A Spatial Hedonic Model with Time-Varying Parameters: A New Method Using Flexible Least Squares

Todd Henry Kuethe (), Kenneth Alan Foster and Raymond J.G.M. Florax ()

No 6306, 2008 Annual Meeting, July 27-29, 2008, Orlando, Florida from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: The following paper outlines a new econometric model designed to capture both the temporal and spatial dynamics of housing prices. The paper combines existing spatial econometric techniques with a model that allows parameters to evolve over time. In addition, we provide an empirical application to the price effects of confined animal feeding operations to a data set of residential real estate in Tippecanoe County, Indiana from 1993 through 2006.

Keywords: Demand and Price Analysis; Land Economics/Use; Livestock Production/Industries; Research Methods/ Statistical Methods (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-ecm, nep-geo and nep-ure
Date: 2008
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