Shulin Shen   Associate professor

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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