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題名 Does the Minimum Lot Size Program Affect Farmland Values? Empirical Evidence Using Administrative Data and Regression Discontinuity Design in Taiwan
作者 林子欽
Chang, Hung-Hao;Lin, Tzu-Chin
貢獻者 地政系
關鍵詞 Minimum lot size program;farmland values;foreclosure auction data;regression discontinuity design;Taiwan
日期 2015-11
上傳時間 25-Feb-2016 17:24:19 (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,
資料類型 article
DOI http://dx.doi.org/10.1093/ajae/aav064
dc.contributor 地政系
dc.creator (作者) 林子欽zh_TW
dc.creator (作者) Chang, Hung-Hao;Lin, Tzu-Chin
dc.date (日期) 2015-11
dc.date.accessioned 25-Feb-2016 17:24:19 (UTC+8)-
dc.date.available 25-Feb-2016 17:24:19 (UTC+8)-
dc.date.issued (上傳時間) 25-Feb-2016 17:24:19 (UTC+8)-
dc.identifier.uri (URI) http://nccur.lib.nccu.edu.tw/handle/140.119/81420-
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 318336 bytes-
dc.format.mimetype application/pdf-
dc.relation (關聯) American Journal of Agricultural Economics,
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 Design in Taiwan
dc.type (資料類型) article
dc.identifier.doi (DOI) 10.1093/ajae/aav064
dc.doi.uri (DOI) http://dx.doi.org/10.1093/ajae/aav064