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A Spatial Analysis of the Role of Residential Real Estate Investment in the Economic Development of the Northeast Region of the United States

  • Jayaraman, Praveena
  • Lacombe, Donald
  • Gebremedhin, Tesfa
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    Spatial 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

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    File URL: http://purl.umn.edu/150953
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    Paper provided by Agricultural and Applied Economics Association in its series 2013 Annual Meeting, August 4-6, 2013, Washington, D.C. with number 150953.

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    Date of creation: 2013
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    Handle: RePEc:ags:aaea13:150953
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    1. Stephen Malpezzi, 1998. "A Simple Error Correction Model of House Prices," Wisconsin-Madison CULER working papers 98-11, University of Wisconsin Center for Urban Land Economic Research.
    2. Charlene Kalenkoski & Donald Lacombe, 2011. "Minimum Wages and Teen Employment: A Spatial Panel Approach," Working Papers Working Paper 2011-08, Regional Research Institute, West Virginia University.
    3. 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.
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    6. 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).
    7. Turner, Tracy M. & Luea, Heather, 2009. "Homeownership, wealth accumulation and income status," Journal of Housing Economics, Elsevier, vol. 18(2), pages 104-114, June.
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    9. 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.
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    19. 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.
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