Assessing Regional Quality of Life: A Call for Action in Regional Science

Dan Rickman

No 1411, Economics Working Paper Series from Oklahoma State University, Department of Economics and Legal Studies in Business

Abstract: Intellectual appeal and simplicity of use has led to the widespread application of the spatial hedonic model in assessing regional quality of life. Yet, the traditional spatial hedonic approach contains numerous assumptions, which typically are untested. Violation of the assumptions in practice can lead to significantly biased estimates of regional quality of life. More sophisticated econometric approaches have been developed to reduce the biases. However, each approach typically only addresses one or two of the concerns. More promising, is the use of structural models, which by design have the potential to overcome all the limitations of the spatial hedonic approach.

Keywords: Hedonic estimation; Spatial equilibrium; Quality of life; Urban economics; Economic geography (search for similar items in EconPapers)
JEL-codes: Q5 R23 R31 (search for similar items in EconPapers)
Pages: 21 pages
Date: 2014-08
New Economics Papers: this item is included in nep-geo and nep-ure
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (8)

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Journal Article: Assessing Regional Quality of Life: A Call for Action in Regional Science (2014)
Working Paper: Assessing Regional Quality of Life: A Call for Action in Regional Science (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:okl:wpaper:1411

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