Economics, Econometrics and Finance
8 years ago

Spatial housing prices in Zhengzhou impacted by spatial lagged effect.

Economic Geography
The Spatial Effect of Building New Housing in Zhengzhou City——Based on the Spatial Econometrics Model
Ling Yao

Paper Summary

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The study looked at new housing in Zhengzhou city and found that housing prices are influenced by their location. They used a spatial econometrics model to analyze the data and discovered that housing prices are connected to each other in space. The research showed that the spatial lagged effect is a significant factor in housing prices, and transportation accessibility plays a role too. The findings suggest that government policies on real estate should consider the spatial interaction of housing prices to make effective controls.