted: 2025-05-09 | Published Online: 2025-05-20

DOI: 10.36253/aestim-17865

 

ABSTRACT

We employ a spatial econometric approach to investigate the factors influencing residential property prices in La Spezia province (Italy). Unlike traditional hedonic models, which often overlook spatial dependencies, our methodology explicitly accounts for spatial autocorrelation, thereby yielding more robust and accurate estimates. Diagnostic spatial tests reveal significant spatial dependence in both property prices and context variables. To address this, we adopt the Spatial Durbin Error Model (SDEM), using a first-order Queen contiguity weight matrix. This model not only enhances explanatory power but also improves predictive accuracy. By incorporating spatial effects, the SDEM enables the disentanglement of direct and spillover influences, offering a more comprehensive understanding of the determinants of property prices. The findings demonstrate the importance of spatially-aware models not only in the formulation of effective housing policies and urban development strategies but also in appraisal practices, where they improve the accuracy of real estate valuation.

¹ Higher School of Commerce, Koléa University Center, Tipaza, Algeria

² Faculty of Economic, Commercial and Management Sciences, University of Algiers 03, Algeria.

Accepted: 2025-04-19 | Published Online: 2025-05-18

DOI: 10.36253/aestim-17286

 

ABSTRACT

Tourism is an effective method for attaining sustainable growth, reducing unemployment, and alleviating poverty because of its significance and influence on other economic activities. Therefore, the current investigation investigates the impact of tourism investment on poverty in the Algerian economy from 1995 to 2020. To study how tourism investment affects poverty reduction in both the short and long term, we use the Autoregressive Distributed Lag (ARDL) model. This model helps to handle issues like non-stationarity, connections between different areas, and correcting errors in the data. This paper contributes by providing empirical evidence of the impact of tourism investment on poverty reduction in Algeria and provides policy recommendations for sustainable growth. Policy implications can prompt policymakers to leverage tourism for poverty alleviation by promoting sustainable investment, improving infrastructure, and supporting employment. The study recognizes the prospects of tourism as a long-lasting economic driver of poverty alleviation. This research makes a significant contribution by presenting empirical evidence on how tourism contributes to poverty reduction in Algeria. We offer policymakers lessons to formulate effective policies that can maximize the economic and social impact of tourism.

¹ Department of Industrial Engineering, University of Naples Federico II, Naples, Italy

² Department of Architecture and Design, Sapienza University of Rome, Rome, Italy

Accepted: 2025-04-01 | Published Online: 2025-05-09

DOI: 10.36253/aestim-17323

 

ABSTRACT

The “Land of Fires” is an area extending between the provinces of Naples and Caserta (Italy). This vast region is notoriously affected by the burial and illegal disposal of toxic and special waste in abandoned quarries or unauthorized landfills, with waste often being burned, triggering numerous toxic fires. These phenomena create a “stigma effect” on the livability of the area under examination, with the local population suffering the most significant consequences. Residents are forced to live in a territory where mortality and cancer incidence rates are significantly higher than the national average.
The primary objective of this study is to assess how environmental and social quality in the “Land of Fires” influence prices in the local real estate market. The first part of the study delves into the issues of urban quality in this context and its impact on residential property prices. The second part focuses on a specific portion of the “Land of Fires”, known as the “Triangle of Death” which includes the municipalities of Acerra, Marigliano, and Nola, with the aim of evaluating the geospatial variability of real estate values.

Department of Biomedicine and Prevention, University of Rome “Tor Vergata”, Rome, Italy

Accepted: 2025-04-01 | Published Online: 2025-04-25

DOI: 10.36253/aestim-16995

 

ABSTRACT

The profession of the agronomist, in the hundred years of its history, is marked by the evolution of the notion of agriculture. Thus, initially holder of skills inherent to the land relevance of production structures, he finds himself later exercising more articulated tasks congenial to the profound transformation of production activities, once the biological cycle is removed from soil conditioning and the valorisation of the land becomes a qualifying parameter of a multifunctional vocation capable of involving management formulas integrated with the environment.

A profession that requires a specialised cultural background but which rejects the fragmentation of knowledge, in a renewed commitment to compose from his point of view, how the agronomist can continue to be an interpreter of the productive leap characterising the sustainable dimension of development, improving the quality of life in the countryside with solutions placed at the service of common goods.

