01775cas a2200253 a 4500 AALejournalIMF014363 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484364543 1018-5941 BD-DhAAL BD-DhAAL Silver, Mick. Commercial Property Price Indexes : Problems of Sparse Data, Spatial Spillovers, and Weighting / Mick Silver, Brian Graf. Washington, D.C. : International Monetary Fund, 2014. 1 online resource (30 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Transaction-price residential (house) and commercial property price indexes (RPPIs and CPPIs) have inherent problems of sparse data on heterogeneous properties, more so CPPIs. In an attempt to control for heterogeneity, (repeat-sales and hedonic) panel data regression frameworks are typically used for estimating overall price change. We address the problem of sparse data, demonstrate the need to include spatial price spillovers to remove bias, and propose an innovative approach to effectively weight regional CPPIs along with improvements to higher-level weighting systems. The study uses spatial panel regressions on granular CPPIs for the United States (US). Mode of access: Internet Graf, Brian. IMF Working Papers; Working Paper ; No. 2014/072 Full text available on IMF http://elibrary.imf.org/view/journals/001/2014/072/001.2014.issue-072-en.xml IMF e-Library