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dc.contributor.authorKaltsas, Ioannisen_US
dc.date.accessioned2014-03-14T20:19:00Z
dc.date.available2014-03-14T20:19:00Z
dc.date.issued2000-10-31en_US
dc.identifier.otheretd-11242000-130040en_US
dc.identifier.urihttp://hdl.handle.net/10919/29726
dc.description.abstractAn increasing volume of empirical literature demonstrates the possibility of spatial autocorrelation in land value models. A number of objections regarding the methodology followed in those empirical studies have been raised. This thesis examines three propositions. The first proposition states that there is spatial dependence in the land value model in Roanoke County. The second proposition is that mechanical construction of neighborhood effects, or grouping nearby land parcels into neighborhoods, is not always the best way to capture spatial effects. Finally, the third and most important proposition states that by implementing a comprehensive set of individual and joint misspecification tests, one can better identify misspecification error sources and establish a more statistically sound and reliable model than models based on existing spatial econometric practices. The findings of this dissertation basically confirm the validity of those three propositions. In addition, we conclude that based on their development status prices of land parcels in Roanoke County may follow different stochastic processes. Changes in the values of hedonic variables have different implications for different groups of land parcels.en_US
dc.publisherVirginia Techen_US
dc.relation.haspartTelos1000.pdfen_US
dc.rightsI hereby certify that, if appropriate, I have obtained and attached hereto a written permission statement from the owner(s) of each third party copyrighted matter to be included in my thesis, dissertation, or project report, allowing distribution as specified below. I certify that the version I submitted is the same as that approved by my advisory committee. I hereby grant to Virginia Tech or its agents the non-exclusive license to archive and make accessible, under the conditions specified below, my thesis, dissertation, or project report in whole or in part in all forms of media, now or hereafter known. I retain all other ownership rights to the copyright of the thesis, dissertation or project report. I also retain the right to use in future works (such as articles or books) all or part of this thesis, dissertation, or project report.en_US
dc.subjectSpatial Econometricsen_US
dc.subjectLand Valuesen_US
dc.subjectMisspecificationen_US
dc.titleSpatial Econometrics Revisited: A Case Study of Land Values in Roanoke Countyen_US
dc.typeDissertationen_US
dc.contributor.departmentEconomics (Arts and Sciences)en_US
dc.description.degreePh. D.en_US
thesis.degree.namePh. D.en_US
thesis.degree.leveldoctoralen_US
thesis.degree.grantorVirginia Polytechnic Institute and State Universityen_US
thesis.degree.disciplineEconomicsen_US
dc.contributor.committeememberSpanos, Arisen_US
dc.contributor.committeememberShabman, Leonard A.en_US
dc.contributor.committeememberMills, Bradford F.en_US
dc.identifier.sourceurlhttp://scholar.lib.vt.edu/theses/available/etd-11242000-130040/en_US
dc.contributor.committeecochairBosch, Darrell J.en_US
dc.contributor.committeecochairMcGuirk, Anya M.en_US
dc.date.sdate2000-11-24en_US
dc.date.rdate2001-11-27
dc.date.adate2000-11-27en_US


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