Evaluation of the Contribution of Farmland Attributes to the Total Benefit from Its Contamination Remediation: Evidence from Taiwan

Pei-Ing Wu (), Ching-En Su, Je-Liang Liou and Ta-Ken Huang
Additional contact information
Pei-Ing Wu: Department of Agricultural Economics, National Taiwan University, Taipei 10617, Taiwan
Ching-En Su: Agricultural Policy Research Center, Agricultural Technology Research Institute, Taipei 106018, Taiwan
Je-Liang Liou: The Center for Green Economy, Chung-Hua Institution for Economic Research, Taipei 106220, Taiwan
Ta-Ken Huang: Department of Water Resources and Environmental Engineering, Tamkang University, New Taipei City 251301, Taiwan

Land, 2023, vol. 12, issue 5, 1-22

Abstract: This study fills the gap in the existing literature by developing a two-stage quantile spatial Durbin model to evaluate the benefit from the cancellation of controlled contaminated farmlands. The results of monetary benefit are to identify the contribution of farmland attributed to the change in the total benefit resulting from the cancellation of contaminated farmlands. The results show that the significant impacts are the attributes resulting from the size of the transacted farmland, the distance between the transacted farmland and the main traffic artery, and the price of the construction site where the transacted farmlands are located. The results indicate that for every 1000 square meter increase in farmland size, the farmland price increases by about 45–105% in the non-agricultural planning zone, the Taoyuan Aerotropolis life circle, and decreases by about 81–131% in the agricultural planning zones. Moreover, for the price quantiles of 50% and above, the total benefit from the announcement of contamination cancellation to the ensuing transaction is reflected by an increase in the transaction price of 1.67–12.98% of the total benefit for non-agricultural Taoyuan Aerotropolis life circle zoning. By contrast, the total benefit from the same action taken for the other three agricultural development life circles is reflected by a reduction in the transaction price of 1.89–134.89%. These results indicate that the cancellation of highly priced contaminated farmlands is not anticipated if they are planned for agricultural purposes.

Keywords: endogeneity; geographic information system; not-in-my-backyard; remediation of contaminated farmland; two-stage quantile regression; spatial Durbin model; spatial land planning (search for similar items in EconPapers)
JEL-codes: Q15 Q2 Q24 Q28 Q5 R14 R52 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.mdpi.com/2073-445X/12/5/967/pdf (application/pdf)
https://www.mdpi.com/2073-445X/12/5/967/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:gam:jlands:v:12:y:2023:i:5:p:967-:d:1133618

Access Statistics for this article

Land is currently edited by Ms. Carol Ma

More articles in Land from MDPI
Bibliographic data for series maintained by MDPI Indexing Manager ().