Investigating the Determinants of Finnish Agricultural Land Prices Using Generalised Additive Model

Juho Valtiala, Sami Ovaska, Timo Sipiläinen

Tutkimustuotos: KonferenssimateriaalitKonferenssiesitys


The agricultural sector in Finland has witnessed a rapid structural change since the Finnish EUaccession. At the same time, agricultural land prices have increased considerably. Using a hedonic pricing model, we investigated the characteristics affecting the prices of parcels sold. We analysed a dataset consisting of over a thousand additional agricultural land transactions and discovered several regional and production related characteristics affecting prices. The generalised additive modelling framework enabled estimation of a regional price level as a smooth trend surface. The model captured spatial dependency in the prices while retaining the sensible interpretation of the results.
DOI - pysyväislinkit
TilaJulkaistu - 27 helmik. 2019
OKM-julkaisutyyppiEi sovellu
TapahtumaAgricultural Land Markets – Recent Developments, Efficiency and Regulation: 165th EAAE seminar - Humboldt-Universität zu Berlin, Berlin, Saksa
Kesto: 4 huhtik. 20195 huhtik. 2019


SeminaariAgricultural Land Markets – Recent Developments, Efficiency and Regulation


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