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1.
Factors Influencing Illinois Farmland Values 总被引:3,自引:0,他引:3
Haixiao Huang Gay Y. Miller Bruce J. Sherrick Miguel I. Gómez 《American journal of agricultural economics》2006,88(2):458-470
A hedonic model of Illinois farmland values is estimated using county-level cross-section time-series data. Explanatory variables include land productivity, parcel size, improvements, distances to Chicago and other large cities, an urban–rural index, livestock production through swine operation scale and farm density measures, population density, income, and inflation. The inclusion of spatial and serial correlation components substantially improves the model fit. Farmland values decline with parcel size, ruralness, distance to Chicago and large cities, and swine farm density, and increase with soil productivity, population density, and personal income. 相似文献
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Yu Sheng Thomas Jackson Kenton Lawson 《The Australian journal of agricultural and resource economics》2018,62(2):237-255
Access to transport infrastructure generates a range of benefits to the agriculture sector; many of which are difficult to measure directly. In this study, we use hedonic regression analysis of farm‐level data to examine the contribution of transport infrastructure to the value of farmland traded between 2009 and 2011 through its impact on farm productivity. We show that a one per cent reduction in the cost of transportation between farms and ports leads to a 0.33 per cent increase in land prices, and there is no significant difference between rail and road transportation at the aggregate level. Moreover, the benefits generated by particular types of infrastructure services vary between industries and with farm size, suggesting there are multiple channels through which public infrastructure influences agricultural production. Our findings help to inform future investment decisions in Australia and in other countries by providing new evidence regarding the benefits of existing transport infrastructure. 相似文献
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Parvin Mahmoudi Darla Hatton MacDonald Neville D. Crossman David M. Summers John van der Hoek 《The Australian journal of agricultural and resource economics》2013,57(1):38-59
Most Australian capital cities require many 100,000s of additional dwellings to accommodate demographic change and population pressures in the next two or three decades. Urban growth will come in the form of infill, consolidation and urban expansion. Plans to redevelop environmental amenities such as parks and open green spaces are regularly being put forward to local councils and State governments. Maintaining parks and reserves represents one of the largest costs to local councils. To aid in the evaluation of some of the different propositions, we report the results of a spatial hedonic pricing model with fixed effects for Adelaide, South Australia. The results indicate that the private benefits of a close proximity to golf courses, green space sporting facilities, or the coast, are in the order $0.54, $1.58, and $4.99 per metre closer (when evaluated at the median respectively). The historic Adelaide Parklands add $1.55 to a property’s value for each additional metre closer. We demonstrate how the estimated model could be used to calculate how local private benefits capitalized in property values change with changes in the configuration of a park. 相似文献
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Sorada Tapsuwan Gordon Ingram Michael Burton Donna Brennan 《The Australian journal of agricultural and resource economics》2009,53(4):527-545
