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Qin, Duo and Liu, Yimeng (2015) 'Modelling Scale Effect in Cross-section Data: The Case of Hedonic Price Regression.' Statistical Research, 32 (2). pp. 97-103.

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Abstract

An innovative and simple experiment with cross-section data ordering is carried out to exploit a basic feature between many economic variables – nonlinear scale dependence. The experiment is tried on hedonic price models using two data sets for automobiles and computers respectively. The key findings are: (1) Hedonic price indices can be significantly biased if they are constructed using models which disregard possible nonlinear scale effects latent in data samples; (2) Scale-based data ordering offers considerable potential to filter such scale-dependent information from cross-section samples; (3) The filtering can be easily carried out by systematic adoption of dynamic modelling methods.

Item Type: Journal Article
Additional Information: In Chinese with English abstract
SOAS Departments & Centres: Departments and Subunits > Department of Economics
Legacy Departments > Faculty of Law and Social Sciences > Department of Economics
ISSN: 10024565
DOI (Digital Object Identifier): https://doi.org/10.19343/j.cnki.11-1302/c.2015.02.014
Date Deposited: 20 Apr 2015 08:42
URI: https://eprints.soas.ac.uk/id/eprint/19767
Related URLs: http://www.cnki ... 1I4ZVgxTHV4WVM=

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