https://scholars.lib.ntu.edu.tw/handle/123456789/605885
標題: | Green Payment Programs and Farmland Prices —An Empirical Investigation | 作者: | Lee T.-H Lee B Su Y.-J HUNG-HAO CHANG |
關鍵字: | Farmland prices;Green payment programs;Semi-parametric smooth coefficient model;Taiwan | 公開日期: | 2022 | 卷: | 12 | 期: | 2 | 來源出版物: | Agriculture (Switzerland) | 摘要: | Research has examined the impact of green payment programs on agricultural and economic outcomes such as agricultural productivity and farm income. However, it is unclear whether these policies are capitalized into farmland prices. This paper provides some of the first evidence on the causal impact of green payment programs on farmland prices based on evidence from Tai-wan. Using administrative farmland transactions data with the ordinary least squares (OLS) method and the semi-parametric smooth coefficient model (SCM), we find that green payment programs increase farmland prices by an average of 3.9 percentage points in townships that implemented the policy. Moreover, the program’s effects on farmland prices are not homogenous, varying by farmland size. The magnitude of this effect is more pronounced on rural farmland prices and across quantiles of the farmland size distribution. ? 2022 by the authors. Licensee MDPI, Basel, Switzerland. |
URI: | https://www.scopus.com/inward/record.uri?eid=2-s2.0-85124143028&doi=10.3390%2fagriculture12020207&partnerID=40&md5=6bb28e8338b864cd74ee0f5c1366b1bd https://scholars.lib.ntu.edu.tw/handle/123456789/605885 |
ISSN: | 20770472 | DOI: | 10.3390/agriculture12020207 |
顯示於: | 農業經濟學系 |
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