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題名 Does the Minimum Lot Size Program Affect Farmland Values? Empirical Evidence Using Administrative Data and Regression Discontinuity in Taiwan
作者 林子欽
Lin, Tzu-Chin
張宏浩
Chang, Hung-Hao
貢獻者 地政系
關鍵詞 Minimum lot size program ; farmland values ; foreclosure auction data ; regression discontinuity design ; Taiwan
日期 2016-04
上傳時間 6-Jan-2022 16:24:02 (UTC+8)
摘要 This study empirically assesses the causal effect of the minimum lot size program on farmland values in Taiwan. A unique dataset of 4,032 parcels of farmland drawn from administrative foreclosure auction profiles between 2000 and 2008 and regression discontinuity design were applied to cope with the endogeneity issue of land use regulations. The results of the parametric and nonparametric estimations indicate that the minimum lot size program significantly increases farmland value by approximately 18% and 15%, respectively. Moreover, the program effect is more pronounced for farmland located in urban/suburban areas. In the absence of a tax effect and externality resulting from non‐agricultural activities, the significant program effect on farmland values is likely to result from the effect of the program on farmland`s option value for future development.
關聯 American Journal of Agricultural Economics, Vol.98, No.3, pp.785-801
資料類型 article
dc.contributor 地政系
dc.creator (作者) 林子欽
dc.creator (作者) Lin, Tzu-Chin
dc.creator (作者) 張宏浩
dc.creator (作者) Chang, Hung-Hao
dc.date (日期) 2016-04
dc.date.accessioned 6-Jan-2022 16:24:02 (UTC+8)-
dc.date.available 6-Jan-2022 16:24:02 (UTC+8)-
dc.date.issued (上傳時間) 6-Jan-2022 16:24:02 (UTC+8)-
dc.identifier.uri (URI) http://nccur.lib.nccu.edu.tw/handle/140.119/138689-
dc.description.abstract (摘要) This study empirically assesses the causal effect of the minimum lot size program on farmland values in Taiwan. A unique dataset of 4,032 parcels of farmland drawn from administrative foreclosure auction profiles between 2000 and 2008 and regression discontinuity design were applied to cope with the endogeneity issue of land use regulations. The results of the parametric and nonparametric estimations indicate that the minimum lot size program significantly increases farmland value by approximately 18% and 15%, respectively. Moreover, the program effect is more pronounced for farmland located in urban/suburban areas. In the absence of a tax effect and externality resulting from non‐agricultural activities, the significant program effect on farmland values is likely to result from the effect of the program on farmland`s option value for future development.
dc.format.extent 358556 bytes-
dc.format.mimetype application/pdf-
dc.relation (關聯) American Journal of Agricultural Economics, Vol.98, No.3, pp.785-801
dc.subject (關鍵詞) Minimum lot size program ; farmland values ; foreclosure auction data ; regression discontinuity design ; Taiwan
dc.title (題名) Does the Minimum Lot Size Program Affect Farmland Values? Empirical Evidence Using Administrative Data and Regression Discontinuity in Taiwan
dc.type (資料類型) article