Hedonic Regressions and the Decomposition of a House Price Index into Land and Structure Components

被引：45
|
作者：
Diewert, W. Erwin [1 ,2 ]
de Haan, Jan [3 ,4 ]
Hendriks, Rens [5 ]
机构：
[1] Univ British Columbia, Dept Econ, Vancouver, BC V6T 1Z1, Canada
[2] Univ New S Wales, Sch Econ, Sydney, NSW, Australia
[3] Delft Univ Technol, Stat Netherlands, Delft, Netherlands
[4] Delft Univ Technol, OTB Res Inst, Delft, Netherlands
[5] Stat Netherlands, The Hague, Netherlands
来源：
ECONOMETRIC REVIEWS | 2015年 / 34卷 / 1-2期
基金：
澳大利亚研究理事会;
关键词：
Land and structure components; Fisher ideal indexes; House price indexes; Hedonic regressions; RESIDENTIAL LAND; REPEAT SALES; SUBSTITUTION; ELASTICITY; DEMAND;
D O I：
10.1080/07474938.2014.944791
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
The paper uses hedonic regression techniques in order to decompose the price of a house into land and structure components using readily available real estate sales data for a small Dutch city. To get sensible results, it was useful to estimate a nonlinear model on data that cover multiple time periods. It also proved necessary to incorporate exogenous information on the rate of growth of construction costs in the Netherlands in order to obtain meaningful constant quality indexes for the price of land and structures separately.
引用
收藏
页码：106 / 126
页数：21
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