An approach for constructing spatially paired pseudo repeat-sales housing price indices in China DOI Creative Commons
Haiyong Zhang, Zisheng Song, Zhuo Chen

и другие.

Journal of Housing and the Built Environment, Год журнала: 2024, Номер unknown

Опубликована: Окт. 14, 2024

Abstract Constructing a reliable housing price index is crucial for accurately reflecting dynamics and enhancing transparency in the market. However, existing methods constructing indices often confront many challenges, such as omitted variable issues hedonic model constrained samples used repeat-sales model. To address these this study identifies spatially paired relationship between complexes develops Spatially Paired Pseudo Repeat-Sales to construct index. This approach offers two significant advantages: first, it enlarges sample size at least 1.8 times; second, effectively estimates effects of spatial dependency physical factors on prices while mitigating impacts unobservable through differentiation. The findings paper suggest that using pseudo can significantly improve estimation volatility, by approximately 13%. Moreover, constructed demonstrates robustness, even when weight settings are altered. research provides convincing evidence improved market stakeholders, including governments, institutional developers, individual investors. Additionally, inform other similar construction providing pairing perspective complexes.

Язык: Английский

Smart cities and urban resilience: evaluating the impact on emergency response in China DOI Creative Commons
Yu Feng, Yang Shen, Qiyuan Li

и другие.

Journal of Asian Architecture and Building Engineering, Год журнала: 2025, Номер unknown, С. 1 - 10

Опубликована: Март 24, 2025

Against the backdrop of rapid global urbanization, cities are facing increasingly complex challenges. How to enhance ability urban systems respond various shocks and challenges has attracted widespread attention from scholars policymakers. As an important means addressing challenges, Smart City Construction (SMC) can improve management services through information technology, big data, other technological means, potentially enhancing quality emergency development. This article uses Difference-in-Difference method empirically study impact SMC on development quality. The construction smart promoted Mechanism analysis shows that resilience (UR) is mechanism action. results still hold true after a series robustness tests, such as PSM, were used in this article. heterogeneity indicate varies depending location size city. provides policy recommendations for cities.

Язык: Английский

Процитировано

0
An approach for constructing spatially paired pseudo repeat-sales housing price indices in China DOI Creative Commons
Haiyong Zhang, Zisheng Song, Zhuo Chen

и другие.

Journal of Housing and the Built Environment, Год журнала: 2024, Номер unknown

Опубликована: Окт. 14, 2024

Abstract Constructing a reliable housing price index is crucial for accurately reflecting dynamics and enhancing transparency in the market. However, existing methods constructing indices often confront many challenges, such as omitted variable issues hedonic model constrained samples used repeat-sales model. To address these this study identifies spatially paired relationship between complexes develops Spatially Paired Pseudo Repeat-Sales to construct index. This approach offers two significant advantages: first, it enlarges sample size at least 1.8 times; second, effectively estimates effects of spatial dependency physical factors on prices while mitigating impacts unobservable through differentiation. The findings paper suggest that using pseudo can significantly improve estimation volatility, by approximately 13%. Moreover, constructed demonstrates robustness, even when weight settings are altered. research provides convincing evidence improved market stakeholders, including governments, institutional developers, individual investors. Additionally, inform other similar construction providing pairing perspective complexes.

Язык: Английский

Процитировано

0