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Spatial heterogeneity of housing prices in formal and informal settlements: A GWR hedonic model for segmented markets in Cali

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dc.creatorVivas Pacheco, Harvyspa
dc.creatorFranco Calderón, Ángela Maríaspa
dc.date.accessioned2025-06-05T20:20:51Z
dc.date.available2025-06-05T20:20:51Z
dc.date.created2021-06-01spa
dc.date.issued2021-06-01spa
dc.descriptionThis paper studies the factors associated with differential prices in segmented housing markets. Despite the breadth of the literature addressing this issue, a gap remains in the investigation of differential prices in areas where formal and informal settlements coexist. Based on primary data from more than 550 households, we calibrated a Geographically Weighted Regressions (GWR) hedonic model in the District 18 of Cali, Colombia, as an approach for housing pricing in areas where heterogeneous occupation patterns prevail. The findings reveal that environmental quality, violence, accessibility to transportation, business and services, and household incomes are the variables that have the greatest impact on price structures in both the formal and informal sub-markets. In this regard, the model of price behavior developed in this research improves predictions and provides accurate information to policymakers about the factors associated with housing prices.spa
dc.format.extent28 ppspa
dc.format.mimetypeapplication/pdfspa
dc.identifier.doihttps://doi.org/10.48713/10336_45569
dc.identifier.urihttps://repository.urosario.edu.co/handle/10336/45569
dc.language.isoengspa
dc.publisherUniversidad del Rosariospa
dc.publisherAlianza EFIspa
dc.publisher.departmentFacultad de Economíaspa
dc.rightsAttribution-NonCommercial-NoDerivatives 4.0 Internationalspa
dc.rights.accesRightsinfo:eu-repo/semantics/openAccessspa
dc.rights.accesoAbierto (Texto Completo)spa
dc.rights.urihttp://creativecommons.org/licenses/by-nc-sa/4.0/spa
dc.source.instnameinstname:Universidad del Rosariospa
dc.source.reponamereponame:Repositorio Institucional EdocURspa
dc.subject.keywordSpatial heterogeneityeng
dc.subject.keywordInformal settlementseng
dc.subject.keywordHousing priceseng
dc.subject.keywordGeographically Weighted Regressions (GWR)eng
dc.subject.keywordHedonic priceseng
dc.titleSpatial heterogeneity of housing prices in formal and informal settlements: A GWR hedonic model for segmented markets in Calispa
dc.typeworkingPaperspa
dc.type.hasVersioninfo:eu-repo/semantics/publishedVersionspa
dc.type.spaDocumento de trabajospa
local.department.reportFacultad de Economía
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