IDEAS home Printed from https://ideas.repec.org/
MyIDEAS: Login to save this article or follow this journal

Spatial Transferability of Hedonic House Price Functions

  • David Philip McArthur
  • Liv Osland
  • Inge Thorsen
Registered author(s):

    McArthur D. P., Osland L. and Thorsen I. Spatial transferability of hedonic house price functions, Regional Studies . The aim of this paper is to investigate whether it is possible to use parameter estimates from a hedonic function estimated in one region to make reliable predictions in another region. Two regions in south-west Norway are taken as the example. Focus is placed on the stability and transferability of parameters attached to two measures of spatial structure: proximity to the central business district (CBD) and accessibility to the labour market. In making this judgement, classical statistical tests are employed alongside equivalence testing. The conclusions are that predictions made using transferred spatial structure parameters were equivalent given the chosen tolerance level. McArthur D. P., Osland L. et Thorsen I. La transférabilité géographique des fonctions hédoniques des prix du logement, Regional Studies . Cet article cherche à examiner si, oui ou non, on peut employer des estimations paramétriques à partir d'une fonction hédonique estimée dans une région particulière afin de prévoir exactement dans d'autres régions. Deux régions situées dans le sud-ouest de la Norvège servent d'études de cas. On met l'accent sur la stabilité et la transférabilité des paramètres attachés à deux mesures de la structure géographique: la proximité de la zone commerciale centrale (Central Business District; CBD) et l'accessibilité du marché du travail. En prononcant ce jugement, on emploie des tests statistiques classiques conjointement avec des tests d'équivalence. On conclut que les prévisions faites à partir des paramètres transférés de la structure géographique étaient équivalentes étant donné le niveau de tolérance choisi. Modèles hédoniques Transférabilité géographique Tests d'équivalence Stabilité paramétrique McArthur D. P., Osland L. und Thorsen I. Räumliche Übertragbarkeit von hedonischen Hauspreisfunktionen, Regional Studies . In diesem Beitrag wird untersucht, ob sich Parameter-Schätzungen einer hedonischen Funktion, die in einer Region vorgenommen wurden, für zuverlässige Prognosen in einer anderen Region nutzen lassen. Als Beispiel dienen zwei Regionen im Südwesten Norwegens. Der Schwerpunkt liegt auf der Stabilität und Übertragbarkeit der Parameter für die beiden Maßstäbe der Raumstruktur: die Nähe zum zentralen Geschäftsdistrikt und die Zugänglichkeit des Arbeitsmarkts. Für dieses Urteil kommen klassische statistische Tests gemeinsam mit Äquivalenztests zum Einsatz. Wir kommen zum Schluss, dass Prognosen, die mit Hilfe von übertragenen Parametern der Raumstruktur vorgenommen wurden, innerhalb des gewählten Toleranzbereichs äquivalent ausfielen. Hedonische Modelle Räumliche Übertragbarkeit Äquivalenztest Stabilität von Parametern McArthur D. P., Osland L. y Thorsen I. Transferibilidad espacial de las funciones de precios hedónicos de la vivienda, Regional Studies . El objetivo de este artículo es investigar si es posible utilizar estimaciones de parámetros de una función hedónica calculada en una región para hacer predicciones fiables en otra región. Se toman como ejemplos dos regiones del suroeste de Noruega. Nos fijamos en la estabilidad y transferibilidad de los parámetros para dos medidas de la estructura espacial: la proximidad al distrito comercial central y la accesibilidad al mercado laboral. Para hacer esta evaluación empleamos pruebas estadísticas clásicas junto con un test de equivalencia. Llegamos a la conclusión de que las predicciones realizadas usando parámetros transferidos de la estructura espacial eran equivalentes teniendo en cuenta el nivel de tolerancia elegido. Modelos hedónicos Transferibilidad espacial Prueba de equivalencia Estabilidad de parámetros

    If 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.

    File URL: http://hdl.handle.net/10.1080/00343404.2010.521147
    Download Restriction: Access to full text is restricted to subscribers.

    As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.

    Article provided by Taylor & Francis Journals in its journal Regional Studies.

    Volume (Year): 46 (2012)
    Issue (Month): 5 (August)
    Pages: 597-610

    as
    in new window

    Handle: RePEc:taf:regstd:v:46:y:2012:i:5:p:597-610
    Contact details of provider: Web page: http://www.tandfonline.com/CRES20

    Order Information: Web: http://www.tandfonline.com/pricing/journal/CRES20

    No references listed on IDEAS
    You can help add them by filling out this form.

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    When requesting a correction, please mention this item's handle: RePEc:taf:regstd:v:46:y:2012:i:5:p:597-610. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Michael McNulty)

    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.

    This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.