Abstract
Special schools are essential facilities to guarantee the right to education for students with disabilities. Still, it is not easy to establish those schools due to strong opposition from local residents. The main reason for the residents' resistance is the negative effect of the community image and the resultant decline in housing prices. By studying the case of Seojin School, this study attempts to examine the special school's external economic impact and explore strategies to respond to the NIMBY phenomenon of local residents effectively.
 This study analyzes the sale price of apartments in nearby areas, focusing on Seojin School, which opened in 2020. 2017 was the year when the “Second Resident Hearing” was held, and the residents' NIMBY demonstration was covered in the national news. Before and after the debate, the sale price of apartments around Seojin School for five years(2015~2019) is analyzed using a hedonic price function model. The polygonal model was set in consideration of the spatial research area based on our judgment of the impact zone of Seojin school.
 First, the location of Seojin School has a negative effect on the apartment sale price.
 Second, these negative externalities still exist despite the passage of time. However, the negative external effect was very small, less than 10,000 won.
Sign-in/Register to access full text options 
Free) 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call
