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Two Dimensions of the Spatial Distribution of Housing: Dependency and Heterogeneity across Tennessee’s Six Metropolitan Statistical Areas

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  • Cho, Seong-Hoon
  • Clark, Christopher D.
  • Park, William M.

Abstract

A two-stage multinomial logit selection model is used to model the relationship between demographic characteristics and housing density across Tennessee’s six metropolitan statistical areas. The study finds that there is both spatial correlation and heterogeneity in the most densely populated area, has the least amount of spatial correlation among housing density at the neighborhood level, while Johnson City, which has the lowest overall housing density, has the highest degree of spatial correlation.

Suggested Citation

  • Cho, Seong-Hoon & Clark, Christopher D. & Park, William M., 2006. "Two Dimensions of the Spatial Distribution of Housing: Dependency and Heterogeneity across Tennessee’s Six Metropolitan Statistical Areas," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 38(2), pages 1-18, August.
    • Handle: RePEc:ags:joaaec:43763
    DOI: 10.22004/ag.econ.43763
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    1. Can, Ayse, 1992. "Specification and estimation of hedonic housing price models," Regional Science and Urban Economics, Elsevier, vol. 22(3), pages 453-474, September.
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    3. Dubin, Robin A., 1992. "Spatial autocorrelation and neighborhood quality," Regional Science and Urban Economics, Elsevier, vol. 22(3), pages 433-452, September.
    4. Geoghegan, Jacqueline & Wainger, Lisa A. & Bockstael, Nancy E., 1997. "Spatial landscape indices in a hedonic framework: an ecological economics analysis using GIS," Ecological Economics, Elsevier, vol. 23(3), pages 251-264, December.
    5. LeSage, James P., 1997. "Regression Analysis of Spatial Data," Journal of Regional Analysis and Policy, Mid-Continent Regional Science Association, vol. 27(2), pages 1-12.
    6. Geoffrey Meen & Mark Andrew, 1998. "On the Aggregate Housing Market Implications of Labour Market Change," Scottish Journal of Political Economy, Scottish Economic Society, vol. 45(4), pages 393-419, September.
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    Cited by:

    1. Goetz, Stephan J., 2007. "The Economic Case for State Land Use Decision-Making," Journal of Regional Analysis and Policy, Mid-Continent Regional Science Association, vol. 37(01), pages 1-5.

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