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A comparison of farmland value determinants in Chile between 1978-1998 and 1999-2008 Ciencia e Investigación Agraria
Donoso,Guillermo; Cancino,José; Olguín,Ricardo; Schonhaut,Daniela.
Research on the determinants that influence the price of farmland has found renewed interest in the past decade because agricultural land values are an important source of information for tracing the distribution of benefits generated by agricultural growth. This study's objective is to identify the determinants of the value of agricultural land in Chile for the periods 1978-1998 and 1999-2008 to analyze the evolution of the factors that determined the price of agricultural land between these two periods. The explanatory power of the estimated hedonic land price model is significantly greater for the period 1978-1998 (R²= 67%). The lower explanatory power of the model for the period 1999-2008 (R²= 29%) indicates that factors not accounted for in the model...
Tipo: Journal article Palavras-chave: Agricultural land value; Determinants of agricultural land value; Hedonic agricultural land value model.
Ano: 2013 URL: http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0718-16202013000100007
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