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标题：IMPACTS OF AGRICULTURAL POLICY REFORM ON LAND PRICES: A QUANTITATIVE ANALYSIS OF THE LITERATURE
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作者：Oltmer, Katrin ; Florax, Raymond J.G.M.
期刊名称：Journal of Food Distribution Research
印刷版ISSN：0047-245X
出版年度：2001
期号：SUPPL
出版社：Food Distribution Research Society
摘要：Agricultural policy support to farmers is being reconsidered in most industrialized countries. Theadverse incentive structure of price support is generally considered to be inadequate. Income supportschemes may therefore be preferable in view of externalities of agricultural production such as thedevelopment and maintenance of nature. A plethora of studies comprises estimates of the impact of asustained future benefit stream (among other things through continued price and income support) onland prices. The empirical results of these studies vary considerably. We apply meta-analyticalmethods to identify the factors explaining this variation in capitalization of future benefits in agriculturalland prices. The resultant information is of crucial importance given the current change from pricesupport to income support in agricultural policymaking. The results of the meta-analysis show thatthere is considerable variation due to the way in which income is taken into account, and the way inwhich expectations of future benefits are operationalized. There is also evidence that a change from amixed price and income support scheme to a system of income support will result in substantially lowercapitalization in land values.
关键词：land price; government subsidies; meta-analysis; agricultural policy reform