The residential mortgage market becomes a financial engine for the booming residential housing development and sustained economic growth in China. Our study provides the first rigorous empirical analysis on the earlier performance of residential mortgage market in China based on a unique micro...

We examine commercial land markets in Krakow, Poland over a ten-year period of transitionfrom socialist management to a market economy. We explore the spatial and temporal evolutionof land prices over this period. In particular, we are interested in identifying trends toward oraway from...

This study examines the impact of rent control of mobile home parks in seven counties of California between 1983 and 2003. We assembled an extensive and timely data set and, thus, were able to test more carefully specified econometric models than had been employed in prior studies of California...

Prediction is difficult. In this paper we use panel data methods to make reasonably accurate shortterm ex-post predictions of house prices across 353 local authority areas in England. The issue of prediction over the longer term is also addressed, and a simple method that makes use of the...

In 1989, Poland undertook a series of institutional reforms that effectively introduced economiccompetition into land markets. Over the next several years ownership rights to land previouslyunder government control were distributed to individuals and ¯rms. Prior to reforms, land hadbeen...

Increasingly, U.S. metropolitan areas are polycentric. While this is well recognized, there is lit-tle consensus as to the appropriate method for identifying centers of employment and their extent.Discussions of sprawl and decentralization, agglomeration and productivity, and the impacts...

This paper is concerned with methods for analysing spatial data. After initial discussion on the nature of spatial data, including the concept of randomness, we focus most of our attention on linear regression models that involve interactions between agents across space. The introduction of...

The paper incorporates house prices within an NEG framework leading to the spatialdistributions of wages, prices and income. The model assumes that all expenditure goes tofirms under a monopolistic competition market structure, that labour efficiency units areappropriate, and that spatial...