Spatial Impacts, Local Labour Market Characteristics and Housing Prices

Liv Osland and Inge Thorsen

Urban Studies, 2013, vol. 50, issue 10, 2063-2083

Abstract: This paper takes as a starting-point a model where spatial variation in housing prices is explained by urban attraction and labour market accessibility effects. Using data from a region in south-west Norway, estimation results are found to be encumbered, however, with significant spatial effects. The spatial Durbin model is used to account for this and to provide estimates of direct and indirect impacts. In addition, hypotheses are tested that some of the spatial variation in housing prices reflects local labour market characteristics. Some support is found for a hypothesis that a model specification should account for sub-centres located at some distance from the central parts of the region. The indirect impacts estimated in the spatial Durbin model suggest that spatially related misspecifications of implicit elasticities in the ordinary least squares model are mainly due to negative externalities close to areas of high labour market accessibility.

Date: 2013
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
https://journals.sagepub.com/doi/10.1177/0042098012474699 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:sae:urbstu:v:50:y:2013:i:10:p:2063-2083

DOI: 10.1177/0042098012474699

Access Statistics for this article

More articles in Urban Studies from Urban Studies Journal Limited
Bibliographic data for series maintained by SAGE Publications ().