A Spatial Analysis of the Role of Residential Real Estate Investment in the Economic Development of the Northeast Region of the United States

Praveena Jayaraman, Donald J. Lacombe and Tesfa Gebremedhin

No 150953, 2013 Annual Meeting, August 4-6, 2013, Washington, D.C. from Agricultural and Applied Economics Association

Abstract: Spatial dependence is an important factor in regional economic growth analysis, especially in terms of population, employment, and per capita income. This paper employs spatial econometric techniques and U.S. Census Bureau county-level data for the period of 1980-2010 to identify and estimate the impacts of residential real estate investment on the economic development of the Northeast region. A spatial panel method is used to analyze the spillover effect of county level economic development on neighboring counties

Keywords: Community/Rural/Urban Development; Public Economics; Research Methods/ Statistical Methods (search for similar items in EconPapers)
Pages: 27
Date: 2013
New Economics Papers: this item is included in nep-geo and nep-ure
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea13:150953

DOI: 10.22004/ag.econ.150953

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