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Spatial spillovers in the implicit market price of soil erosion: an estimation using a spatio-temporal hedonic model

dc.rights.licenseAttribution-NonCommercial-NoDerivatives 4.0 Internacional*
dc.contributor.authorCaffera, Marcelo
dc.contributor.authorVásquez Lavín, Felipe
dc.contributor.authorRodríguez Anza, Daniel
dc.contributor.authorCarrasco-Letelier, Leonidas
dc.contributor.authorHernández, José Ignacio
dc.contributor.authorBuonomo, Mariela
dc.date.accessioned2022-07-08T13:19:54Z
dc.date.available2022-07-08T13:19:54Z
dc.date.issued2019es
dc.identifier.urihttps://hdl.handle.net/20.500.12806/1371
dc.description.abstractWe estimate the implicit market price of soil erosion, fitting a spatio-temporal hedonic price model using quarterly data of 3,563 agricultural farms traded in Uruguay between 2000 and 2014. A unique feature of our estimation is that we allow for possible spatial spillovers. We find evidence of a negative and statistically significant association between erosion and land values. A 1% increase in own topsoil loss due to own erosion is associated with a decrease of 0.22% in the per-hectare price of agricultural land (p-value: 0.013, 95% CI: -0.0039, -0.0005). This is equivalent to a decrease of 7.7 USD in the average price per hectare and USD 1,040 in the price of the average farm (134 hectares). This value increases to USD 1,277 when we add the average cross marginal effect of erosion in nearby farms. Our estimates are sensitive to our measure of erosion and our specification of the spatio-temporal weighting matrix. We also find evidence consistent with our hypothesis that farms entering a governmental erosion control plan sent a valuable signal to the market regarding soil management. An indicator of whether the farm has at least one parcel under the government erosion control plans is associated with a 29% increase in the farm´s per-hectare price (p-value: 0.000, 95% CI: 16.26%, 41.53%) higher than those with no parcel under these plans. The average total marginal effect (own plus cross effects) of the erosion control plans is 35.37% (p-value: 0.000, 95% CI: 20.33%, 50.40%).es
dc.format.extent36 p.es
dc.format.mimetypeapplication/pdfes
dc.languageenges
dc.publisherUniversidad de Montevideo, Facultad de Ciencias Empresariales y Economía, Departamento de Economíaes
dc.relation.ispartofDocumentos de trabajo del Departamento de Economíaes
dc.rightsAbiertoes
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/4.0/*
dc.subjectSpatial spilloverses
dc.subjectSpatio-temporal hedonic modeles
dc.subjectSoil erosiones
dc.subjectFarmland valueses
dc.subjectUruguayes
dc.titleSpatial spillovers in the implicit market price of soil erosion: an estimation using a spatio-temporal hedonic modeles
dc.typeDocumento de trabajoes
dc.contributor.filiacionCaffera, Marcelo. Universidad de Montevideo, Uruguayes
dc.contributor.filiacionRodriguez Anza, Daniel. Universidad de Montevideo, Uruguayes
dc.type.versionPublicadaes

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Attribution-NonCommercial-NoDerivatives 4.0 Internacional
Except where otherwise noted, this item's license is described as Attribution-NonCommercial-NoDerivatives 4.0 Internacional