Estimation of Hedonic Housing Price Function For Ahvaz using Panel Data Analysis
The most important issue concerning housing supply is that how people rank different attributes of a House. This evaluation can be measured by estimating housing price function. In order to examine the consumer’s evaluation, a hedonic price model has been applied using the panel data model including...
| Main Authors: | , |
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| Format: | Article |
| Language: | fas |
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Allameh Tabataba'i University Press
2006-09-01
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| Series: | فصلنامه پژوهشهای اقتصادی ایران |
| Subjects: | |
| Online Access: | https://ijer.atu.ac.ir/article_3687_312d4cd4222d8c47c68e7aae62afc414.pdf |
| _version_ | 1797369407063719936 |
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| author | mansour Zarra Nezhad Ebrahim Anvaari |
| author_facet | mansour Zarra Nezhad Ebrahim Anvaari |
| author_sort | mansour Zarra Nezhad |
| collection | DOAJ |
| description | The most important issue concerning housing supply is that how people rank different attributes of a House. This evaluation can be measured by estimating housing price function. In order to examine the consumer’s evaluation, a hedonic price model has been applied using the panel data model including the cross section observations on five municipality regions of the city of Ahvaz over years 1997-2003. The goal of this research is to determine the leading physical and environmental factor affecting the housing price in Ahvaz. To this end two panel data unit root tests and two cointegration tests for panel data as well as GLS estimation method have been conducted. The estimation has been carried out separately for three kinds of houses: Apartment, villa and others types.The empirical results reveal that the physical factors are the most important determinants of the demand for housing attributes and have the most effect on housing price as a whole. The environmental attributes take second place. The same is true for apartment, but it is just the reveres for villa. Being close to a street with a width of 4-10 meters is among the most important attributes affecting housing price in these two kinds of houses. |
| first_indexed | 2024-03-08T17:47:24Z |
| format | Article |
| id | doaj.art-b9af7d9c10f643b6967accf44293b88e |
| institution | Directory Open Access Journal |
| issn | 1726-0728 2476-6445 |
| language | fas |
| last_indexed | 2024-03-08T17:47:24Z |
| publishDate | 2006-09-01 |
| publisher | Allameh Tabataba'i University Press |
| record_format | Article |
| series | فصلنامه پژوهشهای اقتصادی ایران |
| spelling | doaj.art-b9af7d9c10f643b6967accf44293b88e2024-01-02T10:27:53ZfasAllameh Tabataba'i University Pressفصلنامه پژوهشهای اقتصادی ایران1726-07282476-64452006-09-018281391683687Estimation of Hedonic Housing Price Function For Ahvaz using Panel Data Analysismansour Zarra Nezhad0Ebrahim Anvaari1Associate professor of economics, Shahid Chamran University, AhvazGraduate student, Shahid Chamran University, AhvazThe most important issue concerning housing supply is that how people rank different attributes of a House. This evaluation can be measured by estimating housing price function. In order to examine the consumer’s evaluation, a hedonic price model has been applied using the panel data model including the cross section observations on five municipality regions of the city of Ahvaz over years 1997-2003. The goal of this research is to determine the leading physical and environmental factor affecting the housing price in Ahvaz. To this end two panel data unit root tests and two cointegration tests for panel data as well as GLS estimation method have been conducted. The estimation has been carried out separately for three kinds of houses: Apartment, villa and others types.The empirical results reveal that the physical factors are the most important determinants of the demand for housing attributes and have the most effect on housing price as a whole. The environmental attributes take second place. The same is true for apartment, but it is just the reveres for villa. Being close to a street with a width of 4-10 meters is among the most important attributes affecting housing price in these two kinds of houses.https://ijer.atu.ac.ir/article_3687_312d4cd4222d8c47c68e7aae62afc414.pdfhedonic price functionpanel dataunit root and cointegration for panel datahousingahvaz |
| spellingShingle | mansour Zarra Nezhad Ebrahim Anvaari Estimation of Hedonic Housing Price Function For Ahvaz using Panel Data Analysis فصلنامه پژوهشهای اقتصادی ایران hedonic price function panel data unit root and cointegration for panel data housing ahvaz |
| title | Estimation of Hedonic Housing Price Function For Ahvaz using Panel Data Analysis |
| title_full | Estimation of Hedonic Housing Price Function For Ahvaz using Panel Data Analysis |
| title_fullStr | Estimation of Hedonic Housing Price Function For Ahvaz using Panel Data Analysis |
| title_full_unstemmed | Estimation of Hedonic Housing Price Function For Ahvaz using Panel Data Analysis |
| title_short | Estimation of Hedonic Housing Price Function For Ahvaz using Panel Data Analysis |
| title_sort | estimation of hedonic housing price function for ahvaz using panel data analysis |
| topic | hedonic price function panel data unit root and cointegration for panel data housing ahvaz |
| url | https://ijer.atu.ac.ir/article_3687_312d4cd4222d8c47c68e7aae62afc414.pdf |
| work_keys_str_mv | AT mansourzarranezhad estimationofhedonichousingpricefunctionforahvazusingpaneldataanalysis AT ebrahimanvaari estimationofhedonichousingpricefunctionforahvazusingpaneldataanalysis |