Abstract

AGUDELO TORRES, Jorge Enrique; AGUDELO TORRES, Gabriel Alberto; FRANCO ARBELAEZ, Luis Ceferino  and  FRANCO CEBALLOS, Luis Eduardo. The Effect of a Sports Stadium on Housing Rents: An Application of Geographically Weighted Regression (GWR). ecos.econ. [online]. 2015, vol.19, n.40, pp.66-80. ISSN 1657-4206.  https://doi.org/10.17230/ecos.2015.40.4.

Researchers have determined that real estate prices vary in continuous ways as a function of spatial characteristics. In this study we examine whether geo- graphically-weighted regression (GWR) provides different estimates of price effects around a sports stadium than more traditional regression techniques. We find that an application of GWR with hedonic prices finds that the stadi- um has a negative external effect on housing rents that extends outward 560 meters, in contrast to the positive external effect on housing rents found using a conventional estimation technique.

Keywords : Housing Rents; Geographically Weighted Regression; Colombia.

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