| Registro completo |
| Provedor de dados: |
AgEcon
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| País: |
United States
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| Título: |
Measuring the Contribution of Water and Green Space Amenities to Housing Values: An Application and Comparison of Spatially Weighted Hedonic Models
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| Autores: |
Cho, Seong-Hoon
Bowker, James Michael
Park, William M.
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| Data: |
2007-09-17
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| Ano: |
2006
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| Palavras-chave: |
Hedonic model
Locally weighted regression
Park
Spatial
Water bodies
Resource /Energy Economics and Policy
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| Resumo: |
This study estimates the influence of proximity to water bodies and park amenities on residential housing values in Knox County, Tennessee, using the hedonic price approach. Values for proximity to water bodies and parks are first estimated globally with a standard ordinary least squares (OLS) model. A locally weighted regression model is then employed to investigate spatial nonstationarity and generate local estimates for individual sources of each amenity. The local model reveals some important local differences in the effects of proximity to water bodies and parks on housing price.
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| Tipo: |
Journal Article
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| Idioma: |
Inglês
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| Identificador: |
28026
http://purl.umn.edu/8630
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| Editor: |
AgEcon Search
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| Relação: |
Journal of Agricultural and Resource Economics>Volume 31, Number 03, December 2006
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| Formato: |
23
application/pdf
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