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EFFECTS OF OWNERSHIP RESTRICTIONS ON FARMLAND VALUES IN SASKATCHEWAN AgEcon
Carlberg, Jared G..
Restrictions on the ownership of farmland by nonresidents of Saskatchewan were imposed by the Farmland Security Act (FSA) in 1974. The FSA has been blamed by some observers for depressed provincial land values. An adaptive expectations present value model is developed to estimate the effects of the FSA, with the province of Alberta included as a control. Results of seemingly unrelated regressions and generalized autoregressive conditional hetereoscedasticity estimates find no statistically significant effect of the FSA on the value of land in Saskatchewan. This may indicate that the effect of the regulatory change is too small to be measured accurately.
Tipo: Journal Article Palavras-chave: Adaptive expectations; Farmland Security Act; Generalized autoregressive conditional heteroscedasticity; Present value; Seemingly unrelated regressions; Land Economics/Use; C51; G21; Q18.
Ano: 2002 URL: http://purl.umn.edu/15473
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Potential for Carbon Forest Plantations in Marginal Timber Forests: The Case of Patagonia, Argentina AgEcon
Sedjo, Roger A..
With the advent of the Kyoto Protocol and its recognition of the use of forestry activities and carbon sinks as acceptable tools for addressing the issue of the build-up of atmospheric carbon, the potential role of planted forests as a vehicle for carbon sequestration has taken on a new significance. Additionally, the emergence of tradable emission permits and now tradable carbon offsets provides a vehicle for financially capturing the benefits of carbon emission reductions and carbon offsetting activities. In a world where carbon sequestration has monetary value, investments in planted forests can be made with an eye to revenues to (at least two) joint outputs: timber and the carbon sequestration services. The first section of this paper examines the...
Tipo: Working or Discussion Paper Palavras-chave: Carbon sequestration; Forest plantations; Carbon offsets; Present value; Kyoto Protocol; Argentina; Developing countries; Environmental Economics and Policy; Q15; Q20; Q23.
Ano: 1999 URL: http://purl.umn.edu/10661
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