Multilevel Analysis of the Pressure of Agricultural Land Conversion, Degree of Urbanization and Agricultural Land Prices in Taiwan

Chun-Chang Lee, Yi-Xin Chen, Yun-Ling Wu, Wen-Chih Yeh and Chih-Min Liang
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Chun-Chang Lee: Department of Real Estate Management, National Pingtung University, Pingtung 90004, Taiwan
Yi-Xin Chen: Department of Real Estate Management, National Pingtung University, Pingtung 90004, Taiwan
Yun-Ling Wu: Department of Real Estate Management, National Pingtung University, Pingtung 90004, Taiwan
Wen-Chih Yeh: Department of Real Estate Management, HungKuo Delin University of Technology, New Taipei City 23654, Taiwan
Chih-Min Liang: Department of Public Finance and Tax Administration, National Taipei University of Business, Taipei City 10478, Taiwan

Land, 2020, vol. 9, issue 12, 1-21

Abstract: In 2000, to efficiently implement land-use policies, the Taiwanese government amended the Agricultural Development Act by easing restrictions on agricultural land purchases. As a result of increasing land development and investment needs, agricultural land prices have surged. This study aims to examine whether agricultural land prices in Pingtung County are affected by land control policy measures, the pressure of agricultural land conversion and the degree of urbanization. A multilevel analysis approach was used to analyze land price differences in townships in Pingtung County. The estimation results derived from the null model indicated significant differences between the mean land price in each administrative division. Specifically, the ratio of agricultural land prices affected by differences in Level 2 township-related factors was 21.8%, while the ratio of those affected by differences in Level 1 land-related factors was 78.2%. An empirical intercepts-and-slopes-as-outcomes regression model demonstrated that Level 2 township-related factors, such as the pressure of agricultural land conversion and the degree of urbanization, had cross-level, direct and positive impacts on agricultural land prices; while Level 1 land-related factors, such as lot size control measures on farmhouse construction and land-use zoning, had positive and significant impacts on agricultural land prices.

Keywords: land control policy; pressure of agricultural land conversion; degree of urbanization; agricultural land prices; multilevel analysis (search for similar items in EconPapers)
JEL-codes: Q15 Q2 Q24 Q28 Q5 R14 R52 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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