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

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Sammanfattning

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.
Originalspråkengelska
DOI
StatusPublicerad - 27 feb 2019
MoE-publikationstypEj behörig
EvenemangAgricultural Land Markets – Recent Developments, Efficiency and Regulation: 165th EAAE seminar - Humboldt-Universität zu Berlin, Berlin, Tyskland
Varaktighet: 4 apr 20195 apr 2019
https://www.agrar.hu-berlin.de/en/institut-en/departments/daoe/abl-en/eaae165/

Seminarium

SeminariumAgricultural Land Markets – Recent Developments, Efficiency and Regulation
LandTyskland
OrtBerlin
Period04/04/201905/04/2019
Internetadress

Vetenskapsgrenar

  • 511 Nationalekonomi

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