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Spatial and Hedonic Analysis of House Price Dynamics in Warsaw, Poland
| 题名： | Spatial and Hedonic Analysis of House Price Dynamics in Warsaw, Poland |
| 其他题名： | Alonso,W.(1974).Location and land use:Toward a general theory of land rent,Harvard University Press,Cambridge,MA. |
| 正文语种： | 英文 |
| 作者： | Krzysztof Olszewski |
| 关键词： | Hedonic price indexes;Housing prices;Geographically weighted regression;Generalized additive model;Penalized splines |
| 摘要： | The aim of the paper is to analyze the dynamics of house prices in the housing market in Warsaw, Poland, taking into account the spatial relationship between prices. In the first part of this research the geographically weighted regression is compared with a linear regression estimated using ordinary least squares with spatial variables. In the second part, the geographically weighted regression is combined with the generalized additive model regression to extract the effect of time on prices. A hedonic index is obtained that is more robust against short-term changes in house prices than the usual linear hedonic index. This is a novel approach, which has not been applied before in the case of the Polish housing market. The paper indicates that the use of spatial information improves the analysis of house prices and should be thus extended to other cities. |
| 出版年： | 2017 |
| 论文唯一标识： | P-84Y2017V143N03010 |
| 英文栏目名称： | TECHNICAL PAPERS |
| doi： | 10.1061/(ASCE)UP.1943-5444.0000394 |
| 期刊名称： | Journal of Urban Planning and Development |
| 拼音刊名(出版物代码)： | P-84 |
| 卷： | 143 |
| 期： | 03 |
| 页码： | 93-102 |
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