Up to 60 per cent of potable water supplied to Perth, Western Australia, is extracted from the groundwater system that lies below the northern part of the metropolitan area. Many of the urban wetlands are groundwater‐dependent and excessive groundwater extraction and climate change have resulted in a decline in water levels in the wetlands. In order to inform decisions on conserving existing urban wetlands, it is beneficial to be able to estimate the economic value of the urban wetlands. Applying the Hedonic Property Price approach to value urban wetlands, we found that distance to the nearest wetland and the number of wetlands within 1.5 km of a property significantly influence house sales price. For a property that is 943 m away from the nearest wetland, which is the average distance to the wetland in this study, reducing the wetland distance by 1 m will increase the property price by AU$42.40. Similarly, the existence of an additional wetland within 1.5 km of the property will increase the sales price by AU$6976. For a randomly selected wetland, assuming a 20 ha isolated circular wetland surrounded by uniform density housing, the total sales premium to surrounding properties was estimated to be around AU$140 million (AU$40 million and AU$230 million). 相似文献
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Prasad Neelawala Clevo Wilson Wasantha Athukorala 《The Australian journal of agricultural and resource economics》2013,57(1):60-78
Much publicity has been given to the problem of high levels of environmental contaminants, most notably high blood lead concentration levels among children in the city of Mount Isa because of mining and smelting activities. The health impacts from mining‐related pollutants are now well documented. This includes published research being discussed in an editorial of the Medical Journal of Australia (see Munksgaard et al. 2010 ). On the other hand, negative impacts on property prices, although mentioned, have not been examined to date. This study rectifies this research gap. This study uses a hedonic property price approach to examine the impact of mining‐ and smelting‐related pollution on nearby property prices. The hypothesis is that those properties closer to the lead and copper smelters have lower property (house) prices than those farther away. The results of the study show that the marginal willingness to pay to be farther from the pollution source is AUS $13 947 per kilometre within the 4 km radius selected. The study has several policy implications, which are discussed briefly. We used ordinary least squares, geographically weighted regression, spatial error and spatial autoregressive or spatial lag models for this analysis. 相似文献
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《Journal of Property Research》2012,29(4):305-321
This paper examines the pattern and persistence of changes in price indexes of Singapore private housing, office space, shop space and industrial properties. Unit root tests find convincing evidence of non‐stationarity in all four sectors' quarterly prices. However, more detailed analysis of the autoregressive coefficient estimate, using recently developed methods that are robust to near unit‐root possibilities, reveals clear differences between residential and the non‐residential property price indexes. Three distinct types of dynamic behaviour can be discerned, characterized by the shape of the empirical impulse response function. Only private residential prices are clearly non‐stationary. For shop space, a stationary model is indicated, while the remaining two categories – namely office space and industrial property – are more likely to be near‐unit root processes depicting a high degree of persistence. Further analysis reveals hump‐shaped empirical impulse responses in the office space and industrial property price series. 相似文献
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城市教育配套对住宅价格的影响:基于公共品资本化视角的实证分析 总被引:4,自引:0,他引:4
研究目的:验证杭州市区内各类教育配套对住宅价格的影响,并定量评估教育设施的资本化效应程度。研究方法:特征价格法。研究结果:教育设施对住宅价格具有正向的资本化效应。小学和初中存在显著的学区效应,小学质量、初中质量每上升1个等级,将给其学区内的住宅价格带来2.3%或2.6%的增幅。幼儿园、高中和大学则通过可达性提高了周边住宅的价格,小区1 km 范围内每增加一所幼儿园,住宅总价上升0.1%;处于高中或大学1 km 范围内,住宅总价分别上升1.8%和2.1%。研究结论:证实了教育设施对住宅价格的正向影响,购房者和投资者愿意为教育质量或可达性支付附加价格。 相似文献
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Jacobo Núñez;David Martín-Barroso;Francisco J. Velázquez; 《Agricultural Economics》2024,55(2):247-264
This paper carries out a thorough review of the literature on the estimation of hedonic price functions in the wine market, compiling and carefully documenting all research work on the subject. The review analyses the main methodological decisions taken by the different authors, as well as the typology of the available databases: identification of the relevant market, specification of the price function, sources and types of prices, econometric methodology, and type of publication. The variance decomposition analysis of the Adjusted-R-squared values from the estimated hedonic price functions suggests that attribute selection, the definition of the product market, the characteristics of information sources, and the implemented econometric procedures are the most relevant factors in explaining the models’ explanatory power. 相似文献
