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Assessing the localization impact on land values: a spatial hedonic study

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Assessing the localization impact on land values: a spatial hedonic study

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dc.contributor.author Guadalajara Olmeda, María Natividad es_ES
dc.contributor.author Caballer, María-Teresa es_ES
dc.contributor.author Osca Lluch, José María es_ES
dc.date.accessioned 2020-07-14T03:31:16Z
dc.date.available 2020-07-14T03:31:16Z
dc.date.issued 2019 es_ES
dc.identifier.uri http://hdl.handle.net/10251/147919
dc.description.abstract [EN] The importance of spatial effects on arable land values has been well accepted in recent years. Consequently, the objective of the present study was to obtain spatial land valuing models using Geographic Information Systems (GIS), which collect spatial autocorrelation and improve the conventional models estimated by OLS (Ordinary Least Squares) to determine and quantify the factors explaining these values. To do so, the mean land values per municipality and the land uses published by the Aragonese Statistics Institute were used, as well as the geographic, agricultural, demographic, economic and orographic characteristics of these municipalities. The Spatial Lag Model and the Spatial Error Model were compared with OLS in general terms and for uses. The statistics (R2, log likelihood, Akaike¿s information criterion, Schwarz¿s criterion) demonstrated that spatial models always outperformed conventional models. The tests based on the Lagrange Multiplier and Likelihood Ratio tests were significant at 99%. The importance of both agricultural and non-agricultural factors for determining the arable land value was confirmed. The land value increased with irrigation availability (by a mean of 2.2-fold for the set of all land uses), plot size (by 5.7% for each 1 ha increase), population size, income and location in nature reserves (11.02-12.89%). This indicates the need to develop spatial models when modeling land prices by implementing GIS. es_ES
dc.language Inglés es_ES
dc.publisher Instituto Nacional de Investigacion y Tecnologia Agraria y Alimentaria es_ES
dc.relation.ispartof Spanish Journal of Agricultural Research (Online) es_ES
dc.rights Reconocimiento (by) es_ES
dc.subject Spatial autocorrelation es_ES
dc.subject Land valuation es_ES
dc.subject Land use es_ES
dc.subject Geographic information system es_ES
dc.subject Hedonic regression es_ES
dc.subject Ordinary least squares es_ES
dc.subject Spatial econometric model es_ES
dc.subject.classification ECONOMIA, SOCIOLOGIA Y POLITICA AGRARIA es_ES
dc.subject.classification PRODUCCION VEGETAL es_ES
dc.title Assessing the localization impact on land values: a spatial hedonic study es_ES
dc.type Artículo es_ES
dc.identifier.doi 10.5424/sjar/2019173-14961 es_ES
dc.rights.accessRights Abierto es_ES
dc.contributor.affiliation Universitat Politècnica de València. Departamento de Economía y Ciencias Sociales - Departament d'Economia i Ciències Socials es_ES
dc.contributor.affiliation Universitat Politècnica de València. Departamento de Producción Vegetal - Departament de Producció Vegetal es_ES
dc.description.bibliographicCitation Guadalajara Olmeda, MN.; Caballer, M.; Osca Lluch, JM. (2019). Assessing the localization impact on land values: a spatial hedonic study. Spanish Journal of Agricultural Research (Online). 17(3). https://doi.org/10.5424/sjar/2019173-14961 es_ES
dc.description.accrualMethod S es_ES
dc.relation.publisherversion https://doi.org/10.5424/sjar/2019173-14961 es_ES
dc.type.version info:eu-repo/semantics/publishedVersion es_ES
dc.description.volume 17 es_ES
dc.description.issue 3 es_ES
dc.identifier.eissn 2171-9292 es_ES
dc.relation.pasarela S\392336 es_ES


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