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A Hedonic Index Model: The Housing Market of Jos, Nigeria

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  • Isaac F. Megbolugbe

    (National Association of Home Builders, Washington, D.C. 20005)

Abstract

This paper demonstrates the usefulness of the hedonic index approach to the study of housing markets in developing countries. The study broadens the geographical scope of the various economic studies of these markets. The current practice of extrapolating empirical findings from studies of housing markets in Latin America and Asia to the less studied markets of African cities is improved on by incorporating direct evidence on housing market conditions from African case studies. This paper uses data from Jos, Nigeria to provide empirical evidence on market parameters describing the hedonic relationships for housing. For the Jos sample, variables measuring the quality of housing structure and of public services in various neighbourhoods are the local hedonic structure descriptors. Some uses of housing hedonic index numbers for housing market policy analysis are presented.

Suggested Citation

  • Isaac F. Megbolugbe, 1989. "A Hedonic Index Model: The Housing Market of Jos, Nigeria," Urban Studies, Urban Studies Journal Limited, vol. 26(5), pages 486-494, October.
  • Handle: RePEc:sae:urbstu:v:26:y:1989:i:5:p:486-494
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    References listed on IDEAS

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    1. Ronald L. Moomaw, 1981. "Productivity and City Size: A Critique of the Evidence," The Quarterly Journal of Economics, Oxford University Press, vol. 96(4), pages 675-688.
    2. John S. Chipman, 1970. "External Economies of Scale and Competitive Equilibrium," The Quarterly Journal of Economics, Oxford University Press, vol. 84(3), pages 347-385.
    3. Stanley M. Besen, 1968. "Education and Productivity in U.S. Manufacturing: Some Cross-Section Evidence," Journal of Political Economy, University of Chicago Press, vol. 76, pages 494-494.
    4. Henderson, J. V., 1982. "The impact of government policies on urban concentration," Journal of Urban Economics, Elsevier, vol. 12(3), pages 280-303, November.
    5. Henderson, J Vernon, 1983. "Industrial Bases and City Sizes," American Economic Review, American Economic Association, vol. 73(2), pages 164-168, May.
    6. Segal, David, 1976. "Are There Returns to Scale in City Size?," The Review of Economics and Statistics, MIT Press, vol. 58(3), pages 339-350, August.
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    Cited by:

    1. Yusuf, Arief Anshory & Resosudarmo, Budy P., 2009. "Does clean air matter in developing countries' megacities? A hedonic price analysis of the Jakarta housing market, Indonesia," Ecological Economics, Elsevier, vol. 68(5), pages 1398-1407, March.
    2. Johanna CHOUMERT & Jesper STAGE & Claudine UWERA, 2014. "Access to water as a determinant of rental values: A hedonic analysis in Rwanda," Working Papers 201401, CERDI.
    3. Macedo, Paulo Brígido Rocha, 1998. "Heldonic Price Modelswith Spatial Effects: Aan Application to the Housing Market of Belo Horizonte , Brazil," Revista Brasileira de Economia - RBE, FGV/EPGE - Escola Brasileira de Economia e Finanças, Getulio Vargas Foundation (Brazil), vol. 52(1), January.
    4. Eric Nazindigouba KERE & Johanna CHOUMERT & Amandine Loyal LARÉ-DONDARINI, 2014. "The impact of water and sanitation access on housing values: The case of Dapaong, Togo," Working Papers 201403, CERDI.

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