Hedonic Prices of Census Tracts in the Boston Area

Description

A cross-section

number of observations : 506

observation : regional

country : United States

Usage

data(Hedonic)

Format

A dataframe containing:

mv

median value of owner–occupied homes

crim

crime rate

zn

proportion of 25,000 square feet residential lots

indus

proportion of nonretail business acres

chas

is the tract bounds the Charles River ?

nox

annual average nitrogen oxide concentration in parts per hundred million

rm

average number of rooms

age

proportion of owner units built prior to 1940

dis

weighted distances to five employment centers in the Boston area

rad

index of accessibility to radial highways

tax

full value property tax rate (\$/\$10,000)

ptratio

pupil/teacher ratio

blacks

proportion of blacks in the population

lstat

proportion of population that is lower status

townid

town identifier

Source

Online complements to Baltagi (2001).

http://www.wiley.com/legacy/wileychi/baltagi/.

References

Baltagi, Badi H. (2001): Econometric Analysis of Panel Data, 2nd ed., John Wiley and Sons.

Belsley, D.A., E. Kuh and R. E. Welsch (1980): Regression Diagnostics: Identifying Influencial Data and Sources of Collinearity, John Wiley, New York.

Harrison, D. and D.L. Rubinfeld (1978): “Hedonic housing prices and the demand for clean air”, Journal of Environmental Economics and Management, 5, 81–102.