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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