IDEAS home Printed from https://ideas.repec.org/p/hhs/bergec/2007_015.html
   My bibliography  Save this paper

Testing for the impact of local spatial structure characteristics on house prices

Author

Listed:

Abstract

The starting point of this paper is a hedonic regression model where house prices are explained as a result of urban attraction and the accessibility to job opportunities in the region. We introduce the hypothesis that households in addition value accessibility to job opportunities in the neighborhood, and study if and how this is reflected in house prices. We propose several measures of local labor market characteristics, and test for the impact on house prices. The alternative measures do not add considerably to the explanatory power. Still, some characteristics contribute significantly, and affect the strength and interpretation of the relationship between local labor market conditions and house prices.

Suggested Citation

  • Osland, Liv & Thorsen, Inge, 2007. "Testing for the impact of local spatial structure characteristics on house prices," Working Papers in Economics 15/07, University of Bergen, Department of Economics.
    • Handle: RePEc:hhs:bergec:2007_015
    as

    Download full text from publisher

    File URL: http://ekstern.filer.uib.no/svf/2007/No.%2015-07.pdf
    File Function: Full text
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Osland, Liv & Thorsen, Inge & Gitlesen, Jens Petter, 2005. "Housing price gradients in a geography with one dominating center," Working Papers in Economics 06/05, University of Bergen, Department of Economics.
    2. Alex Anas & Richard Arnott & Kenneth A. Small, 1998. "Urban Spatial Structure," Journal of Economic Literature, American Economic Association, vol. 36(3), pages 1426-1464, September.
    3. Giuliano, Genevieve & Small, Kenneth A., 1991. "Subcenters in the Los Angeles region," Regional Science and Urban Economics, Elsevier, vol. 21(2), pages 163-182, July.
    4. Waddell, Paul & Berry, Brian J L & Hoch, Irving, 1993. "Residential Property Values in a Multinodal Urban Area: New Evidence on the Implicit Price of Location," The Journal of Real Estate Finance and Economics, Springer, vol. 7(2), pages 117-141, September.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Osland, Liv & Thorsen, Inge, 2005. "Effects on housing prices of urban attraction and labor market accessibility," Working Papers in Economics 17/05, University of Bergen, Department of Economics.
    2. Liv Osland & Inge Thorsen, 2006. "Testing for the Impact of Local Labour Market Characteristics on House Prices," ERSA conference papers ersa06p490, European Regional Science Association.
    3. Liv Osland & Inge Thorsen, 2013. "Spatial Impacts, Local Labour Market Characteristics and Housing Prices," Urban Studies, Urban Studies Journal Limited, vol. 50(10), pages 2063-2083, August.
    4. Juan Zhu & Xinyi Niu & Cheng Shi, 2019. "The Influencing Factors of a Polycentric Employment System on Jobs-Housing Matching—A Case Study of Hangzhou, China," Sustainability, MDPI, vol. 11(20), pages 1-18, October.
    5. McMillen, Daniel P. & Smith, Stefani C., 2003. "The number of subcenters in large urban areas," Journal of Urban Economics, Elsevier, vol. 53(3), pages 321-338, May.
    6. McMillen, Daniel P., 2001. "Nonparametric Employment Subcenter Identification," Journal of Urban Economics, Elsevier, vol. 50(3), pages 448-473, November.
    7. Hans R.A. Koster & Jan Rouwendal, 2012. "The Impact Of Mixed Land Use On Residential Property Values," Journal of Regional Science, Wiley Blackwell, vol. 52(5), pages 733-761, December.
    8. Pierre Dessemontet & Vincent Kaufmann & Christophe Jemelin, 2010. "Switzerland as a Single Metropolitan Area? A Study of its Commuting Network," Urban Studies, Urban Studies Journal Limited, vol. 47(13), pages 2785-2802, November.
    9. Vicente Romero de à vila Serrano, 2019. "The Intrametropolitan Geography of Knowledge-Intensive Business Services (KIBS): A Comparative Analysis of Six European and U.S. City-Regions," Economic Development Quarterly, , vol. 33(4), pages 279-295, November.
    10. Edward L. Glaeser & Matthew E. Kahn, 2001. "Decentralized Employment and the Transformation of the American City," Harvard Institute of Economic Research Working Papers 1912, Harvard - Institute of Economic Research.
    11. Modarres, Ali, 2003. "Polycentricity and transit service," Transportation Research Part A: Policy and Practice, Elsevier, vol. 37(10), pages 841-864, December.
    12. Josep Roca Cladera & Carlos R. Marmolejo Duarte & Montserrat Moix, 2009. "Urban Structure and Polycentrism: Towards a Redefinition of the Sub-centre Concept," Urban Studies, Urban Studies Journal Limited, vol. 46(13), pages 2841-2868, December.
    13. Jaume Masip Tresserra, 2012. "Identifying the Employment and Population Centers at regional and metropolitan scale: The Case of Catalonia and Barcelona," ERSA conference papers ersa12p70, European Regional Science Association.
    14. Lee, Sungwon & Lee, Bumsoo, 2014. "The influence of urban form on GHG emissions in the U.S. household sector," Energy Policy, Elsevier, vol. 68(C), pages 534-549.
    15. Rafael Henrique Moraes Pereira & Vanessa Nadalin & Leonardo Monasterio & Pedro Henrique Melo Albuquerque, 2012. "Quantifying Urban Centrality: A Simple Index Proposal And International Comparison," Discussion Papers 1675, Instituto de Pesquisa Econômica Aplicada - IPEA.
    16. Cavailhes, Jean & Gaigne, Carl & Tabuchi, Takatoshi & Thisse, Jacques-Francois, 2007. "Trade and the structure of cities," Journal of Urban Economics, Elsevier, vol. 62(3), pages 383-404, November.
    17. Peng Ji & Lilin Yuan, 2023. "Whether polycentric spatial structure is conducive to regional coordinated development: A study on urban agglomerations in China," Growth and Change, Wiley Blackwell, vol. 54(4), pages 940-961, December.
    18. Alegria, Tito, 2016. "Polycentric versus hierarchical tertiary centres: comparing San Diego and Tijuana," MPRA Paper 98145, University Library of Munich, Germany.
    19. Glaeser, Edward L. & Kahn, Matthew E., 2004. "Sprawl and urban growth," Handbook of Regional and Urban Economics, in: J. V. Henderson & J. F. Thisse (ed.), Handbook of Regional and Urban Economics, edition 1, volume 4, chapter 56, pages 2481-2527, Elsevier.
    20. Nappi-Choulet, Ingrid & Décamps, Aurélien, 2011. "Is Sustainability Attractive for Corporate Real Estate Decisions ?," ESSEC Working Papers WP1106, ESSEC Research Center, ESSEC Business School.

    More about this item

    Keywords

    Housing Demand; Housing Supply and Markets;

    JEL classification:

    • R21 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Housing Demand
    • R31 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Housing Supply and Markets

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:hhs:bergec:2007_015. See general information about how to correct material in RePEc.

    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 CitEc recognized a bibliographic reference but did not link an item in RePEc 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Kjell Erik Lommerud (email available below). General contact details of provider: https://edirc.repec.org/data/iouibno.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.