Abstract
The paper will discusses the use, logic and the theoretical issues underpinning the definitions of housing market areas (HMAs) and their relationships with labour market areas. Drawing on this understanding, the empirical research generates sets of different potential geographies of HMAs for England based on an algorithm that applies a range of criteria linked to the degree of closure of migration and commuting patterns. Based on a range of criteria/tests the different geographies are assessed. In particular standardised house prices in neighbouring HMAs are tested to assess whether they are different using hedonic multiple regressions and a Chow test to see if they generate statistically different coefficients. Finally conclusions are drawn on these relationships. The empirical work is on England and the datasets drawn from the Population Census and the Land Registry.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
