The value of rural landscape in Aquitania (Colombia): application of spatial hedonic models in real estate analysis

ABSTRACT: This study addresses the marginal economic value of environmental amenities, structural characteristics, neighborhood facilities, and accessibility on property in Aquitania - Colombia. Based on 400 assessed values of rural land property and on 21 characteristic variables of land amenities...

Full description

Autores:
Cañón, Julio
Plata Fajardo, Ana Milena
Lafortezza, Raffaele
Tipo de recurso:
Article of investigation
Fecha de publicación:
2015
Institución:
Universidad de Antioquia
Repositorio:
Repositorio UdeA
Idioma:
eng
OAI Identifier:
oai:bibliotecadigital.udea.edu.co:10495/36882
Acceso en línea:
https://hdl.handle.net/10495/36882
Palabra clave:
Colombia
División de tierras
Land subdivision
Economía rural
Rural economy
Consolidación de tierras
Consolidation of land holdings
Bienes raíces
Real property
Rights
openAccess
License
https://creativecommons.org/licenses/by/4.0/
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network_acronym_str UDEA2
network_name_str Repositorio UdeA
repository_id_str
dc.title.spa.fl_str_mv The value of rural landscape in Aquitania (Colombia): application of spatial hedonic models in real estate analysis
dc.title.translated.spa.fl_str_mv El valor del entorno rural en Aquitania (Colombia): aplicación de modelos espaciales hedónicos en el análisis de bienes raíces
title The value of rural landscape in Aquitania (Colombia): application of spatial hedonic models in real estate analysis
spellingShingle The value of rural landscape in Aquitania (Colombia): application of spatial hedonic models in real estate analysis
Colombia
División de tierras
Land subdivision
Economía rural
Rural economy
Consolidación de tierras
Consolidation of land holdings
Bienes raíces
Real property
title_short The value of rural landscape in Aquitania (Colombia): application of spatial hedonic models in real estate analysis
title_full The value of rural landscape in Aquitania (Colombia): application of spatial hedonic models in real estate analysis
title_fullStr The value of rural landscape in Aquitania (Colombia): application of spatial hedonic models in real estate analysis
title_full_unstemmed The value of rural landscape in Aquitania (Colombia): application of spatial hedonic models in real estate analysis
title_sort The value of rural landscape in Aquitania (Colombia): application of spatial hedonic models in real estate analysis
dc.creator.fl_str_mv Cañón, Julio
Plata Fajardo, Ana Milena
Lafortezza, Raffaele
dc.contributor.author.none.fl_str_mv Cañón, Julio
Plata Fajardo, Ana Milena
Lafortezza, Raffaele
dc.contributor.researchgroup.spa.fl_str_mv Grupo de Investigación en Gestión y Modelación Ambiental (GAIA)
dc.subject.lemb.none.fl_str_mv Colombia
División de tierras
Land subdivision
Economía rural
Rural economy
Consolidación de tierras
Consolidation of land holdings
Bienes raíces
Real property
topic Colombia
División de tierras
Land subdivision
Economía rural
Rural economy
Consolidación de tierras
Consolidation of land holdings
Bienes raíces
Real property
description ABSTRACT: This study addresses the marginal economic value of environmental amenities, structural characteristics, neighborhood facilities, and accessibility on property in Aquitania - Colombia. Based on 400 assessed values of rural land property and on 21 characteristic variables of land amenities and facilities, the study compares three models: Ordinary Least Squares (ols), Spatial Lag Model (slm), and Spatial Error Model (sem). Results show that both slm and sem outperformed ols in identifying the significance of real estate attributes. Results shows that farmers value environmental amenities more than other attributes, being implicit the greater value of cattle over agriculture (onion) in land use. These models may help to support decisions in rural real estate economics.
publishDate 2015
dc.date.issued.none.fl_str_mv 2015
dc.date.accessioned.none.fl_str_mv 2023-10-12T15:12:00Z
dc.date.available.none.fl_str_mv 2023-10-12T15:12:00Z
dc.type.spa.fl_str_mv Artículo de investigación
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dc.identifier.citation.spa.fl_str_mv Plata Fajardo, A. M., Cañón, J. y Lafortezza, R. (2015). The value of rural landscape in Aquitania (Colombia): application of spatial hedonic models in real estate analysis. Cuadernos de Desarrollo Rural, 12 (76), 155-179. http://dx.doi.org/10.11144/Javeriana.cdr12-76.vrla
dc.identifier.issn.none.fl_str_mv 0122-1450
