Commercial Property Price Indexes : Problems of Sparse Data, Spatial Spillovers, and Weighting /

Transaction-price residential (house) and commercial property price indexes (RPPIs and CPPIs) have inherent problems of sparse data on heterogeneous properties, more so CPPIs. In an attempt to control for heterogeneity, (repeat-sales and hedonic) panel data regression frameworks are typically used f...

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Detaylı Bibliyografya
Yazar: Silver, Mick
Diğer Yazarlar: Graf, Brian
Materyal Türü: Dergi
Dil:English
Baskı/Yayın Bilgisi: Washington, D.C. : International Monetary Fund, 2014.
Seri Bilgileri:IMF Working Papers; Working Paper ; No. 2014/072
Online Erişim:Full text available on IMF
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100 1 |a Silver, Mick. 
245 1 0 |a Commercial Property Price Indexes :   |b Problems of Sparse Data, Spatial Spillovers, and Weighting /  |c Mick Silver, Brian Graf. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2014. 
300 |a 1 online resource (30 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a Transaction-price residential (house) and commercial property price indexes (RPPIs and CPPIs) have inherent problems of sparse data on heterogeneous properties, more so CPPIs. In an attempt to control for heterogeneity, (repeat-sales and hedonic) panel data regression frameworks are typically used for estimating overall price change. We address the problem of sparse data, demonstrate the need to include spatial price spillovers to remove bias, and propose an innovative approach to effectively weight regional CPPIs along with improvements to higher-level weighting systems. The study uses spatial panel regressions on granular CPPIs for the United States (US). 
538 |a Mode of access: Internet 
700 1 |a Graf, Brian. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2014/072 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2014/072/001.2014.issue-072-en.xml  |z IMF e-Library