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

Dan Rickman

MPRA Paper from University Library of Munich, Germany

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 (search for similar items in EconPapers)
JEL-codes: Q51 R23 R31 (search for similar items in EconPapers)
Date: 2014-08-24
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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Related works:
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:pra:mprapa:58109

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