NDLI: The welfare benefit of a home’s location: an empirical comparison of spatial and non-spatial model estimates

Content Provider	Springer Nature Link
Author	Koschinsky, Julia Loza Gracia, Nancy Piras, Gianfranco
Copyright Year	2011
Abstract	This article compares results from non-spatial and new spatial methods to examine the reliability of welfare estimates (direct and multiplier effects) for locational housing attributes in Seattle, WA. In particular, we assess if OLS with spatial fixed effects is able to account for the spatial structure in a way that represents a viable alternative to spatial econometric methods. We find that while OLS with spatial fixed effects accounts for more of the spatial structure than simple OLS, it does not account for all of the spatial structure. It thus does not present a viable alternative to the spatial methods. Similar to existing comparisons between results from non-spatial and established spatial methods, we also find that OLS generates higher coefficient and direct effect estimates for both structural and locational housing characteristics than spatial methods do. OLS with spatial fixed effects is closer to the spatial estimates than OLS without fixed effects but remains higher. Finally, a comparison of the direct effects with locally weighted regression results highlights spatial threshold effects that are missed in the global models. Differences between spatial estimators are almost negligible in this study.
Starting Page	319
Ending Page	356
Page Count	38
File Format	PDF
ISSN	14355930
Journal	Journal of Geographical Systems
Volume Number	14
Issue Number	3
e-ISSN	14355949
Language	English
Publisher	Springer-Verlag
Publisher Date	2011-03-30
Publisher Place	Berlin, Heidelberg
Access Restriction	One Nation One Subscription (ONOS)
Subject Keyword	Spatial econometrics Hedonic models Valuation of nonmarket goods Spatial HAC Geographical Information Systems/Cartography Simulation and Modeling Computer Application in Social and Behavioral Sciences Regional/Spatial Science Quantitative Geography Landscape/Regional and Urban Planning
Content Type	Text
Resource Type	Article
Subject	Earth-Surface Processes Geography, Planning and Development Economics and Econometrics

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