This study uses a hedonic property price function to estimate the effects of flood hazards on residential property values. The study utilizes data from over 8,000 single-family residential home sales in Pitt County, North Carolina between 1992 and 2002. This area experienced significant flooding from Hurricane Floyd in September 1999. Results show that a house located within a floodplain has a ...

The inclusion of spatial correlation of house price in hedonic pricing model may produce better marginal implicit price estimate(s) of the environmental variable(s) of interest. Most applications where a spatial econometric model is applied to the estimation of a hedonic property value model have used either a spatial lag model or a spatial autoregressive (SAR) error model. Incorrect spatial sp...

In recent years, the United States, like many other industrialized nations, has experienced wide swings in the growth rate of housing prices. Understanding these price changes is important for a number of reasons. Housing serves as a major source of individual wealth. Hence, changes in its value may influence consumer spending and saving decisions, in turn, affecting overall economic activity. ...

This paper is a good example of how solid research can support the policy decision process. Based on housing and land transaction data, the authors use the hedonic approach to calculate constant quality housing price and land price indices in 35 Chinese cities. This new and unique dataset on residential land transactions at the city level is by itself an important contribution, and the statisti...

E lectricity has particular importance in the national economy and providing socio-economic welfare. It is considered an essential infrastructure of the countries development. This is why the management of electricity consumption and the formulation of proper policies for it is very important for policy-makers. To do this successfully, it is necessary to identify energy consumption p...

The notion of a ripple effect in the housing market implies stationarity in regional:national house price ratios. The central aim of this study is to investigate whether the ripple effect exists in Taiwan’s regional house price ratio by implementing the Breuer et al. (2001) Panel SURADF unit root tests, which can improve upon the less efficient estimations of conventional unit root tests. The P...

Generally, more than 60 percent of land in cities and around 40 percent in small towns are utilized as housing areas. The present research aims to investigate the price of urban housing lands in Iran during the years 2001-2011 in different provinces. The method of research used in this paper is descriptive/ analytical method. After gathering the data in this regard via the Central Bank of Iran,...

Despite a centralized political system, nation-wide legal reforms, and similar high housing demand pressures, property rights have evolved differently in Vietnam’s two leading cities Hanoi and Ho Chi Minh City during the transition period. Using ethnographic fieldwork and a hedonic price model, the study shows that the two land and housing markets price tenure ambiguity differently. The differe...