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- Title
The Effect of Agricultural Zoning on Land Prices, Quebec, 1975-1981.
- Authors
Vaillancourt, François; Monty, Luc
- Abstract
This article focuses on the effect of agricultural zoning on land prices in Quebec. At the end of 1978 the government of the province of Quebec, Canada to ensure the protection of agricultural land, introduced a set of zoning restrictions. This article examines if that policy creates a price differential between restricted and unrestricted use land. This article is divided into three parts. In the first, the institutional setting and the region examined are presented; in the second, the model and data used are discussed; and in the third, the results of a single equation model are discussed. This study explains the value of the natural logarithm of the deflated price of an acre of land using the following independent variables--natural logarithm of lot size, linear distance to Montreal, and three sets of dummy variables. Using a standard land price determination equation, examined the effect of agricultural zoning in Quebec on urban fringe lots in the Montreal area. It was found that restrictive use zoning reduced the price per acre of land, otherwise similar to unrestricted land.
- Subjects
QUEBEC (Quebec); CANADA; AGRICULTURE; LOGARITHMS; PRICES; LAND use
- Publication
Land Economics, 1985, Vol 61, Issue 1, p36
- ISSN
0023-7639
- Publication type
Article
- DOI
10.2307/3146138