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[目的]产业空间匹配是产业发展的重要影响因素,产业发展与区域优势要素相匹配有助于缩小地区间经济水平差距,达到均衡发展状态。[方法]文章从水土资源匹配和产业相对优势匹配两个角度定义了农业空间匹配质量,以长三角为例量化该地区41个地级市的匹配质量,随后采用空间滞后模型对农业空间匹配质量的经济增长效应进行了实证分析。[结果]结果显示农业水土资源匹配度对长三角农业经济增长效应为-0.146 4,空间计量模型的空间滞后影响力为0.27。长三角各地区农业水土资源匹配状况总体趋势上表现出先提高后降低的趋势,2011—2015年达到最大值。[结论]水土资源匹配度对长三角农业经济增长具有显著的负向影响,而相对优势匹配度对农业经济增长的影响不显著。增长模型中体现了空间的适应性,形成了良好的产业空间集聚。科技、劳动力和城市化都是其主要的驱动力,推动着水土资源匹配度在不同时期的变化。 相似文献
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《Journal of Property Research》2012,29(4):333-359
Recent ready access to free software and toolbox applications is directly impacting spatial econometric modelling when working with geolocated data. Spatial econometric models are valuable tools for taking into account the possible latent structure of the price determination process and ensuring that the coefficients estimated are unbiased and efficient. However, mechanical applications can potentially bias estimated coefficients if spatial data is pooled over time because the applications consider the spatial dimension alone. Spatial models neglect the fact that data (e.g. real estate) may consist of a collection of spatial data pooled over time, and that time relations generate a unidirectional effect as opposed to the multidirectional effect associated with spatial relations. Through an empirical case study, this paper addresses the possible bias in spatial autoregressive estimated parameters when data consist of spatial layers pooled over time. An empirical study is made using apartment sales in Paris between 1990 and 2001. Estimation results and out-of-sample predictions confirm, at least for this case, the hypothesis that ignoring the time dimension and applying spatial econometric tools generate divergence among the estimated autoregressive coefficients, which can potentially engender other serious problems. 相似文献
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Sören Gröbel 《Journal of Property Research》2019,36(1):1-26
This paper examines the spatial dependency exhibited by the error term variance of hedonic modeling based on German housing price data. To this end, it applies the spatial autoregressive conditional heteroscedasticity (SARCH) model previously discussed in housing literature, which allows for the consideration of spatial dependency when modeling the error variance of hedonic pricing. This model represents a spatialized version of the well-known ARCH-model used in time series analysis. Consistent with previous findings, this paper confirms the existence of spatial conditional heteroscedasticity, i.e. dependency in the error variance. However, this spatial dependency is not a global phenomenon, but can be ascribed to spatial concentrations of apartments with a relatively high variance in a small number of the same neighborhoods. The analysis of spatial heteroscedasticity helps to improve the estimation efficiency and prediction accuracy. In addition, spatial differences can be used to account for idiosyncratic risk when conducting mass appraisal. 相似文献
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The concept of curb appeal and its impact on property values has been largely neglected in the real estate literature. In the context of retail real estate, curb appeal represents the general attractiveness of a store as viewed from the sidewalk or parking lot that is expected to affect consumer patronage decisions and consequently property values. We first develop a measurement instrument for curb appeal and assess its validity using exploratory and confirmatory factor analysis. Our results suggest that curb appeal is multidimensional and consists of an atmospheric, architectural and authenticity dimension. Then, we use survey responses, transaction data and spatial regression to quantify the impact of curb appeal on sales prices. We find that the atmospheric and architectural dimensions have a significantly positive impact on sales prices. We also show that curb appeal dimensions are highly correlated with observable building features traditionally included in hedonic pricing models. 相似文献
