Measuring the diffusion of housing prices across space and over time: Replication and further evidence
Release time:2018-05-01 Hits:
Indexed by:Journal paper
First Author:沈淑琳
Journal:Journal of Applied Econometrics
Included Journals:SSCI
Discipline:Economics
First-Level Discipline:Applied Economics
Document Type:J
Issue:33
Page Number:479-484
ISSN No.:0883-7252
Key Words:Housing diffusion, SAR
DOI number:10.1002/jae.2607
Date of Publication:2018-05-01
Impact Factor:2.46
Abstract:Brady (Journal of Applied Econometrics, 2011, 26(2), 213–231) studies how fast and how long a change in housing prices in one region affects its neighbors by estimating the impulse response functions using a spatial autoregressive model (SAR). This paper replicates Brady's empirical results, but reports different SAR test statistics. Additional robustness checks are conducted by analyzing three different housing price indexes covering a more extensive period. Analysis shows that the model specifications and model estimates vary with the housing price indexes.
Links to published journals:https://doi.org/10.1002/jae.2607