Spatial transferability of hedonic house price function

McArthur, D. P., Osland, L. and Thorsen, I. (2012) Spatial transferability of hedonic house price function. Regional Studies, 46(5), pp. 597-610. (doi:10.1080/00343404.2010.521147)

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Abstract

The aim of this paper is to investigate whether it is possible to use parameter estimates from a hedonic function estimated in one region to make reliable predictions in another region. Two regions in south-west Norway are taken as the example. Focus is placed on the stability and transferability of parameters attached to two measures of spatial structure: proximity to the central business district (CBD) and accessibility to the labour market. In making this judgement, classical statistical tests are employed alongside equivalence testing. The conclusions are that predictions made using transferred spatial structure parameters were equivalent given the chosen tolerance level.

Item Type:Articles
Status:Published
Refereed:Yes
Glasgow Author(s) Enlighten ID:Mcarthur, Dr David
Authors: McArthur, D. P., Osland, L., and Thorsen, I.
Subjects:H Social Sciences > HA Statistics
H Social Sciences > HB Economic Theory
College/School:College of Social Sciences > School of Social and Political Sciences
Journal Name:Regional Studies
Publisher:Routledge
ISSN:0034-3404
ISSN (Online):1360-0591

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Project CodeAward NoProject NamePrincipal InvestigatorFunder's NameFunder RefLead Dept
182639UNSPECIFIEDKonsekvensanalyser for regional utviklingInge ThorsenResearch Council of NorwayUNSPECIFIEDUNSPECIFIED