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.
|Status||Publicerad - 27 feb. 2019|
|Evenemang||Agricultural Land Markets – Recent Developments, Efficiency and Regulation: 165th EAAE seminar - Humboldt-Universität zu Berlin, Berlin, Tyskland|
Varaktighet: 4 apr. 2019 → 5 apr. 2019
|Seminarium||Agricultural Land Markets – Recent Developments, Efficiency and Regulation|
|Period||04/04/2019 → 05/04/2019|
- 511 Nationalekonomi