Journal of Korean Society of Rural Planning (농촌계획)

Korean Society of Rural Planning (한국농촌계획학회)
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Analysis of Determinant Factors of Land Price in Rural Area Using a Hedonic Land Price Model and Spatial Econometric Models

헤도닉분석기법과 공간계량경제모형을 이용한 농촌지역 지가의 영향인자 분석

  • Suh, Kyo (Dept. of Rural Engineering, Chung-buk National University)
  • 서교 (충북대학교 지역건설공학과)
  • Published : 2005.09.25
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Abstract

Land prices reflect not only the uses of land, but the potential uses as well(Plantinga, 2002) so land values can be applied to very effective indices for deciding regional status and growing potential. The purpose of this study is to deduce determinant factors of regional land prices. Principal determinants of regional land prices are analyzed with a hedonic technique and spatial econometric models based on 2001 statistic data of Korea except large cities. The results provide the followings. 1. The spatial effect of rural regions are very little with adjacent regions. 2. The common index of land price is population density and other determinant factors are different depending on land uses.

Keywords

References

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