| Issue |
E3S Web Conf.
Volume 435, 2023
VII International Scientific Conference “Cities of New Age: GLASS” (REC-2023)
|
|
|---|---|---|
| Article Number | 01002 | |
| Number of page(s) | 10 | |
| Section | Environmental Urban Sustainability | |
| DOI | https://doi.org/10.1051/e3sconf/202343501002 | |
| Published online | 11 October 2023 | |
Impact of urban green and water belts on the city economy: A review of valuation aspects
1 State University of Management (SUM/GYY), Department of Economic Policy and Economic Measurements, 99 Ryazanski Prospect, 109542 Moscow, Russia
2 TEAM University, 146 Temur Malik St., Tashkent, Uzbekistan
3 Ariel University, 3 Kiryat HaMada, 40700 Ariel, Israel
* Corresponding author: medvedeva_o@list.ru
The purpose of the study is to review available economic methods for the incorporation of urban green belts and water spaces into the city development control system. The paper aims to identify economic subjects of analysis, provide a definition of approaches, and methods for ensuring the rendering of decisions in a monetized form, and outline the main directions of work for creating the legal and methodological frameworks for the formation of urban green belts. The findings indicate that the valuation treatment of urban green water belts requires them to be split into tangible and intangible asset components, with the valuation of the former amenable under the cost approach, and the valuation of the latter requiring the application of sociological (contingent) and regression-based valuation methods. We conclude with suggestions on how valuation estimates obtainable for such assets can be used in the context of urban zoning and financial municipal administration decisions.
Key words: Urban green and water belts and water spaces (UGWB) / Green and water infrastructure / Ecosystem services / Tangible assets / Intangible assets
© The Authors, published by EDP Sciences, 2023
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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