The Effect of a Sports Stadium on Housing Rents: An Application of Geographically Weighted Regression

Researchers have determined that real estate prices vary in continuous ways as a function of spatial characteristics -- In this study we examine whether geographically weighted regression (GWR) provides different estimates of price effects around a sports stadium than more traditional regression techniques -- We find that an application of GWR with hedonic prices finds that the stadium has a negative external effect on housing rents that extends outward 560 meters, in contrast to the positive external effect on housing rents found using a conventional estimation technique

• Autores: Agudelo Torres, Jorge Enrique; Agudelo Torres, Gabriel Alberto; Franco Arbeláez, Luis Ceferino; Franco Ceballos, Luis Eduardo
• Fecha de publicación: 2015
• Institución: Universidad EAFIT
• Repositorio: Repositorio EAFIT
• Idioma: spa
• OAI Identifier: oai:repository.eafit.edu.co:10784/7805
• Acceso en línea: http://hdl.handle.net/10784/7805
• Palabra clave: C33; C51; C21; C53; D14; O18; Regresión Geográficamente Ponderada; BIENES RAÍCES - PRECIOS; MERCADO DE LA VIVIENDA; OFERTA DE VIVIENDA; ANÁLISIS DE REGRESIÓN - MODELOS MATEMÁTICOS; Real Property - Prices; Housing market; Housing supply; Regression analysis - mathematical models
• License: Acceso abierto