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| Registros recuperados: 31 | |
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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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| Cho, Seong-Hoon; Newman, David H.; Wear, David N.. |
| This paper examines land development using an integrated approach that combines residential decisions about choices of community in the Southern Appalachian region with the application of the GIS (Geographical Information System). The empirical model infers a distinctive heterogeneity in the characteristics of community choices. The results also indicate that socioeconomic motives strongly affect urban housing decisions while environmental amenities affect those of rural housing. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Public Economics. |
| Ano: 2003 |
URL: http://purl.umn.edu/35209 |
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| Kim, Seung Gyu; Cho, Seong-Hoon; Roberts, Roland K.; Claassen, Roger. |
| The main objective of this research is to propose a data-driven approach to estimate the amenity values of restoring urban forest landscapes at potential target sites. The approach allows establishing the overall price-driving time relationship between the amenity values attributable to both deforested and forested areas and their proximities to housing locations within a given community. Establishing the overall price-driving time relationship is important because the hedonic price model cannot be used to estimate the amenity values of yet to be restored urban forest landscapes that do not exist at the time of housing sales transactions. We estimated the sum of the differences between amenity values of deforested and forested areas on housing prices... |
| Tipo: Working Paper |
Palavras-chave: Urban forest landscapes; Spatial hedonic model; Travel distance; Land Economics/Use. |
| Ano: 2012 |
URL: http://purl.umn.edu/123552 |
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| Cho, Seong-Hoon; Wu, JunJie. |
| In this paper, a theoretical model is developed to analyze the interactions among residential development, land use regulations, and public financial impacts (public expenditure and property tax). A simultaneous equations system with self-selection and discrete dependent variables is estimated to determine the interactions for counties in the five western states (California, Idaho, Nevada, Oregon, and Washington). The results show that county governments are more likely to impose land use regulations when facing rapid land development, high public expenditure and property tax. The land use regulations, in turn, decrease land development, long-run public expenditure, and property tax at the cost of higher housing prices and property tax. During the... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Community/Rural/Urban Development; Land Economics/Use. |
| Ano: 2001 |
URL: http://purl.umn.edu/20774 |
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| Cho, Seong-Hoon; Roberts, Roland K.; Kim, Seung Gyu. |
| The following hypothesis was tested: Willingness to bear a negative water impairment externality differs between those who do and those who do not receive economic benefit from the impairment source, e.g., a paper mill. The hypothesis was tested using a hedonic analysis of ambient water quality in two discrete housing markets in the Pigeon River Watershed, which have been polluted by the operation of a paper mill. The results suggest that North Carolina residents of the subwatersheds with impaired river, who experience economic benefits from the paper mill in addition to harmful effects, do perceive the pollution as a negative externality, whereas they may have a willingness to bear a similar type of negative externality associated with impaired streams.... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Negative Externalities; Water quality; Spatial hedonic model; Environmental Economics and Policy. |
| Ano: 2011 |
URL: http://purl.umn.edu/103762 |
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| Cho, Seong-Hoon; Clark, Christopher D.; Park, William M.. |
| Housing growth in Tennessee that incorporates spatial spillover and spatial heterogeneity at the level of census-block group is projected. A deterministic interpolation technique is adopted to create alternative neighborhood variables that captures spatial spillover of neighborhood effects on housing growth without multicollinearity. The maps drawn using the geographically weighted regression parameter estimates revealed that the local marginal effect of the housing price increases on housing growth gradually increases as one moves eastward. The population growth in the adjacent neighborhood-block group has about 10% of marginal effect of population growth in its own block group. The marginal effect of population growth is relatively higher in the... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Consumer/Household Economics. |
| Ano: 2005 |
URL: http://purl.umn.edu/19392 |
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| Cho, Seong-Hoon; Bowker, James Michael; Park, William M.. |
| 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 square (OLS) model. A locally weighted regression model is then employed to investigate spatial non-stationarity and generate local estimates for individual sources of each amenity. The local model is able to capture the variability in the quality of water bodies and parks across the county, something a conventional hedonic model using OLS cannot do. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Land Economics/Use. |
| Ano: 2006 |
URL: http://purl.umn.edu/21242 |
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| Registros recuperados: 31 | |
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