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. Author manuscript; available in PMC: 2023 Feb 1.
Published in final edited form as: Land Econ. 2022 Feb 1;98(2):191–218. doi: 10.3368/le.98.2.050120-0062r1

Table IV.

RES Cluster-Adjusted (RESCA) Weighted Least Squares (WLS) Meta-regression Results.

VARIABLESa (1) (2) (3) (4) (5) (6)
Waterfronta 0.0828***
(0.018)		 0.0374*
(0.022)		 −0.0356
(0.050)		 0.0715*
(0.036)		 0.0080
(0.044)		 0.0829**
(0.031)
Midwesta −0.0204
(0.040)		 −0.0462
(0.036)		 −0.0475
(0.048)		 −0.1565***
(0.032)		 −0.1476***
(0.039)
Southa −0.0833***
(0.031)		 −0.1451***
(0.043)		 −0.1096
(0.081)		 −0.2600***
(0.037)		 −0.2495***
(0.044)
Westa −0.0607
(0.097)		 −0.0607
(0.098)		 −0.0595
(0.107)		 −0.3200***
(0.111)		 −0.4216***
(0.077)
Estuarya −0.0181
(0.020)		 −0.0534***
(0.020)
Waterfront × estuary 0.1019*
(0.055)		 0.0582
(0.050)
Mean clarity 0.0247
(0.037)		 0.0601***
(0.022)
Waterfront × mean clarity −0.0332
(0.032)		 −0.0317
(0.024)
Elasticity variance 2.22E-05
(2.18E-05)		 2.05E-05
(2.04E-05)		 2.01E-05
(2.01E-05)		 2.01E-05
(2.01E-05)		 1.91E-05
(1.93E-05)		 1.86E-05
(1.89E-05)
Time trend 0.0121***
(0.002)		 0.0158***
(0.002)
Linear-loga −0.0371
(0.040)		 −0.0953*
(0.049)
Lineara 0.0807
(0.091)		 0.0493
(0.052)
Log-lineara −0.0023
(0.005)		 −0.0001
(0.005)
Constant 0.0257
(0.016)		 0.1025***
(0.031)		 0.1755***
(0.055)		 0.1086
(0.098)		 0.1577***
(0.034)		 0.0034
(0.063)
Observations 260 260 260 260 260 260
Adjusted R-squared 0.101 0.146 0.159 0.148 0.201 0.222

Dependent variable: home price elasticity with respect to water clarity (Secchi disk depth).

***

p<0.01,

**

p<0.05,

*

p<0.1.

Clustered-robust standard errors in parentheses; clustered according to the K=66 study-housing market combinations. Weighted least squares regressions estimated using the “regress” routine in Stata 16 and defining analytical weights equal to the RESCA weights (see section 2).

(a)

Denotes independent variables that are dummy variables.