Abstract:Applying spatial autocorrelation Moran’s index and techniques of spatial econometrics, the spatial effects and determinants of urban housing prices were studied. With micro housing data of 317 communities in Hangzhou in 2008, the spatial lag model and spatial error model based on hedonic price method were constructed. The results show that significant spatial effects exist in housing prices, and the results derived from spatial econometric models are apparently superior to that traditional model. Accordingly, spatial econometric models improve the effectiveness and robustness of the hedonic price model.
温海珍, 张之礼, 张凌. 基于空间计量模型的住宅价格空间效应实证分析:以杭州市为例[J]. 系统工程理论与实践, 2011, 31(9): 1661-1667.
WEN Hai-zhen, ZHANG Zhi-li, ZHANG Ling. An empirical analysis on spatial effects of the housing price based on spatial econometric models: Evidence from Hangzhou City. Systems Engineering - Theory & Practice, 2011, 31(9): 1661-1667.
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