An economic valuation of urban green spaces in Kuala Lumpur city
An economic value of urban green space (UGS) in Kuala Lumpur (KL) city is estimated in this study. A global model and a local model are formulated based on hedonic price method. The global and local models were analysed with an Ordinary Least Squares (OLS) regression and a Geographically Weighted Re...
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| Format: | Article |
| Language: | English |
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Universiti Putra Malaysia Press
2018
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| Online Access: | http://psasir.upm.edu.my/id/eprint/60248/ http://psasir.upm.edu.my/id/eprint/60248/1/28%20JSSH-2035-2017-3rdProof.pdf |
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| author | A. Samad, Nur Syafiqah Abdul Samad @ Iammi, Abdul Rahim Mohd Yusof, Mohd Johari Tanaka, Katsuya |
| author_facet | A. Samad, Nur Syafiqah Abdul Samad @ Iammi, Abdul Rahim Mohd Yusof, Mohd Johari Tanaka, Katsuya |
| author_sort | A. Samad, Nur Syafiqah |
| building | UPM Institutional Repository |
| collection | Online Access |
| description | An economic value of urban green space (UGS) in Kuala Lumpur (KL) city is estimated in this study. A global model and a local model are formulated based on hedonic price method. The global and local models were analysed with an Ordinary Least Squares (OLS) regression and a Geographically Weighted Regression (GWR) respectively. Both the models were compares to see which model offered a better result. The results of OLS regression illustrated that Titiwangsa and Forest Research Institute Malaysia (FRIM) offer the highest economic value for model 2 and 3 respectively. The results of GWR determined that the economic value of an UGS can be analysed by the region. The GWR result revealed that FRIM provides high economic value to all the residential areas in KL city. However, the economic value of Titiwangsa is not valuable for the residential areas in KL city including Mont Kiara Pines, Jinjang Selatan, Segambut Garden, Bandar Menjalara and Taman Bukit Maluri. As a conclusion, even though Titiwangsa generates the highest economic value, it is only significant at certain residential areas as proved by the local model. In terms of model application, the local model performed better than the global model. |
| first_indexed | 2025-11-15T11:05:09Z |
| format | Article |
| id | upm-60248 |
| institution | Universiti Putra Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-15T11:05:09Z |
| publishDate | 2018 |
| publisher | Universiti Putra Malaysia Press |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | upm-602482018-05-18T03:43:34Z http://psasir.upm.edu.my/id/eprint/60248/ An economic valuation of urban green spaces in Kuala Lumpur city A. Samad, Nur Syafiqah Abdul Samad @ Iammi, Abdul Rahim Mohd Yusof, Mohd Johari Tanaka, Katsuya An economic value of urban green space (UGS) in Kuala Lumpur (KL) city is estimated in this study. A global model and a local model are formulated based on hedonic price method. The global and local models were analysed with an Ordinary Least Squares (OLS) regression and a Geographically Weighted Regression (GWR) respectively. Both the models were compares to see which model offered a better result. The results of OLS regression illustrated that Titiwangsa and Forest Research Institute Malaysia (FRIM) offer the highest economic value for model 2 and 3 respectively. The results of GWR determined that the economic value of an UGS can be analysed by the region. The GWR result revealed that FRIM provides high economic value to all the residential areas in KL city. However, the economic value of Titiwangsa is not valuable for the residential areas in KL city including Mont Kiara Pines, Jinjang Selatan, Segambut Garden, Bandar Menjalara and Taman Bukit Maluri. As a conclusion, even though Titiwangsa generates the highest economic value, it is only significant at certain residential areas as proved by the local model. In terms of model application, the local model performed better than the global model. Universiti Putra Malaysia Press 2018 Article PeerReviewed text en http://psasir.upm.edu.my/id/eprint/60248/1/28%20JSSH-2035-2017-3rdProof.pdf A. Samad, Nur Syafiqah and Abdul Samad @ Iammi, Abdul Rahim and Mohd Yusof, Mohd Johari and Tanaka, Katsuya (2018) An economic valuation of urban green spaces in Kuala Lumpur city. Pertanika Journal of Social Sciences & Humanities, 26 (1). pp. 469-490. ISSN 0128-7702; ESSN: 2231-8534 http://www.pertanika.upm.edu.my/Pertanika%20PAPERS/JSSH%20Vol.%2026%20(1)%20Mar.%202018/28%20JSSH-2035-2017-3rdProof.pdf |
| spellingShingle | A. Samad, Nur Syafiqah Abdul Samad @ Iammi, Abdul Rahim Mohd Yusof, Mohd Johari Tanaka, Katsuya An economic valuation of urban green spaces in Kuala Lumpur city |
| title | An economic valuation of urban green spaces in Kuala Lumpur city |
| title_full | An economic valuation of urban green spaces in Kuala Lumpur city |
| title_fullStr | An economic valuation of urban green spaces in Kuala Lumpur city |
| title_full_unstemmed | An economic valuation of urban green spaces in Kuala Lumpur city |
| title_short | An economic valuation of urban green spaces in Kuala Lumpur city |
| title_sort | economic valuation of urban green spaces in kuala lumpur city |
| url | http://psasir.upm.edu.my/id/eprint/60248/ http://psasir.upm.edu.my/id/eprint/60248/ http://psasir.upm.edu.my/id/eprint/60248/1/28%20JSSH-2035-2017-3rdProof.pdf |