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A Unified Framework for Measuring Preferences for Schools and Neighborhoods AgEcon
Bayer, Patrick; Ferreira, Fernando; McMillan, Robert.
This paper sets out a framework for estimating household preferences over a broad range of housing and neighborhood characteristics, some of which are determined by the way that households sort in the housing market. This framework brings together the treatment of heterogeneity and selection that has been the focus of the traditional discrete choice literature with a clear strategy for dealing with the correlation of unobserved neighborhood quality with both school quality and neighborhood sociodemographics. We estimate the model using rich data on a large metropolitan area, drawn from a restricted version of the Census. The estimates indicate that, on average, households are willing to pay an additional one percent in house prices - substantially lower...
Tipo: Working or Discussion Paper Palavras-chave: Capitalization; Local public goods; School quality; Discrete choice models; Hedonic price regression; Education demand; Labor and Human Capital; D58; H0; H4; H7; I2; R21; R31.
Ano: 2003 URL: http://purl.umn.edu/28513
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COMPARING LAND VALUES AND CAPITALIZATION OF CASH RENTS FOR CROPLAND AND PASTURE IN GEORGIA AgEcon
Flanders, Archie; White, Fred C.; Escalante, Cesar L..
Nonagricultural factors impact land values to cause a divergence of discounted cash rents for agricultural land and land values. Focus is given to the portion of land values attributable to discounted cash rents. Unique characteristics for cropland and pasture lead to differences in capitalization rates. Nonagricultural factors are greatest for pasture. Keywords: land values, cash rents, capitalization, discounted cash rents, cropland, pasture
Tipo: Conference Paper or Presentation Palavras-chave: Land values; Cash rents; Capitalization; Discounted cash rents; Cropland; Pasture; Land Economics/Use.
Ano: 2004 URL: http://purl.umn.edu/34614
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Equilibrium of Land Values from Agricultural and General Economic Factors for Cropland and Pasture Capitalization in Georgia AgEcon
Flanders, Archie; White, Fred C.; Escalante, Cesar L..
Nonagricultural factors impact land values to cause a divergence of discounted cash rents for agricultural land and land values in Georgia. General economic factors are represented by per capita income in nonmetro areas. Cash rents for cropland and pasture have positive impacts on land values. Nonagricultural factors are stronger influences on land values than are cash rents. Greater effective demand exists for pasture than for cropland because pasture is subject to relatively more pricing pressure in northern counties with higher incomes and population. Increased land values have led to increased net wealth for Georgia agricultural producers.
Tipo: Journal Article Palavras-chave: Capitalization; Cash rent; Cointegration; Equilibrium; Error correction mechanism; Land values; Land Economics/Use.
Ano: 2004 URL: http://purl.umn.edu/59605
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Estrategia de financiamiento rural para la capitalización de las Unidades de Producción en el municipio de Zacualpan, Veracruz. Colegio de Postgraduados
Gutiérrez Castillo, Miguel Angel.
El presente documento tiene como objetivo analizar la situación en la que se encuentran las Unidades de Producción Rural (UPR) del municipio de Zacualpan y la relación que existe entre dicha situación y la migración en busca de recursos financieros para capitalizar las UPR. A lo largo de esta investigación se argumenta que la falta de empleo en las comunidades mantiene ingresos bajos en los habitantes imposibilitando la inversión en actividades agropecuarias. El marco conceptual se fundamentó en algunas de las teorías de financiamiento rural que podrían aplicarse en comunidades marginadas y que pueden evitar que las personas tomen la decisión de convertirse en migrantes temporales al no encontrar productos y servicios financieros cercanos. La totalidad...
Palavras-chave: Financiamiento Rural; Migración; Unidades de Producción; Capitalización; Trabajo; Rural Financing; Migration; Production Units; Capitalization; Job; Desarrollo Rural; Maestría.
Ano: 2013 URL: http://hdl.handle.net/10521/2210
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NORTH DAKOTA LAND VALUATION MODEL AgEcon
Aakre, Dwight G.; Saxowsky, David M.; Vreugdenhil, Harvey G..
North Dakota agricultural land is valued for property tax purposes as the capitalized value of the landowner's share of gross revenue. This paper describes the data sources, assumptions, and current issues relative to operating the model. Note: Machine readable file does not include the 4 appendix pages-- contact authors for more information.
Tipo: Working or Discussion Paper Palavras-chave: Agricultural land; Cropland; Tax; Assessed value; Valuation; Capitalization; Land value Note; Land Economics/Use.
Ano: 1997 URL: http://purl.umn.edu/23083
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THE VALUE OF WATER AS AN URBAN CLUB GOOD: A MATCHING APPROACH TO HOA-PROVIDED LAKES AgEcon
Abbott, Joshua K.; Klaiber, H. Allen.
Urban lakes located in arid environments require large quantities of water to maintain their water levels, with much of this water associated with high opportunity costs. Many of these lakes are manmade and provide various amenities to surrounding residents. In this paper we use matching techniques to recover the average capitalized value of lakes to surrounding communities and differentiate between community members and adjacent households to recover heterogeneous treatment effects. Importantly, we consider the role of both unobservable and observable features of matching to recover heterogeneous capitalization across lake communities. Our results suggest that the capitalized value of lakes to community residents is highly heterogeneous and ranges from an...
Tipo: Conference Paper or Presentation Palavras-chave: Matching; Treatment effects; Urban lakes; Capitalization; Environmental Economics and Policy; Political Economy; Resource /Energy Economics and Policy.
Ano: 2011 URL: http://purl.umn.edu/103781
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