dc.identifier.uri.none.fl_str_mv https://hdl.handle.net/10495/36882
dc.identifier.doi.none.fl_str_mv 10.11144/Javeriana.cdr12-76.vrla
dc.identifier.eissn.none.fl_str_mv 2215-7727
identifier_str_mv Plata Fajardo, A. M., Cañón, J. y Lafortezza, R. (2015). The value of rural landscape in Aquitania (Colombia): application of spatial hedonic models in real estate analysis. Cuadernos de Desarrollo Rural, 12 (76), 155-179. http://dx.doi.org/10.11144/Javeriana.cdr12-76.vrla
0122-1450
10.11144/Javeriana.cdr12-76.vrla
2215-7727
url https://hdl.handle.net/10495/36882
dc.language.iso.spa.fl_str_mv eng
language eng
dc.relation.ispartofjournalabbrev.spa.fl_str_mv Cuad. Desarro. Rural
dc.relation.citationendpage.spa.fl_str_mv 179
dc.relation.citationissue.spa.fl_str_mv 76
dc.relation.citationstartpage.spa.fl_str_mv 155
dc.relation.citationvolume.spa.fl_str_mv 12
dc.relation.ispartofjournal.spa.fl_str_mv Cuadernos de Desarrollo Rural
dc.rights.uri.spa.fl_str_mv https://creativecommons.org/licenses/by/4.0/
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dc.format.extent.spa.fl_str_mv 25
dc.format.mimetype.spa.fl_str_mv application/pdf
dc.publisher.spa.fl_str_mv Pontificia Universidad Javeriana, Instituto de Estudios Rurales
dc.publisher.place.spa.fl_str_mv Bogotá, Colombia
institution Universidad de Antioquia
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spelling Cañón, JulioPlata Fajardo, Ana MilenaLafortezza, RaffaeleGrupo de Investigación en Gestión y Modelación Ambiental (GAIA)2023-10-12T15:12:00Z2023-10-12T15:12:00Z2015Plata Fajardo, A. M., Cañón, J. y Lafortezza, R. (2015). The value of rural landscape in Aquitania (Colombia): application of spatial hedonic models in real estate analysis. Cuadernos de Desarrollo Rural, 12 (76), 155-179. http://dx.doi.org/10.11144/Javeriana.cdr12-76.vrla0122-1450https://hdl.handle.net/10495/3688210.11144/Javeriana.cdr12-76.vrla2215-7727ABSTRACT: This study addresses the marginal economic value of environmental amenities, structural characteristics, neighborhood facilities, and accessibility on property in Aquitania - Colombia. Based on 400 assessed values of rural land property and on 21 characteristic variables of land amenities and facilities, the study compares three models: Ordinary Least Squares (ols), Spatial Lag Model (slm), and Spatial Error Model (sem). Results show that both slm and sem outperformed ols in identifying the significance of real estate attributes. Results shows that farmers value environmental amenities more than other attributes, being implicit the greater value of cattle over agriculture (onion) in land use. These models may help to support decisions in rural real estate economics.RESUMEN: El presente estudio aborda el valor económico marginal de las comodidades ambientales, características estructurales, instalaciones vecinas y la accesibilidad de las propiedades en Aquitania, Colombia. Tomando como base 400 valores calculados de propiedades de terreno rural y 21 variables características de las instalaciones y comodidades del terreno, este estudio compara tres modelos: Mínimos Cuadrados Ordinarios (ols), Modelo de Rezago Espacial (slm) y Modelo de Error Espacial (sem). Los resultados muestran que tanto el slm como el sem superan al ols en la identificación de la importancia de los atributos de los bienes raíces. Los resultados muestran que los granjeros aprecian las comodidades del entorno sobre otros atributos, quedando implícito el mayor valor de la ganadería sobre la agricultura (cultivo de cebolla) en el uso del terreno. Estos modelos pueden ser de ayuda para sustentar decisiones respecto a la economía de los bienes raíces rurales.COL000861925application/pdfengPontificia Universidad Javeriana, Instituto de Estudios RuralesBogotá, Colombiahttps://creativecommons.org/licenses/by/4.0/http://creativecommons.org/licenses/by/2.5/co/info:eu-repo/semantics/openAccesshttp://purl.org/coar/access_right/c_abf2The value of rural landscape in Aquitania (Colombia): application of spatial hedonic models in real estate analysisEl valor del entorno rural en Aquitania (Colombia): aplicación de modelos espaciales hedónicos en el análisis de bienes raícesArtículo de investigaciónhttp://purl.org/coar/resource_type/c_2df8fbb1https://purl.org/redcol/resource_type/ARThttp://purl.org/coar/version/c_970fb48d4fbd8a85info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionColombiaDivisión de tierrasLand subdivisionEconomía ruralRural economyConsolidación de tierrasConsolidation of land holdingsBienes raícesReal propertyCuad. Desarro. 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