Nataliia Lelechenko^1,*, Tetiana Derun²

¹ Department of Public Administration, State University “Kyiv Aviation Institute”, Kyiv, Ukraine

² Educational and Scientific Institute of Public Administration and Civil Service, Taras Shevchenko National University of Kyiv, Kyiv, Ukraine

Accepted: 2025-02-27 | Published Online: 2025-04-18

DOI: 10.36253/aestim-16857

 

ABSTRACT

The article aims to examine how the armed conflict affects the environmental safety and resilience of the urban environment in Ukraine. The author analyzes the impact of infrastructural, social, economic, and environmental resistance on the city’s ability to maintain a socioeconomic and ecological balance and minimize the mass destruction of its infrastructure. The article employs general scientific and special methods, including theoretical generalization, comparison, systematization, abstract-logical, prognostic, logical, and analytical methods. The article relies on an integrated approach when assessing environmental safety and its preservation; it primarily involves implementing preventive measures necessary to ensure the viability and sustainability of urban areas in the conditions of war and after its end. The findings confirm that a close interaction between public authorities, scientific institutions, public organizations, and the population can help to achieve sustainable development and urban environment safety in Ukraine. It is suggested to focus on climate-neutral post-war recovery and strengthen the potential of territorial communities in further scientific research.

Luisa Paolotti^1,*, Ignacio Melendez Pastor², Elena Ricciolini¹, Lucia Rocchi¹, Asunción Maria Agulló Torres³, Antonio Boggia¹

¹ Department of Agricultural, Food and Environmental Sciences, University of Perugia, Italy

² Department of Agrochemistry and Environment, Miguel Hernández University of Elche, Spain

³ Department of Agri-environmental Economics, Miguel Hernández University of Elche, Spain

Accepted: 2025-01-11 | Published Online: 2025-01-24

DOI: 10.36253/aestim-17200

 

ABSTRACT

The UN 2030 Agenda is the current reference point for achieving sustainable development at the international level. Focusing on the implementation effort and monitoring the progress of SDGs are crucial aspects for achieving the Goals by 2030. The evaluation and achievement of sustainability at the sub-national level is fundamental, as sustainable development is considered achievable if it originates on the local level. Given that, the objective of this research was to assess sustainable development related to the 2030 Agenda considering the 17 regions (autonomous communities) of Spain. The analysis was carried out through the Spatial Sustainability Assessment Model (SSAM), set up as a plug-in of QGIS, which integrates multi-criteria analysis with the geographical tool. The region datasets referred to years 2019 and 2020 to observe a comparison of pre and post-COVID framework and to assess possible changes due to pandemic impacts. Results showed that, both in 2019 and 2020, for the environmental dimension the majority of the regions obtained very low or low results, showing a generally scarce environmental situation. A general decline for the majority of the indices was observed and a decrease in sustainability from north to south was detected, both for the social and the global sustainability dimensions. The social dimension in most cases was the one marking the global ordination of the communities.

Danilo Gambelli*, Alice Dappozzo, Andrea Cameli, Carlo Urbinati, Alessandro Vitali

Department of Agricultural, Food and Environmental Sciences (D3A), Università Politecnica delle Marche, Italy.

Accepted: 2024-12-19 | Published Online: 2025-01-03

DOI: 10.36253/aestim-16391

 

ABSTRACT

This article investigates the perceived relevance of cultural ecosystem services (ES) in two forest areas in the Marche region (Italy) and how users, tourists and locals value them economically. Two surveys were used to collect data from visitors to the two areas. Through a performance analysis (IPA), we assessed visitors’ satisfaction with cultural ES in the two areas under investigation. The economic appraisal of the ecosystem services in the two forest areas was based on a contingent valuation model (CVM) using a double-bounded approach to estimate visitors’ willingness to pay (WTP). This type of research, merging qualitative and monetary evaluation of ES can contribute to defining policy management by identifying aspects and activities in natural areas that require specific intervention. Evidence for the economic value delivered by a broader range of ES may support the definition of more effective policy measures for forest areas and create the basis for the definition of payment schemes for ES.