Baltagi, Badi H.; Fingleton, Bernard; Pirotte, Alain - In: Journal of Urban Economics 80 (2014) C, pp. 76-86
This paper sets up a nested random effects spatial autoregressive panel data model to explain annual house price variation for 2000–2007 across 353 local authority districts in England. The estimation problem posed is how to allow for the endogeneity of the spatial lag variable producing the...