scholarly journals COMPARATIVE ANALYSIS OF HEDONIC AND FILTERED INDEXES IN SELECTED CITIES

2017 ◽  
Vol 25 (3) ◽  
pp. 40-50
Author(s):  
Sebastian Kokot

Abstract Property price indexes are difficult to determine both from the substantive and technical/organizational points of view. Various methods of constructing such indexes have been developed in order to overcome these difficulties. To this end, the author compares two types of indexes: hedonic indexes and ones termed filtered for the purpose of this particular paper. Hedonic index values come from Polish National Bank (NBP) publications, while the filtered indexes have been computed with the use of the 4253H filter on the basis of the NBP announcements on mean property prices. Thus, the results are comparable as both types of indexes are derived from the same input databases. The analysis covers both the comparison of the obtained results as well as a discussion of substantive and technical problems encountered when building the property price indexes.

ABSTRACT The ecosystem services provided by wetlands can be direct or indirect. The direct services can be mostly valued through market prices, but the indirect service like aesthetic beauty and its impact on property prices surrounding the natural resource cannot be directly measured. To single out the economic effect of particular amenity which influenced the land property prices, the advanced valuation technique Hedonic property pricing was most popularly used. In this study, it was attempted to assess using the hedonic property pricing technique, the impact of the presence of the freshwater body, the Vellayani Lake on land property prices surrounding it. The results revealed that the marginal implicit price of getting one cent of land with lake view evaluated at mean property price of Rs. 2,44250 was Rs.79171. The total aesthetic value of land with the scenic beauty of the lake was Rs. 275.92 crores.


2015 ◽  
Vol 23 (3) ◽  
pp. 14-25
Author(s):  
Sebastian Kokot ◽  
Marcin Bas

Abstract There are several acknowledged methods for determining residential property price indices. However, all of them have their drawbacks and advantages and reflect the averaged real movements of prices with varying accuracy. The paper attempts to answer the question: How faithfully do indices based on asking prices reflect the movements of traded prices? As a result we will find out whether, in the situation when property price indices cannot be determined, asking price based indices can be used instead. The paper specifies theoretical and practical aspects of constructing residential property price indices on the basis of asking and traded prices. It also contains an empirical analysis of these two index types.


Kavkaz-forum ◽  
2021 ◽  
pp. 79-89
Author(s):  
С.Г. Кцоева

Статья посвящена сравнительному анализу исследовательской концепции происхождения и сущности божества осетинского пантеона Сафы, принадлежащей одному из ведущих осетиноведов Тамерлану Александровичу Гуриеву. Концепция представлена в статье «Геродотова Гестия/Табити и Сафа в осетинской нартиаде» [1]. Сложность, «многослойность» исследуемого объекта по сей день сохраняет дискуссию в научном сообществе. До сих пор не существует однозначного ответа по поводу истоков появления Сафы, его подлинной сущности, образа и характера, этимологии имени. Мы ставим своей целью рассмотреть еще один вариант объяснения ономастики и сакральных функций Сафы, представленных в концепции авторитетного ученого-лингвиста Тамерлана Александровича Гуриева, подвергнуть ее научному анализу и определить степень ее интегрированности в современное осетиноведение. Новизна исследования заключается в предпринятом перекрестном анализе двух разных концепций Сафы – Т.А. Гуриева и Б.А. Алборова, – что позволило обнаружить ряд сходных выводов, к которым оба ученых в разное время пришли совершенно самостоятельно, чем, в свою очередь, косвенно подтверждается их объективность. Существенная разница точек зрения (Б.А. Алборов считал Сафу производным от протоиудейского бога Саваофа, а Т.А. Гуриев – скифской богини Табити) не помешала ученым прийти к общим выводам. К наиболее существенным сходным чертам обеих концепций можно отнести вывод о солярности Сафы (правда, по-разному трактуемой) и о том, что божество на самом деле является результатом маскулинизации. The article is devoted to a comparative analysis of the research concept of the origin and essence of the deity Safa of the Ossetian pantheon, which belongs to one of the leading Ossetian scholars Tamerlan Alexandrovich Guriev. The concept is presented in the article "Herodot’s Hestia / Tabiti and Safa in the Ossetian Nartyada" [1]. The complexity, "multi-layered" nature of the object under study to this day keeps the discussion in the scientific community. Until now, there is no unequivocal answer about the origins of the appearance of Safa, his true essence, image and character, the etymology of the name. We aim to consider another version interpreting Safa's onomastics and his sacred functions, presented in the concept of the reknown linguist Tamerlan Aleksandrovich Guriev, subject it to scientific analysis and determine the degree of its integration into modern Ossetian studies. The novelty of the research lies in the undertaken cross-analysis of two different concepts of Safa advanced by T.A. Guriev and B.A. Alborov with the aim of finding a number of similar conclusions, to which both scientists at different times came completely independently, which, in turn, indirectly confirms their objectivity. A significant and basic difference in points of view (BA Alborov considered Safu to be derived from the proto-Jewish god Sabaoth, and T.A. Guriev ‒ the Scythian goddess Tabiti), did not prevent the scientists from coming to general conclusions. The most significant similarities between both concepts include the conclusion about Safa's solarity (though interpreted in different ways) and that the deity is in fact the result of masculinization.


