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Urban Studies, Vol. 28, No. 4, 577-583 (1991)
DOI: 10.1080/00420989120080661

The Impact of Spatial-Temporal Interactions on Industrial Land Values

Joseph G. Kowalski

Southheld, Michigan. USA

Christos C. Paraskevopoulos

Department of Economics. York University, 4700 Keele Street, North York, Ontario M3J 1P3, Canada

This study examines the impacts of spatial and time-related variables on the price of industrially zoned acreage in a suburban submarket of the Detroit, Michigan, SMSA. First, a variant of the hedonic pricing model (HPM) is estimated which measures spatial and temporal explanatory variables separately. Second, another variant of the HPM is estimated which combines the measurement of one dimension of location and one dimension of time into a single explanatory variable (the ratio of distance to time).


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