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Regional variations in the price of building land: a spatial econometrics approach for West Germany

Möller, Joachim (2009) Regional variations in the price of building land: a spatial econometrics approach for West Germany. The Annals of Regional Science 43 (1), pp. 113-132.

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Abstract

In this paper we analyze the enormous variation in the price of building land across West German regions. We outline a theoretical model that ties a household's willingness to pay for building land to the inter-temporal value of employment. Using data for NUTS~3 regions the theoretically derived impact of labor market variables and other influences is investigated. We show that spatial dependence ...

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Item type:Article
Date:2009
Institutions:Business, Economics and Information Systems > Institut für Volkswirtschaftslehre und Ökonometrie > Lehrstuhl für Empirische Makroökonomie und Regionalökonomie (Prof. Dr. Joachim Möller)
Business, Economics and Information Systems > Institut für Immobilienenwirtschaft / IRE|BS > Lehrstuhl für Empirische Makroökonomie und Regionalökonomie (Prof. Dr. Joachim Möller)

Business, Economics and Information Systems > Institut für Immobilienenwirtschaft / IRE|BS > Professur für Zivilrecht und im Immobilienrecht (Prof. Dr. Dr. Herbert Grziwotz)
Interdisciplinary Subject Network:Immobilien- und Kapitalmärkte
Identification Number:
ValueType
10.1007/s00168-007-0207-6DOI
Classification:
NotationType
J 21, R 23Journal of Economics Literature Classification
Keywords:Land Prices, Labor and Real Estate Markets, Spatial Econometrics
Dewey Decimal Classification:300 Social sciences > 330 Economics
Status:Published
Refereed:Yes, this version has been refereed
Created at the University of Regensburg:Yes
Item ID:10003
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