Urban quality of life (QOL) is usually measured through an index de ned as the estimated value of... a set of urban amenities. However there is an increasing awareness that omitted variables might seriously undermine the method's ability to accurately estimate QOL. Here we extend the hedonic approach using a multivariate geostatistical model to address the omitted variable bias by identifying the latent common factors responsible for the spatial distribution of the amenities. A new QOL index is then de ned as a function of the latent factors whose implicit prices are estimated through hedonic regressions. Our methodology is shown on a data set of individual-level property transactions from the city of Vicenza. As a result we obtain the spatial distribution of QOL calculated according to the new index.

Ferrari, C., Michelangeli, A., Minozzo, M. (2011). Measuring Urban Quality of Life Using Multivariate Geostatistical Models. In Spatial2: Spatial Data Methods for Environmental and Ecological processes. Proceedings.. Environmetrics Press.

Measuring Urban Quality of Life Using Multivariate Geostatistical Models

MICHELANGELI, ANNA ALESSANDRA;
2011

Abstract

Urban quality of life (QOL) is usually measured through an index de ned as the estimated value of... a set of urban amenities. However there is an increasing awareness that omitted variables might seriously undermine the method's ability to accurately estimate QOL. Here we extend the hedonic approach using a multivariate geostatistical model to address the omitted variable bias by identifying the latent common factors responsible for the spatial distribution of the amenities. A new QOL index is then de ned as a function of the latent factors whose implicit prices are estimated through hedonic regressions. Our methodology is shown on a data set of individual-level property transactions from the city of Vicenza. As a result we obtain the spatial distribution of QOL calculated according to the new index.
No
paper
quality of life; geostatistical models
English
Spatial2 Conference: Spatial Data Methods for Environmental and Ecological Processes, Foggia (IT), 1-2 September 2011
9788896125123
Ferrari, C., Michelangeli, A., Minozzo, M. (2011). Measuring Urban Quality of Life Using Multivariate Geostatistical Models. In Spatial2: Spatial Data Methods for Environmental and Ecological processes. Proceedings.. Environmetrics Press.
Ferrari, C; Michelangeli, A; Minozzo, M
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/10281/48588
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