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Registros recuperados: 34 | |
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Lambert, Dayton M.; Florax, Raymond J.G.M.; Cho, Seong-Hoon. |
This research note documents estimation procedures and results for an empirical investigation of the performance of the recently developed spatial, heteroskedasticity and autocorrelation consistent (HAC) covariance estimator calibrated with different kernel bandwidths. The empirical example is concerned with a hedonic price model for residential property values. The first bandwidth approach varies an a priori determined plug-in bandwidth criterion. The second method is a data driven cross-validation approach to determine the optimal neighborhood. The third approach uses a robust semivariogram to determine the range over which residuals are spatially correlated. Inference becomes more conservative as the plug-in bandwidth is increased. The data-driven... |
Tipo: Working or Discussion Paper |
Palavras-chave: Spatial HAC; Semivariogram; Bandwidth; Hedonic model; Research Methods/ Statistical Methods; C13; C31; R21. |
Ano: 2008 |
URL: http://purl.umn.edu/45964 |
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Oltmer, Katrin; Florax, Raymond J.G.M.. |
Agricultural policy support to farmers is being reconsidered in most industrialized countries. The adverse incentive structure of price support is generally considered to be inadequate. Income support schemes may therefore be preferable in view of externalities of agricultural production such as the development and maintenance of nature. A plethora of studies comprises estimates of the impact of a sustained future benefit stream (among other things through continued price and income support) on land prices. The empirical results of these studies vary considerably. We apply meta-analytical methods to identify the factors explaining this variation in capitalization of future benefits in agricultural land prices. The resultant information is of crucial... |
Tipo: Conference Paper or Presentation |
Palavras-chave: Agricultural and Food Policy; Land Economics/Use. |
Ano: 2001 |
URL: http://purl.umn.edu/20507 |
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Waldorf, Brigitte S.; Byun, Pillsung; Florax, Raymond J.G.M.. |
Since the 1970s, growth controls spread across many metropolitan regions in the United States. Several studies address the effects of local growth controls on housing markets, particularly its price effect, which is induced by rising construction cost, constrained housing supply, improved amenities, and market reorientation of homebuilders. However, only few studies explicitly address inter-jurisdictional spatial spillovers and strategic interaction of policy-makers of different jurisdictions in the design of growth control policies. This study focuses on two housing market outcomes, supply of new housing and market orientation, and utilizes a spatial econometric framework to systematically investigate local and global spatial spillovers giving rise to... |
Tipo: Conference Paper or Presentation |
Palavras-chave: Spatial spillovers; Growth controls; Housing supply; Market orientation; Public Economics; C21; H23; H73; R31. |
Ano: 2005 |
URL: http://purl.umn.edu/19574 |
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Pede, Valerien O.; Florax, Raymond J.G.M.; de Groot, Henri L.F.. |
The traditional view of cities as monocentric conglomerates of people clustered around an employment center, driving economic growth in cities that subsequently trickles down to the hinterland, is increasingly being challenged. In particular, the role of space, technological leadership, human capital, increasing returns to scale and industrial clustering as well as hierarchical organization principles have been emphasized in the more recent literature. This paper utilizes exploratory and spatial econometric data analysis techniques to investigate these issues for U.S. counties using data from 1969 through 2003. Ultimately, contiguous and hierarchical organization and interaction patterns are captured using an endogenous growth model allowing for spatial... |
Tipo: Working or Discussion Paper |
Palavras-chave: Community/Rural/Urban Development. |
Ano: 2006 |
URL: http://purl.umn.edu/28630 |
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Registros recuperados: 34 | |
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