Measuring the diffusion of housing prices across space and over time

Ryan R. Brady

92 citations0/0 files storedJournal of Applied Econometrics

No readable copy stored yet — this record is metadata only.

No open-access location is known for this record yet.

Literature note Cite in a project Citation map

Housing Market and Economics Regional Economics and Spatial Analysis Spatial and Panel Data Analysis

Abstract

How fast and how long (and to what magnitude) does a change in housing prices in one region affect its neighbors? In this paper, I apply a time series technique for measuring impulse response functions from local projections to a spatial autoregressive model of housing prices. For a dynamic panel of California counties, the data reveal that the diffusion of regional housing prices across space lasts up to two and half years. This result, and the econometric techniques employed, should be of interest not only to housing and regional economists, but to a variety of applied econometricians as well. Copyright © 2009 John Wiley & Sons, Ltd.

Paper brief

Loading…

Cite this work

Citation unavailable for this work.

BibTeX RIS CSL-JSON

No public copy is stored for this record, so only the metadata is cited.

Citations in this library

Citation map →

Stored only when both papers are in the corpus — 92 citations exist upstream.

References

1991Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations 1995Another look at the instrumental variable estimation of error-components models 1988Spatial Econometrics: Methods and Models 2003Analysis of Panel Data 2005Estimation and Inference of Impulse Responses by Local Projections 2005House Prices, Borrowing Constraints, and Monetary Policy in the Business Cycle 2003Panel Data Econometrics 1999A Generalized Moments Estimator for the Autoregressive Parameter in a Spatial Model

Cited by

2014The spatial diffusion of regional housing prices across U.S. states 2012Explaining the spatial variation in housing prices: an economic geography approach 2015Daily House Price Indices: Construction, Modeling, and Longer‐run Predictions 2016Aging and urban house prices 2014Modelling regional labour market dynamics in space and time 2017A dynamic spatial econometric diffusion model with common factors: The rise and spread of cigarette consumption in Italy

Explore the map →

Papers that cite the same references — the relational fallback while embeddings are still backfilling.

Imported from OpenAlex (CC0) — nothing here is generated.