Please use this identifier to cite or link to this item: https://doi.org/10.1016/j.jhe.2010.03.003
Title: The political economy of housing prices: Hedonic pricing with regression discontinuity
Authors: Sue, E.D.W.
Wong, W.-K. 
Keywords: Hedonic pricing
Political economy
Publicly provided local goods and services
Regression discontinuity
Issue Date: 2010
Source: Sue, E.D.W., Wong, W.-K. (2010). The political economy of housing prices: Hedonic pricing with regression discontinuity. Journal of Housing Economics 19 (2) : 145-156. ScholarBank@NUS Repository. https://doi.org/10.1016/j.jhe.2010.03.003
Abstract: This paper uses hedonic pricing to empirically estimate the value of publicly provided local goods and services in the constituencies of the ruling party relative to those of the opposition parties. To improve control for omitted variables that change smoothly over space, we use a regression discontinuity design to restrict the sample to houses that are near the electoral boundaries. Using resale market prices of public flats in Singapore, in some cases we find a moderate but highly statistically significant difference in housing prices across the electoral boundaries that separate the constituencies of the ruling party and the opposition parties.©2010 Elsevier Inc.
Source Title: Journal of Housing Economics
URI: http://scholarbank.nus.edu.sg/handle/10635/19964
ISSN: 10511377
10960791
DOI: 10.1016/j.jhe.2010.03.003
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