Forskningsartikel2014Vetenskapligt granskad
Capitalisation of Single Farm Payment on farm price: an analysis of Swedish farm prices using farm-level data
Karlsson, Joel; Nilsson, Pia
Sammanfattning
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.
Nyckelord
hedonic model; decoupled farm payments; spatial heterogeneity; multilevel
Publicerad i
European Review of Agricultural Economics
2014, Volym: 41, nummer: 2, sidor: 279-300
UKÄ forskningsämne
Nationalekonomi
Publikationens identifierare
DOI: https://doi.org/10.1093/erae/jbt021
Permanent länk till denna sida (URI)
https://res.slu.se/id/publ/114091