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Exotic Forest Insects and Residential Property Values AgEcon
Holmes, Thomas P.; Murphy, Elizabeth A.; Bell, Kathleen P..
This paper presents a case study of the economic damages to homeowners in a northern New Jersey community due to an exotic forest insect--the hemlock woolly adelgid. Hedonic property value methods are used to estimate the effect of hemlock health on property values. A statistically significant relationship between hemlock health and residential property values is established. Moreover, there are some signs of spillover impacts from hemlock decline, as negative effects are realized on the parcels where the declining hemlock stands are located as well as on neighboring properties. These results give some indication of the benefits of potential control programs and strategies and also show support for community- or neighborhood-based programs in residential...
Tipo: Journal Article Palavras-chave: Invasive species; Economic impacts; Hedonic property values; General spatial model; Land Economics/Use.
Ano: 2006 URL: http://purl.umn.edu/10187
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Do Economic Restrictions Improve Forecasts? AgEcon
Murphy, Elizabeth A.; Norwood, F. Bailey; Wohlgenant, Michael K..
A previous study showed that imposing economic restrictions improves the forecasting ability of food demand systems, thus warranting their use even when rejected in-sample. This study attempts to determine whether this is due solely to the fact that restrictions improve degrees of freedom. Results indicate that restrictions improve forecasting ability even when not derived from economic theory, but theoretical restrictions forecast best.
Tipo: Conference Paper or Presentation Palavras-chave: Demand and Price Analysis.
Ano: 2003 URL: http://purl.umn.edu/35075
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Do Economic Restrictions Improve Forecasts? AgEcon
Murphy, Elizabeth A.; Norwood, F. Bailey; Wohlgenant, Michael K..
A previous study showed that imposing economic restrictions improves the forecasting ability of food demand systems, thus warranting their use even when they are rejected in-sample. This article evaluates whether this result is due to economic restrictions enhancing degrees of freedom or containing nonsample information. Results indicate that restrictions improve forecasting ability even when they are not derived from economic theory, but theoretical restrictions forecast best.
Tipo: Journal Article Palavras-chave: Demand systems; Economic restrictions; Forecasting; Representative consumer; B4; C1; C3; C5.
Ano: 2004 URL: http://purl.umn.edu/43447
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Do Economic Restrictions Improve Forecasts? AgEcon
Murphy, Elizabeth A.; Norwood, F. Bailey; Wohlgenant, Michael K..
A previous study showed that imposing economic restrictions improves the forecasting ability of food demand systems, thus warranting their use even when rejected in-sample. This study attempts to determine whether this is due solely to the fact that restrictions improve degrees of freedom. Results indicate that restrictions improve forecasting ability even when not derived from economic theory, but theoretical restrictions forecast best.
Tipo: Conference Paper or Presentation Palavras-chave: Demand and Price Analysis.
Ano: 2003 URL: http://purl.umn.edu/22208
Registros recuperados: 4
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