Konferenzbeitrag

Neighborhood weight matrix in a spatial-quantile real estate modeling environment: Evidence from Brazil

This paper analysis two central influences on real estate urban market: (a) neighborhood as cognitively-perceived identity units, and (b) heterogeneity of preferences of households. In doing so, two methodological changes are applied. Firstly, a neighborhood spatial matrix is proposed and compared to regularly used matrices and, secondly, a spatial-quantile regression is tested. The results highlight the fact that spatial influence brought to regression models through weight matrix should be carefully used, and that the matrix's choice might carry unobserved and unwanted effects into the estimation. Results also demonstrated that using information of neighborhood identity can optimize the understanding of city's complex influence on real estate markets. Finally, the quantile estimation should always be tested against in real estate estimation, as preferences of households seem to differ significantly for different levels of prices.

Sprache
Englisch

Erschienen in
Series: 50th Congress of the European Regional Science Association: "Sustainable Regional Growth and Development in the Creative Knowledge Economy", 19-23 August 2010, Jönköping, Sweden

Klassifikation
Wirtschaft
Urban, Rural, Regional, Real Estate, and Transportation Economics: Household Analysis: General
Single Equation Models; Single Variables: Cross-Sectional Models; Spatial Models; Treatment Effect Models; Quantile Regressions
Thema
neighborhood
weight matrices
real estate market
spatial-quantile regression

Ereignis
Geistige Schöpfung
(wer)
Furtado, Bernardo
Van Oort, Frank
Ereignis
Veröffentlichung
(wer)
European Regional Science Association (ERSA)
(wo)
Louvain-la-Neuve
(wann)
2010

Handle
Letzte Aktualisierung
10.03.2025, 11:42 MEZ

Datenpartner

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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Konferenzbeitrag

Beteiligte

  • Furtado, Bernardo
  • Van Oort, Frank
  • European Regional Science Association (ERSA)

Entstanden

  • 2010

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