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Capitalisation of Single Farm Payment on farm price: an analysis of Swedish farm prices using farm-level data
Linnaeus University, Centre for labor policy research.
Högskolan i Jönköping, Internationella Handelshögskolan, IHH, Economics, Finance and Statistics.
2014 (engelsk)Inngår i: European Review of Agricultural Economics, ISSN 0165-1587, E-ISSN 1464-3618, Vol. 41, nr 2, s. 279-300Artikkel i tidsskrift (Fagfellevurdert) Published
Abstract [en]

This paper estimates capitalisation effects of farm attributes with a particular focus on the decoupled Single Farm Payment (SFP) on prices. The spatial analysis employs a sample of mainly small- and medium-sized Swedish farm transactions sold all across Sweden; the results from a spatial multiple-membership model suggest that decoupled SFP has no influence on farm prices. Prices are profoundly influenced by residential characteristics and accessibility to urban amenities. Spatial heterogeneity is found for both regional and local levels, and a large spatial spillover effect is found between neighbouring farms. Results are confirmed by sensitivity analyses.

sted, utgiver, år, opplag, sider
2014. Vol. 41, nr 2, s. 279-300
Emneord [en]
hedonic model, decoupled farm payments, spatial heterogeneity, multilevel
HSV kategori
Identifikatorer
URN: urn:nbn:se:hj:diva-21757DOI: 10.1093/erae/jbt021ISI: 000332731100005Scopus ID: 2-s2.0-84897800989OAI: oai:DiVA.org:hj-21757DiVA, id: diva2:641127
Tilgjengelig fra: 2013-08-15 Laget: 2013-08-15 Sist oppdatert: 2019-02-21bibliografisk kontrollert

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