The spatial clustering investment behavior in housing markets

Land Use Policy

Volumn 42, Issue , 2015, Pages 7-16

  Hui, Eddie C M ^a   Liang, Cong ^a  

^a HONG KONG POLYTECHNIC UNIVERSITY   (Hong Kong)

Author keywords

Clustering; Housing markets; Polytomous; Spatial scan; Venturi effect

Indexed keywords

CLUSTER ANALYSIS; HOUSING MARKET; INVESTMENT; SPATIAL VARIATION; TAX SYSTEM; HOUSING POLICY; POLICY MAKING; SPATIAL ANALYSIS;

CHINA; HONG KONG;

EID: 84904863575     PISSN: 02648377     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.landusepol.2014.07.002     Document Type: Article

References (46)

1. Alm S.E. On the distribution of the scan statistic of a two dimensional Poisson process. Adv. Appl. Prob. 1997, 29:1-16.
2. Anderson N.H., Titterington D.M. Some methods for investigating spatial clustering with epidemiological applications. J. Roy. Statist. Soc. Ser. A 1997, 160:87-105.
3. Chen J., Glaz J. Two-dimensional discrete scan statistics. Stat. Probabil. Lett. 1996, 31(1):59-68.
4. Cook A.J., Gold D.R., Li Y. Spatial cluster detection for censored outcome data. Biometrics 2007, 63:540-549.
5. Davidoff I., Leigh A. How do stamp duties affect the housing market?. Econ. Rec. 2013, 89(286):396-410.
6. de Oliveira D.P., Neill D.B., Garrett J.H., ASCE F., Soibelman L. Detection of patterns in water distribution pipe breakage using spatial scan statistics for point events in a physical network. J. Comput. Civil Eng. 2011, 25:21.
7. de Wit E.R., Englund P., Francke M.K. Price and transaction volume in the Dutch housing market. Region. Sci. Urban Econ. 2013, 43(2):220-241.
8. Dwass M. Modified randomization tests for nonparametric hypothesis. Ann. Math. Statist. 1957, 28:181-187.
9. Flavin M., Yamashita T. Owner-occupied housing and the composition of the household portfolio. Am. Econ. Rev. 2002, 92(1):345-362.
10. Genesove D., Mayer C. Loss aversion and seller behavior: evidence from the housing market. Quart. J. Econ. 2001, 116(4):1233-1260.
11. Glaz J., Naus J. Tight bounds and approximations for scan statistic probabilities for discrete data. Ann. Appl. Prob. 1991, 1:306-318.
12. Goodman A.C. Estimating equilibrium housing demand for "stayers". J. Urban Econ. 2002, 51(1):1-24.
13. Greene S.K. Timely detection of localized excess influenza activity in Northern California across patient care, prescription, and laboratory data. Statist. Med. Electr. Resour. 2011, 30(5):549.
14. Haight G., Singer D. The Real Estate Investment Handbook 2005, J. Wiley, New Jersey.
15. Heffernan R., Mostashari F., Das D., Karpati A., Kulldorff M., et al. Syndromic surveillance in public health practice: The New York City emergency department system. Emerg. Infect. Dis. 2004, 10:858-864.
16. Hensman J., Worden K., Eaton M., Pullin R., Holford K., Evans S. Spatial scanning for anomaly detection in acoustic emission testing of an aerospace structure. Mech. Syst. Signal Process. 2011.
17. Hilbert C.A.L. New housing supply and the dilution of social capital. J. Urban Econ. 2010, 67(3):419-437.
18. Hosmer D.W., Lemeshow S., Sturdivant R.X. Applied Logistic Regression 2013, John Wiley & Sons.
19. Huang L., Kulldorff M., Gregorio D. A spatial scan statistic for survival data. Biometrics 2007, 63:109-118.
20. Hui E., Wang Z. Price anomalies and effectiveness of macro control policies: evidence from Chinese housing markets. Land Use Policy 2014, 39:96-109.
21. Hui E.C.M., Leung B.Y.P., Yu K.H. The impact of different land-supplying channels on the supply of housing. Land Use Policy 2014, 39:244-253.
