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 tech...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
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Universidad EAFIT
2015-06-01
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| Series: | Ecos de Economía |
| Subjects: | |
| Online Access: | http://publicaciones.eafit.edu.co/index.php/ecos-economia/article/view/3045 |
| _version_ | 1818348817979801600 |
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| author | Jorge Enrique Agudelo Torres Gabriel Alberto Agudelo Torres Luis Ceferino Franco Arbeláez Luis Eduardo Franco Ceballos |
| author_facet | Jorge Enrique Agudelo Torres Gabriel Alberto Agudelo Torres Luis Ceferino Franco Arbeláez Luis Eduardo Franco Ceballos |
| author_sort | Jorge Enrique Agudelo Torres |
| collection | DOAJ |
| description | 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. |
| first_indexed | 2024-12-13T17:56:05Z |
| format | Article |
| id | doaj.art-1223444678e9497e8efcd08218d82b6a |
| institution | Directory Open Access Journal |
| issn | 1657-4206 |
| language | English |
| last_indexed | 2024-12-13T17:56:05Z |
| publishDate | 2015-06-01 |
| publisher | Universidad EAFIT |
| record_format | Article |
| series | Ecos de Economía |
| spelling | doaj.art-1223444678e9497e8efcd08218d82b6a2022-12-21T23:36:21ZengUniversidad EAFITEcos de Economía1657-42062015-06-011940668010.17230/ecos.2015.40.42188The Effect of a Sports Stadium on Housing Rents: An Application of Geographically Weighted RegressionJorge Enrique Agudelo Torres0Gabriel Alberto Agudelo Torres1Luis Ceferino Franco Arbeláez2Luis Eduardo Franco Ceballos3Instituto Tecnológico MetropolitanoInstituto Tecnológico MetropolitanoInstituto Tecnológico MetropolitanoInstituto Tecnológico MetropolitanoResearchers 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.http://publicaciones.eafit.edu.co/index.php/ecos-economia/article/view/3045Housing RentsGeographically Weighted RegressionColombia |
| spellingShingle | Jorge Enrique Agudelo Torres Gabriel Alberto Agudelo Torres Luis Ceferino Franco Arbeláez Luis Eduardo Franco Ceballos The Effect of a Sports Stadium on Housing Rents: An Application of Geographically Weighted Regression Ecos de Economía Housing Rents Geographically Weighted Regression Colombia |
| title | The Effect of a Sports Stadium on Housing Rents: An Application of Geographically Weighted Regression |
| title_full | The Effect of a Sports Stadium on Housing Rents: An Application of Geographically Weighted Regression |
| title_fullStr | The Effect of a Sports Stadium on Housing Rents: An Application of Geographically Weighted Regression |
| title_full_unstemmed | The Effect of a Sports Stadium on Housing Rents: An Application of Geographically Weighted Regression |
| title_short | The Effect of a Sports Stadium on Housing Rents: An Application of Geographically Weighted Regression |
| title_sort | effect of a sports stadium on housing rents an application of geographically weighted regression |
| topic | Housing Rents Geographically Weighted Regression Colombia |
| url | http://publicaciones.eafit.edu.co/index.php/ecos-economia/article/view/3045 |
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