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Analysis of Determinant Factors of Land Price in Rural Area Using a Hedonic Land Price Model and Spatial Econometric Models  

Suh, Kyo (Dept. of Rural Engineering, Chung-buk National University)
Publication Information
Journal of Korean Society of Rural Planning / v.11, no.3, 2005 , pp. 11-17 More about this Journal
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
Determinant factors; Hedonic technique; Land price; Spatial econometric models;
Citations & Related Records
Times Cited By KSCI : 1  (Citation Analysis)
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