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[目的]确定农村集体商服用地、工业用地价格的影响因素,为科学评估农村集体经营性建设用地地价、构建城乡统一建设用地市场提供参考。[方法]利用全国农村土地使用制度改革试点之一的江西省余江县179个交易案例,运用特征价格模型分析农村集体商服用地、工业用地价格的影响因素及各类因素的贡献率。[结果](1)农村集体商服用地价格的主要影响因素依次为乡镇财政收入、人均纯收入、到客运站距离、到国道的距离、教育设施;农村集体工业用地价格的主要影响因素依次为人均纯收入、人均农村居民点面积、到客运站的距离、到国道的距离。(2)社会经济因素、区位交通因素和公共设施因素对集体商服用地价格的贡献度分别为69. 0%、20. 4%和10. 6%;社会经济因素和区位交通因素对集体工业用地价格的贡献度分别为52. 8%和47. 2%。[结论]总体上与国有城镇建设用地价格存在共性规律,但存在部分因素与国有建设用地价格规律存在差异,农村集体经营性建设用地估价不宜完全套用城镇建设用地的思路。 相似文献
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本文利用网络爬虫技术搜集武汉市主城区房价样本,采集2014年9月-2015年9月的房价数据和相应的社会经济地理数据。本文首先探索武汉市主城区住宅价格的空间分布形态;然后,根据模型比较选取最优空间模型,并筛选影响房价空间分异的显著性因子。研究结果表明:(1)武汉市主城区房价主要呈现多中心集聚的空间格局。(2)地理加权回归模型比克里格插值和多元线性模型更准确地捕捉房价空间分异特征。(3)总楼层因子,城市中心、轨道交通、主干道、综合商场、基础教育、开敞空间(包括长江、湖泊、公园绿地、城市广场)的可达性因子能够显著影响房价的梯度变化,其影响系数的空间波动也证明影响因子在不同城市区位对房价变化的影响程度的差异性。 相似文献
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It is well known that the price of a food in general and fish in particular is a function of a number of attributes such as species, product form, processing form and size. However, limited attention has been given to the influence of private labels, production method, eco‐labels and promotions. We use a unique dataset which identifies these attributes in the German seafood market. We estimate a hedonic price function, and our results highlight the importance of brand and labels for seafood prices in Germany. Our results also suggest that private label products are discounted by 20%, while branded products achieve substantial price premiums, as do fish products from aquaculture. 相似文献
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研究目的:在明晰城市地价空间非平稳格局形成机制的基础上,探索将空间计量经济学前沿技术首次应用于国内地价研究,改进当前常用的地价估计方法及模型,提升地价空间测度的科学性与准确性,为实现对地价空间格局更科学系统的认知及城市空间资源精细化管理提供参考。研究方法:多尺度地理加权回归—空间自回归模型(MGWRSAR模型)。研究结果:(1)区位引导地价形成空间依赖性和异质性非平稳并存的特征。(2)目前既有研究中地价空间格局测度的模型方法未同时考虑两类空间属性参数异构的情况,存在无法测度地价空间依赖强度动态变化的缺陷,模型估计的偏差降低了地价空间研究的准确度。(3)实证结果表明,相较于常用的空间计量模型,MGWR-SAR模型在地价空间非平稳格局测度及决定因素研究中的估计效果更佳。研究结论:未来可采用MGWR-SAR模型提高地价空间测度研究的准确性,并且该模型在其他地理要素空间测度上也具有一定适用性,可为其研究提供技术参考。 相似文献
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目的 基于中国省际面板数据,采用相对价格法测算2001年1月至2017年12月中国家禽市场分割指数,在此基础上使用阿尔蒙分布滞后模型检验了高致病性禽流感对中国家禽市场分割程度的冲击及滞后性影响。方法 文章运用相对价格法测算家禽分割指数,同时使用阿尔蒙分布滞后模型进行计量回归。结果 研究发现,高致病性禽流感对家禽市场造成严重负向冲击:不仅在短时间内阻碍省际间家禽市场流通,更是长期加剧省际家禽市场的分割。疫情发生的当月禽类感染型禽流感对家禽市场分割程度的影响小于人感染型禽流感;随着滞后期的推移,禽类感染型禽流感对家禽市场分割程度造成的即期滞后影响和累积滞后影响均大于人感染型禽流感。结论 中国政府不仅要关注高致病性禽流感发生时疫情的防控和家禽养殖户的补偿,也要充分考虑疫情结束后停养、休市、限运等政策对家禽市场带来的滞后性影响,完善补偿和市场价格机制,正确引导家禽养殖户以及其他利益相关者恢复信心,确保家禽市场稳定。 相似文献
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钟国辉 《国土资源科技管理》2016,(5):44-49
通过考虑空间溢出性,构建固定效应空间滞后模型,并利用2009—2014年省级面板数据研究农地征收、农地流转对农民人均收入的影响。研究发现:农地征收面积每提高1%,农民人均收入将会降低0.039%,表明农地征收会降低农民人均收入;农地流转面积每提高1%,农民人均收入将会提高0.011%,表明农地流转有利于农民收入的提高。因此农地在征收过程中,应提高土地补偿费及农民就业能力,保障农民利益不受损,同时积极稳妥推进农地有序流转,形成规模经营。 相似文献
20.
《Journal of Property Research》2012,29(3):193-216
The aim of this study is to investigate whether offices in the UK with an environmental label command price premiums when compared to non-labelled offices. The de facto standard for sustainability in the UK is the Building Research Establishment Environmental Assessment Method (BREEAM). BREEAM is a building quality indicator that investigates a range of environmental criteria, awards credits based on the degree to which these criteria are represented in a building and then awards a rating based on the total number of credits that have been achieved. This research investigates the effect of BREEAM ratings on observed contract rents in the UK and as such provides a potentially stronger empirical test of the hypothesis than previous appraisal-based studies. The market impact of BREEAM ratings is investigated, using a control sample of non-BREEAM-rated office buildings throughout the UK. To achieve this, a data set is used that contains 19,509 commercial office lease transactions that were completed from 2006 to 2010. The results indicate that a premium exists for BREEAM-certified buildings. The results also indicate that the premium shows variations during the study period and that premiums vary depending on the year of construction and certification. 相似文献