Measuring the Effect of the Real Estate Bubble: a House Price Index for Bilbao

A spatio-temporal model is proposed aimed at producing an index of housing prices. A hedonic model with geographically varying coefficients is coupled with a non parametric estimation of the trend, whence a price index is derived.

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Year of publication:	2011-11
Authors:	Menéndez, Patricia ; Palacios, María Blanca ; Ruiz, Bárcena ; Jesús, María ; Palmer, Tusell ; Jorge, Fernando
Institutions:	Departamento de Economía Aplicada III (Econometría y Estadística), Facultad de Ciencias Económicas y Empresariales
Subject:	house prices \| price index \| GWR \| geographically weighted regression

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Extent:	application/pdf
Series:	BILTOKI.
Type of publication:	Book / Working Paper
Language:	English
Notes:	The text is part of a series Biltoki 2011.07 Number 2011-07
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10009391598