A Spatial Analysis of the Role of Residential Real Estate Investment in the Economic Development of the Northeast Region of the United States
AbstractSpatial dependence is an important factor in regional economic growth analysis, especially in terms of population, employment, and per capita income. This paper employs spatial econometric techniques and U.S. Census Bureau county-level data for the period of 1980-2010 to identify and estimate the impacts of residential real estate investment on the economic development of the Northeast region. A spatial panel method is used to analyze the spillover effect of county level economic development on neighboring counties
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by Agricultural and Applied Economics Association in its series 2013 Annual Meeting, August 4-6, 2013, Washington, D.C. with number 150953.
Date of creation: 2013
Date of revision:
Contact details of provider:
Postal: 555 East Wells Street, Suite 1100, Milwaukee, Wisconsin 53202
Phone: (414) 918-3190
Fax: (414) 276-3349
Web page: http://www.aaea.org
More information through EDIRC
Residential Real Estate Investments; Spatial Econometrics; Spatial Panel; Community/Rural/Urban Development; Public Economics; Research Methods/ Statistical Methods;
This paper has been announced in the following NEP Reports:
- NEP-ALL-2013-07-05 (All new papers)
- NEP-GEO-2013-07-05 (Economic Geography)
- NEP-URE-2013-07-05 (Urban & Real Estate Economics)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Zabel, Jeffrey E., 2012. "Migration, housing market, and labor market responses to employment shocks," Journal of Urban Economics, Elsevier, vol. 72(2), pages 267-284.
- John I. Carruthers & Gordon F. Mulligan, 2008. "A locational analysis of growth and change in American metropolitan areas," Papers in Regional Science, Wiley Blackwell, vol. 87(2), pages 155-171, 06.
- Charles Ka Yui Leung, 2004.
"Macroeconomics and Housing: A Review of the Literature,"
00004, Chinese University of Hong Kong, Department of Economics.
- Leung, Charles, 2004. "Macroeconomics and housing: a review of the literature," Journal of Housing Economics, Elsevier, vol. 13(4), pages 249-267, December.
- Charles Ka-Yui Leung, 2004. "Macroeconomics and Housing: A Review of the Literature," Departmental Working Papers _164, Chinese University of Hong Kong, Department of Economics.
- Gebremariam, Gebremeskel H. & Gebremedhin, Tesfa G. & Schaeffer, Peter V. & Phipps, Tim T. & Jackson, Randall W., 2007. "A Spatial Panel Simultaneous-Equations Model of Business Growth, Migration Behavior, Local Public Services and Household Income in Appalachia," 2007 Annual Meeting, July 29-August 1, 2007, Portland, Oregon TN 9895, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
- Saks, Raven E., 2008. "Job creation and housing construction: Constraints on metropolitan area employment growth," Journal of Urban Economics, Elsevier, vol. 64(1), pages 178-195, July.
- John M. Quigley, 1999.
"Real Estate Prices and Economic Cycles,"
International Real Estate Review,
Asian Real Estate Society, vol. 2(1), pages 1-20.
- Quigley, John M., 2002. "Real Estate Prices and Economic Cycles," Berkeley Program on Housing and Urban Policy, Working Paper Series qt58c6v2kx, Berkeley Program on Housing and Urban Policy.
- Bischoff, Oliver, 2012.
"Explaining regional variation in equilibrium real estate prices and income,"
Journal of Housing Economics,
Elsevier, vol. 21(1), pages 1-15.
- Oliver Bischoff, 2010. "Explaining Regional Variation in Equilibrium Real Estate Prices and Income," Working Papers 036, Chair for Economic Policy, University of Hamburg.
- BAUMONT, Catherine, 2007. "Neighborhood Effects, Urban Public Policies and Housing Values. A Spatial Econometric Perspective," LEG - Document de travail - Economie 2007-09, LEG, Laboratoire d'Economie et de Gestion, CNRS, Université de Bourgogne.
- Malpezzi, Stephen, 1999.
"A Simple Error Correction Model of House Prices,"
Journal of Housing Economics,
Elsevier, vol. 8(1), pages 27-62, March.
- Thomas Hyclak & Geraint Johnes, 1999. "original: House prices and regional labor markets," The Annals of Regional Science, Springer, vol. 33(1), pages 33-49.
- Charlene M. Kalenkoski & Donald J. Lacombe, 2013.
"Minimum wages and teen employment: A spatial panel approach,"
Papers in Regional Science,
Wiley Blackwell, vol. 92(2), pages 407-417, 06.
- Kalenkoski, Charlene M. & Lacombe, Donald J., 2011. "Minimum Wages and Teen Employment: A Spatial Panel Approach," IZA Discussion Papers 5933, Institute for the Study of Labor (IZA).
- Mayer, Christopher J. & Somerville, C. Tsuriel, 2000. "Residential Construction: Using the Urban Growth Model to Estimate Housing Supply," Journal of Urban Economics, Elsevier, vol. 48(1), pages 85-109, July.
- Turner, Tracy M. & Luea, Heather, 2009. "Homeownership, wealth accumulation and income status," Journal of Housing Economics, Elsevier, vol. 18(2), pages 104-114, June.
- David E. Frame, 2008. "Regional Migration and House Price Appreciation," International Real Estate Review, Asian Real Estate Society, vol. 11(1), pages 96-112.
- Yi Wen, 2001. "Residential Investment and Economic Growth," Annals of Economics and Finance, Society for AEF, vol. 2(2), pages 437-444, November.
- Dennis R. Capozza & Patric H. Hendershott & Charlotte Mack & Christopher J. Mayer, 2002. "Determinants of Real House Price Dynamics," NBER Working Papers 9262, National Bureau of Economic Research, Inc.
- Joshua Gallin, 2006. "The Long-Run Relationship between House Prices and Income: Evidence from Local Housing Markets," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 34(3), pages 417-438, 09.
- Jian Zhou, 2010. "Testing for Cointegration between House Prices and Economic Fundamentals," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 38(4), pages 599-632, Winter.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (AgEcon Search).
If references are entirely missing, you can add them using this form.