Replication data for: A New Approach to Estimating the Production Function for Housing
Principal Investigator(s): View help for Principal Investigator(s) Dennis Epple; Brett Gordon; Holger Sieg
Version: View help for Version V1
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Project Citation:
Epple, Dennis, Gordon, Brett, and Sieg, Holger. Replication data for: A New Approach to Estimating the Production Function for Housing. Nashville, TN: American Economic Association [publisher], 2010. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-11. https://doi.org/10.3886/E112360V1
Project Description
Summary:
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Dating to the classic works of Alonso, Mills, and Muth, the production function
for housing has played a central role in urban economics and local public finance. This paper provides a new flexible approach for estimating the housing production function which treats housing quantities and prices as latent variables. The empirical analysis is based on a comprehensive database of recently built properties in Allegheny County, Pennsylvania. We find that the new method proposed in this paper works well in the application and provides reasonable estimates for the underlying production function. (JEL C51, D24, R11, R31)
Scope of Project
JEL Classification:
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C51 Model Construction and Estimation
D24 Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
R11 Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
R31 Housing Supply and Markets
C51 Model Construction and Estimation
D24 Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
R11 Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
R31 Housing Supply and Markets
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