MULTILEVEL AND SPILLOVER EFFECTS ESTIMATED FOR SPATIAL PANEL DATA, WITH APPLICATION TO ENGLISH HOUSE PRICES

Badi Baltagi, Bernard Fingleton () and Alain Pirotte
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Alain Pirotte: CRED-TEPP (CNRS), University of Panthéon-Assas Paris II

Region et Developpement, 2014, vol. 40, 25-36

Abstract: This paper estimates a nested random effects spatial autoregressive panel data model to explain annual house price variation for 2000-2007 across 353 local authority districts in England. The paper applies a newly-proposed estimator based on the instrumental variable approach for the cross-sectional spatial autoregressive model.

Keywords: HOUSE PRICES; PANEL DATA; SPATIAL LAG; NESTED RANDOM EFFECTS; INSTRUMENTAL VARIABLES; SPATIAL DEPENDENCE (search for similar items in EconPapers)
JEL-codes: C33 (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:tou:journl:v:40:y:2014:p:25-36

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