Adam alemi ◽  
2021 ◽  
Vol 90 (4) ◽  
pp. 123-132
Author(s):  
R. Akhmaganbetov ◽  

The land conflict has long been a type of actual conflict. There are land conflicts of various levels in Kazakhstan. There are different points of view related to the land conflict. There are many prerequisites for the emergence of these views. The study examined the views of representatives of various political and philosophical trends related to the status of the earth. Representatives of the liberal trend consider land as capital. The analysis of the works of representatives of the liberal movement considering land as capital is carried out. Representatives of the socialist trend consider land as state property. Lenin's works deal with issues related to the resolution of the land conflict. Representatives of postcolonialism explain the emergence of the earthly conflict by the influence of colonial empires. In connection with the land conflict, the positions of the Alash intelligentsia are considered. Meanwhile, the analysis of differences in the views of socialists and the Alash intelligentsia in resolving the land conflict was carried out. In traditional Kazakh society, land is considered as a value. This is not consistent with the concepts of capital or property. The earth is considered as a sacred concept. A comparative analysis of such different points of view is carried out. The historical prerequisites for the emergence of a land conflict at the present time are considered.


Author(s):  
Aditya Budi ◽  
Mi Wang ◽  
Tianyuan Wang

In today’s increasingly competitive market, marketing a product or a service is getting tougher than before, especially in the industry domain of interaction digital media (IDM), which produces completely different types of digital goods. Knowing the key differences between them is vital, as it will allow IDM companies to position resources more effectively. Moreover, it will help get more profits from investments. Unfortunately, research done on this topic is still rare and inadequate. This chapter aims to give a comparative analysis between the digital products and services study from the perspective of marketing, in a bid to better understand their differences and similarities. The comparative analysis is divided into different stages according to the new digital goods development process. We use two case studies to support the points of view: WSJ.com and PayPal. Directions for future research are discussed at the end of this chapter.


2018 ◽  
Vol 10 (9) ◽  
pp. 3068 ◽  
Author(s):  
Alice Barreca ◽  
Rocco Curto ◽  
Diana Rolando

In the literature, several vulnerability/resilience indicators and indexes are based and assessed by taking into account and combining different dimensions. Housing vulnerability is one of these dimensions and is strictly related to the buildings’ physical features and to the socio-economic condition of their occupants. This research aims to study housing vulnerability in relation to the real estate market by identifying possible indicators and spatially analyzing their influence on property prices. Assuming the city of Turin and its territorial segmentation as a case study, spatial analyses were performed to take into account the presence of spatial dependence and to identify the variables that significantly influence the process of property price determination. The results of this study highlighted the fact that two housing vulnerability indicators, representative of fragile buildings’ physical features, were spatially correlated with property prices and had a significant and negative influence on them. In addition, their comparison with two social vulnerability indicators demonstrated that the presence of economical buildings and council houses was spatially correlated with the presence of people with a low education level. The results of the spatial regression model also confirmed that one of the social vulnerability indicators had the highest and most negative explanatory power in the property price determination process.


2018 ◽  
Vol 21 (2) ◽  
pp. 71-96 ◽  
Author(s):  
Ivan D. Trofimov ◽  
Nazaria Md. Aris ◽  
Dickson C. D. Xuan

Abstract This paper studies the relationship between residential property prices and macroeconomic and demographic determinants in Malaysia. In the years following the Asian financial crisis, property prices in Malaysia rose substantially, resulting in an affordability crisis and ultimately policy responses to the problem. Using unit root, Johansen-Juselius cointegration, VECM-based Granger causality tests and variance decomposition, and considering quarterly data that covers 2000-2015 period, we established that residential property price growth is principally driven by strong demographic performance and population growth and is backed by the low interest rate environment and rising consumer prices. Household income and level of GDP do not appear to contribute to property price growth. Certain distortions and asymmetries in the Malaysian real estate markets are documented: oversupply in the higher price segment of the market coupled with the lack of affordable housing in the lower price segment; household income growth lagging behind GDP and property price growth, thereby dampening housing demand; growing rental markets in major urban areas as a result of the affordability crisis; and a quality mismatch between buyers’ preferences and housing supply.


2020 ◽  
Vol 9 (1) ◽  
pp. 61-79
Author(s):  
Vesna Martin

AbstractInflation expectations are very important when it comes to monetary policy and its decisions. In countries which are applying inflation targeting, inflation expectations reflect prediction of economic agents of movement of inflation rate in mid and long term. Anchored inflation expectations and their movements within target tolerance band are pointing to effectiveness of the inflation targeting strategy. Consistent with the best international practice, after introducing the inflation targeting regime in January 2009, the National Bank of Serbia began monitoring and analysing inflation expectations of economic agents (financial sector, corporate sector, trade unions, and households). The aim of this paper is to analyse inflation expectations in Serbia, but also to give a comparative analysis of inflation expectation of other countries which are using inflation targeting and floating exchange rate, as is the case of the National Bank of Serbia.


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