Rente foncière et anticipations dans le périurbain
Ghislain Geniaux () and
Claude Napoleone ()
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Ghislain Geniaux: ECODEVELOPPEMENT - Unité de recherche d'Écodéveloppement - INRA - Institut National de la Recherche Agronomique
Claude Napoleone: ECODEVELOPPEMENT - Unité de recherche d'Écodéveloppement - INRA - Institut National de la Recherche Agronomique
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Abstract:
Urban sprawl modifies the structure of areas far beyond the actual urban cores, especially via agricultural and residential land markets in peri-urban areas. For an explicit examination of anticipations made on the future use of arable lands, we develop a two-stage hedonic model with a Box-Cox transformation of the endogenous variable, control of heteroscedasticity and of spatial autocorrelation. Ourestimates are based on transactions in agricultural and urban land over 10 years on real estate markets in the Bouches-du-Rhône département, and on detailed descriptions of the environment of the property concerned, obtained through a Geographical Information System. We demonstrate that anticipation effects have a predominant impact on the market in agricultural land and that the institutionalregulation ofthis marketby land-useplans isnot sufficient tokeepthem undercontrol
Keywords: SPATIAL HEDONIC ANALYSIS; LAND RENT; PERI-URBAN AREAS; LAND USE; PROPERTY MARKET; ANALYSE HEDONIQUE SPATIALISEE; ANTICIPATION; PERIURBAIN; RENTE FONCIERE; VOCATION DES SOLS; TERRES AGRICOLES (search for similar items in EconPapers)
Date: 2005
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Published in Economie et Prévision, 2005, 2 (168), pp.77-95
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-02671290
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