22. Hui E.C.M., Liang C., Wang Z., Song B.T., Gu Q. Real estate bubbles in China: a tale of two cities. Construct. Manage. Econ. 2012, 30(11):951-961.
23. Hui E.C.M., Liang C., Ip W.C., Ho D.K.H. Examining structural changes in Asian offices market. Land Use Policy 2013, 32:375-380.
24. Jung I., Kulldorff M., Klassen A.C. A spatial scan statistic for ordinal data. Stat. Med. 2007, 26:1594-1607.
25. Jung I. A generalized linear models approach to spatial scan statistics for covariate adjustment. Stat. Med. 2009, 28(7):1131-1143.
26. Jung I., Kulldorff M., Richard O.J. A spatial scan statistic for multinomial data. Stat. Med. 2010, 29(18):1910-1918.
27. Kulldorff M. A spatial scan statistic. Commun. Stat. Theor. Methods 1997, 26:1481-1496.
28. Kulldorff M., Athas W.F., Feurer E.J., Miller B.A., Key C.R. Evaluating cluster alarms: a space-time scan statistic and brain cancer in Los Alamos, New Mexico. Am. J. Public Health 1998, 88(9):1377-1380.
29. Kulldorff M. Prospective time periodic geographic disease surveillance using a scan statistic. J. R. Stat. Soc. Ser. A 2001, 164:61-72.
30. Kulldorff M., Mostashari F., Duczmal L., Yih K., Kleinman K., Platt R. Multivariate scan statistics for disease surveillance. Statist. Med. 2007, 26(8):1824-4833.
31. Instrument Engineers' Handbook, Volume Two: Process Control and Optimization 2005, vol. 2. CRC press.
32. Loader C.R. Large-deviation approximations to the distribution of scan statistics. Adv. Appl. Prob. 1991, 23:751-771.
33. Montrone S., Perchinunno P., Di Giuro A., Rotondo F., Torre C.M. Identification of "hot spots" of social and housing difficulty in urban areas: scan statistics for housing market and urban planning policies. Geocomput. Urban Plan. 2009, 176:57-78.
34. Naus J. The distribution of the size of maximum cluster of points on the line. J. Am. Stat. Assoc. 1965, 60:532-538.
35. Naus J. Clustering of random points in two dimensions. Biometrika 1965, 52:263-267.
36. Naus J. Probabilities for generalized birthday problem. J. Am. Stat. Assoc. 1974, 69:810-815.
37. Ortalo-Magné F., Rady S. Housing transactions and macroeconomic fluctuations: a case study of England and Wales. J. Hous. Econ. 2004, 13:287-303.
38. Ortalo-Magné F., Rady S. Housing market dynamics: on the contribution of income shocks and credit constraints. Rev. Econ. Stud. 2006, 73:459-485.
39. Saperstein B. The generalized birthday problem. J. Am. Stat. Assoc. 1972, 67:425-428.
40. Stein J.C. Prices and trading volume in the housing market: a model with down-payment effects. Quart. J. Econ. 1995, 110(2):379-406.
41. Tango T., Takahashi K. A flexibly shaped spatial scan statistic for detecting clusters. Int. J. Health Geogr. 2005, 4:11.
42. Tse R.Y.C., Ho C.W., Ganesan S. Matching housing supply and demand: an empirical study of Hong Kong's market. Construct. Manage. Econ. 1999, 7(5):625-633.
43. Turnbull B.W., Iwano E.J., Burnett W.S., Howe H.L., Clark L.C. Monitoring for clusters of disease: application to leukemia incidence in upstate New York. Am. J. Epidemiol. 1990, 132(Suppl. 1):136-143.
44. Wallenstein S., Weinberg C.R., Gould M. Use of the scan statistics to detect time-space clustering. Am. J. Epidemiol. 1989, 130:1057-1064.
45. Weinstock M.A. A generalized scan statistic test for the detection of clusters. Int. J. Epidemiol. 1981, 10:289-293.
46. Woodall W.H. The use of control charts in health-care and public-health surveillance. J. Qual. Technol. 2006, 38:1-16.