The effects of use values, amenities and payments for public goods on farmland prices: Evidence from Poland

Bazyli Czyżewski , Radosław Trojanek , Anna Matuszczak

Abstract

The article contributes to the debate on how land prices are affected by production values, by farming subsidies and by environmental amenities. The authors carried out a comprehensive review of the literature on the actual determinants of land value and made an attempt to classify different approaches to this matter. Then they performed an empirical case study of the drivers of agricultural land values in a leading agricultural region of Poland. The aim of the study is to establish how the use values of land, amenities and policy payments contribute to land values in the Single Area Payment Scheme (SAPS), which operates in Poland. The study is based on a sample of 653 transactions during the years 2010–2013. A hierarchical regression (ML-IGLS method) was used, where the unobserved heterogeneity is attributed to the location-specific factors at different levels of analysis. Results indicate that the policy payments for public goods decapitalise the value of land, whereas the environmental amenities have a relatively strong influence on farmland prices.
Author Bazyli Czyżewski (WE / KEiRK)
Bazyli Czyżewski,,
- Department of Education and Personnel Development
, Radosław Trojanek (WZ / KM)
Radosław Trojanek,,
- Department of Microeconomics
, Anna Matuszczak (WE / KMiGŻ)
Anna Matuszczak,,
- Department of Macroeconomics and Agricultural Economics
Journal seriesActa Oeconomica, ISSN 0001-6373, (A 20 pkt)
Issue year2018
Vol68
No1
Pages135-158
Publication size in sheets1.15
Keywords in Englishland value, policy incidence, public goods, environmental amenities
ASJC Classification2002 Economics and Econometrics
DOIDOI:10.1556/032.2018.68.1.7
URL https://akademiai.com/doi/abs/10.1556/032.2018.68.1.7
Languageen angielski
Score (nominal)20
Score sourcejournalList
ScoreMinisterial score = 20.0, 27-03-2020, ArticleFromJournal
Publication indicators WoS Citations = 2; Scopus SNIP (Source Normalised Impact per Paper): 2018 = 0.778; WoS Impact Factor: 2017 = 0.402 (2) - 2017=0.417 (5)
Citation count*7 (2020-09-24)
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* presented citation count is obtained through Internet information analysis and it is close to the number calculated by the Publish or Perish system.
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