Showing 1 - 5 of 5
Persistent link: https://www.econbiz.de/10012262133
Persistent link: https://www.econbiz.de/10009303046
Persistent link: https://www.econbiz.de/10001760238
This paper develops a method to capture anisotropic spatial autocorrelation in the context of the simultaneous autoregressive model. Standard isotropic models assume that spatial correlation is a homogeneous function of distance. This assumption, however, is oversimplified if spatial dependence...
Persistent link: https://www.econbiz.de/10013093876
This paper models the correlated shocks across regional housing markets and the spillover effects in time-varying housing price volatilities. We explore two kinds of diffusion channels: geographic closeness and economic similarity. Our empirical investigation is based on the Case-Shiller housing...
Persistent link: https://www.econbiz.de/10013095647