Housing Risk and Returns in Submarkets with Spatial Dependence and Heterogeneity

Employing a recently developed panel econometric technique, first, we show that accounting for spatial dependence and heterogeneity yields more accurate risk factor coefficients and abnormal housing returns. Rather than systematic risks, idiosyncratic risks explain the variations in residential hous...

Descripción completa

Detalles Bibliográficos
Autores principales: Morawakage, P. S., Earl, G., Liu, B., Roca, E., Omura, A.
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Springer US 2022
Materias:
Article
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8726524/
http://dx.doi.org/10.1007/s11146-021-09877-7

Internet

https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8726524/
http://dx.doi.org/10.1007/s11146-021-09877-7

Ejemplares similares