A Spatial Hedonic Model with Time-Varying Parameters: A New Method Using Flexible Least Squares
Resource information
Date of publication
December 2008
Resource Language
ISBN / Resource ID
AGRIS:US2016208650
The following paper outlines a new econometric model designed to capture both the temporal and spatial dynamics of housing prices. The paper combines existing spatial econometric techniques with a model that allows parameters to evolve over time. In addition, we provide an empirical application to the price effects of confined animal feeding operations to a data set of residential real estate in Tippecanoe County, Indiana from 1993 through 2006.
