Time distances and labor market integration

This paper analyses determinants of agricultural land prices in Sweden with a particular focus on location-specific factors. An asset-pricing model is used to decompose agricultural land prices into expected returns from land in its current agricultural use and expected returns from its potential use. The model is estimated in a cross regional context where explanatory factors relate to regional variations in land productivity, agricultural support payments and urbanising influences. Results indicate that both agricultural and non-agricultural factors are influential determinants to the price of agricultural land. Estimating marginal effects across the distribution of the dependent variable, non-agricultural factors are shown to be more important in regions that have high agricultural land prices, whereas, income support to farmers in the form of the decoupled single farm payment is shown to be most influential in regions with low agricultural land prices.Keywords Land price · Asset pricing · Single farm payment · Quantile regression

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“…Following Johansson et al (2002) we can define the geographical accessibility of municipality i (i = 1, . .…”

Section: Actual and Potential Returns From Agriculturementioning

confidence: 99%

Location determinants of agricultural land prices

Nilsson

Johansson

2013

Jahrb Reg wiss

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“…Johansson, Klaesson & Olsson (2002) separates between: (i) intra-municipal accessibility, (ii) intra-regional accessibility and (iii) extra-regional accessibility. Based on commuting data, they also show that the time sensitivity parameter λ is different for intra-municipal, intra-regional and extra-regional interaction.…”

Section: Knowledge Accessibilitymentioning

confidence: 99%

Knowledge Accessibility and New Firm Formation

Karlsson

Nyström

2011

New Directions in Regional Economic Development

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This paper investigates the role of knowledge for successful entrepreneurship. The paper explicitly discusses the role of accessibility to university and company R&D for new firm formation. Company R&D is assumed to contain a higher share of R&D directed towards generating technological knowledge. Hence, the accessibility to such R&D are expected to have a stronger influence on new firm formation than the accessibility to university R&D. Since knowledge can also be assumed to be spatially bounded and diffuses in geographical space, it is argued that local interaction, measured by intra-municipality accessibility to knowledge, have a stronger influence on new firm formation than interregional interaction. In the empirical analysis data on new firm formation in 288 Swedish municipalities and accessibility to university and company R&D for 1997 and 1999 are used. We find that accessibility to company R&D have a stronger impact on new firm formation than accessibility to university R&D. We also find that close knowledge interactions are more important for new firm formation than long distance knowledge interactions. Accessibility to inter-regional company R&D has even a negative impact on new firm formation.

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“…Following contemporary research, such a region should allow people to meet with travel distances shorter than 45 minutes (Johansson, Klaesson and Olsson, 2002). As a consequence, such regions were much smaller in historic time -like ancient Athens, Florence in the 16 th or Edinburgh in the 18 th century -than in the present-day Boston or Cambridge regions.…”

Section: Examples Of Creative and Innovation-rich Urban Regionsmentioning

confidence: 99%