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    Please use this identifier to cite or link to this item: http://nccur.lib.nccu.edu.tw/handle/140.119/81420


    Title: Does the Minimum Lot Size Program Affect Farmland Values? Empirical Evidence Using Administrative Data and Regression Discontinuity Design in Taiwan
    Authors: 林子欽
    Chang, Hung-Hao;Lin, Tzu-Chin
    Contributors: 地政系
    Keywords: Minimum lot size program;farmland values;foreclosure auction data;regression discontinuity design;Taiwan
    Date: 2015-11
    Issue Date: 2016-02-25 17:24:19 (UTC+8)
    Abstract: 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.
    Relation: American Journal of Agricultural Economics,
    Data Type: article
    DOI 連結: http://dx.doi.org/10.1093/ajae/aav064
    DOI: 10.1093/ajae/aav064
    Appears in Collections:[地政學系] 期刊論文

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