【2019年10月23日】【建设管理与房地产系讲座】Energy performance certificates and its capitalization in housing values in Sweden
发布时间:10-22-19

题目:Energy performance certificates and its capitalization in housing values in Sweden

时间:2019年10月23日(周三)下午14:30-16:30

地点:同济大学经济管理学院

主持人:同济大学经管学院建筑管理与房地产系副系主任唐代中副教授

 

摘要:The impact on energy performance certificates on housing prices has been investigated extensively in recent years. However, the results from these investigations are mixed. We add to the literature by more specifically controlling for potential biases by employing a combination of alternative approaches to estimate the causal relationship between house prices and energy performance certificates. We use a traditional hedonic modeling approach, but we are additionally using propensity score methods to be able to compare treated houses with a control group. We also investigate the impact of outliers, spatial dependency, and parameter heterogeneity of our estimates. Moreover, we use quantile regression technique to test the hypothesis that the capitalization effect varies across the price distribution. Our results, analyzing more than 70,000 observations, indicate there is an upward bias if we are not controlling for outlier and selection bias. Regardless of the propensity score method approach, the results are lower than a model (around 3 percent capitalization compared to 6 percent). However, our results do not support that the impact of energy performance certificates varies in the price distribution. Consequently, the certificates are not differently capitalized in the high-end housing price segment. Finally, our results do not support the hypothesis that the energy performance certificate should be more capitalized into house prices in the northern and colder parts of Sweden than in the south of Sweden.

 

讲座人简介:Mats Wilhelmsson,瑞典皇家工学院建筑与建成环境学院常务副院长、教授。Wilhelmsson教授在2000年获得瑞典皇家工学院不动产经济学博士学位,2008年起为该校教授,2016年起担任该校建筑与建成环境(School of Architecture and Built Environment)学院的常务副院长。他还曾担任该校银行与金融研究中心主任。他的主要研究领域包括房地产、城市经济和环境经济。Wilhelmsson教授在Journal of Economic Geography、Journal of Urban Economics、Papers in Regional Science、Journal of Environmental Planning and Management、Journal of Housing Economics、Journal of Rural Studies、Journal of Housing and the Built Environment、Journal of Policy Modeling、Annals of Regional Science、Journal of Real Esate Research等多个环境类、区域科学类、城市研究类的国际知名学术期刊发表论文,并担任《Housing, theory and society》和《International Journal of Housing Markets and Analysis》等国际学术期刊的编委。

 

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