This research note documents estimation procedures and results for an empirical investigation of the performance of the recently developed spatial, heteroskedasticity and autocorrelation consistent (HAC) covariance estimator calibrated with different kernel bandwidths. The empirical example is...

This research uses a sequence of hedonic housing price regressions to estimate open space amenity values. The iterative approach empirically identifies the range of distance over which open space affects housing values. After controlling for numerous other factors in the spatial hedonic model,...

This study evaluates spatial variation in the relationship between agricultural output and input use across Turkey. The potential impact of the national agricultural policy reform introduced in 2001 on the spatial variation in agricultural output elasticities across the country was explored. By...

This paper applies recent developments in forecasting spatial process models to estimate the impact of input shocks on China's 1999 gross value added output (GVAO) in agriculture. A Cobb-Douglas production function allowing total factor productivity to vary across regions is used to forecast the...

Municipalities sometimes reform property tax schedules in an effort to increase suboptimal residential densities. One such approach is to reduce the tax rate applied to building values and increase the tax rate applied to land, known as a two-rate property tax (TPT). This paper evaluates the...