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Location determinants of agricultural land prices

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  • Pia Nilsson

    ()

  • Sara Johansson

    ()

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    Abstract

    Dieses Papier analysiert Determinanten von agrarwirtschaftlichen Landpreisen mit einem besonderen Fokus auf standort-spezifischen Faktoren. Ein asset-pricing Modell wird verwendet um agrarwirtschaftliche Preise in erwartete Erträge von der tatsächlichen Nutzung und der potenziellen Nutzung zu zerlegen. Das Modell wird im inter-regionalen Kontext geschätzt mit erklärenden Faktoren hinsichtlich der regionalen Variationen von agrarwirtschaftlicher Landproduktivität, Subventionen und städtischen Regionen in Beziehung gesetzt werden. Die Resultate zeigen dass sowohl agrarwirtschaftliche wie auch nicht-agrarwirtschaftliche Faktoren entscheidende Determinanten fuer den Preis sind. Anhand der marginalen Effekten zeigt sich dass agrarwirtschaftliche Faktoren in Gemeinden mit hohen Preisen entscheidend sind, wogegen in Gemeinden mit niedrigen Preisen agrarwirtschaftliche Subventionen der wichtigste Einflussfaktor ist. Copyright The Author(s) 2013

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    Bibliographic Info

    Article provided by Springer in its journal Jahrbuch für Regionalwissenschaft.

    Volume (Year): 33 (2013)
    Issue (Month): 1 (February)
    Pages: 1-21

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    Handle: RePEc:spr:jahrfr:v:33:y:2013:i:1:p:1-21

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    Web page: http://www.springer.com/economics/journal/10037

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    Related research

    Keywords: Land price; Asset pricing; Single farm payment; Quantile regression; Q11; Q15; Q24; R12;

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