Geographic Heterogeneity in Housing. Evidence from Spain
AbstractThis article offers an empirical analysis of geographical differences in the characteristics of housing in the different provinces of Spain. The study employs multiple correspondence analysis to derive a housing index, in line with Arévalo (1999). While Arévalo used only structural variables, this research also includes proxy variables for access to services derived from the location of the living unit. A readily interpretable index is thus created, which measures the level of internal and external services that a living unit (house or apartment) provides for its occupiers. The results confirm that characteristics derived from location are complementary to structural characteristics of the living unit itself (housing services). Moreover, with the addition of location variables, the new housing index shows: (i) increased correlation with observed rental and house prices, and (ii) a more realistic view of geographical differences in the level of services of Spanish housing. The study contributes new housing indicators that are easily applicable, for example, in studies on household quality of life, social exclusion, and poverty.
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 FEDEA in its series Studies on the Spanish Economy with number 203.
Date of creation:
Date of revision:
Contact details of provider:
Web page: http://www.fedea.net
This paper has been announced in the following NEP Reports:
- NEP-ALL-2005-07-11 (All new papers)
- NEP-GEO-2005-07-11 (Economic Geography)
- NEP-URE-2005-07-11 (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.:
- W. E. Diewert & Mick Silver & Saeed Heravi, 2007.
"Hedonic Imputation versus Time Dummy Hedonic Indexes,"
IMF Working Papers
07/234, International Monetary Fund.
- W. Erwin Diewert & Saeed Heravi & Mick Silver, 2009. "Hedonic Imputation versus Time Dummy Hedonic Indexes," NBER Chapters, in: Price Index Concepts and Measurement, pages 161-196 National Bureau of Economic Research, Inc.
- Erwin Diewert & Saeed Heravi & Mick Silver, 2008. "Hedonic Imputation versus Time Dummy Hedonic Indexes," NBER Working Papers 14018, National Bureau of Economic Research, Inc.
- Michael Greenacre, 2008. "Correspondence analysis of raw data," Economics Working Papers 1112, Department of Economics and Business, Universitat Pompeu Fabra, revised Jul 2009.
- Raquel Arévalo & Javier Ruiz-Castillo, 2004. "The Rental Equivalence Approach To Nonrental Housing In The Consumer Price Index. Evidence From Spain," Economics Working Papers we041704, Universidad Carlos III, Departamento de Economía.
- Edward Shinnick, 1997. "Measuring Irish housing quality," Journal of Economic Studies, Emerald Group Publishing, vol. 24(1/2), pages 95-119, January.
- Michel Tenenhaus & Forrest Young, 1985. "An analysis and synthesis of multiple correspondence analysis, optimal scaling, dual scaling, homogeneity analysis and other methods for quantifying categorical multivariate data," Psychometrika, Springer, vol. 50(1), pages 91-119, March.
- Hubert, Franz, 1995. "Contracting with costly tenants," Regional Science and Urban Economics, Elsevier, vol. 25(5), pages 631-654, October.
- Saeed Heravi & Mick Silver, 2006.
"The Difference Between Hedonic Imputation Indexes and Time Dummy Hedonic Indexes,"
IMF Working Papers
06/181, International Monetary Fund.
- Silver, Mick & Heravi, Saeed, 2007. "The Difference Between Hedonic Imputation Indexes and Time Dummy Hedonic Indexes," Journal of Business & Economic Statistics, American Statistical Association, vol. 25, pages 239-246, April.
- Raquel Arévalo-Tomé, 1999. "Construcción de un índice de calidad de la vivienda," Investigaciones Economicas, Fundación SEPI, vol. 23(2), pages 267-280, May.
- W. Erwin Diewert, 2003. "Hedonic Regressions. A Consumer Theory Approach," NBER Chapters, in: Scanner Data and Price Indexes, pages 317-348 National Bureau of Economic Research, Inc.
- Rosen, Sherwin, 1974. "Hedonic Prices and Implicit Markets: Product Differentiation in Pure Competition," Journal of Political Economy, University of Chicago Press, vol. 82(1), pages 34-55, Jan.-Feb..
- Marvin L. Wolverton & Jimmy Senteza, 2000. "Hedonic Estimates of Regional Constant Quality House Prices," Journal of Real Estate Research, American Real Estate Society, vol. 19(3), pages 235-253.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Carmen Arias).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.