Search Results (25)

Income level is a key indicator of the standard of living and the economic efficiency of undertaken activities. This paper aims to evaluate the earnings of Polish dairy farmers compared to those in other economic sectors between 2005 and 2022. The analysis covered 1688 family-run farms that participated continuously in the FADN system throughout the study period, with particular emphasis on farms that expanded their dairy cow herds. The remuneration for the labour of farmers and their families was estimated ex post by subtracting the opportunity costs of owned land and capital from farm income. The alternative cost of engaging one’s own land was determined on the basis of actual rental prices for farmland occurring in the surveyed farm groups in the years analysed. This information is collected in the FADN system from which the studied group of farms was drawn. The basis for determining the alternative cost of involvement of own capital was the average interest rates on deposits for households, concluded for a period of 6 months to 1 year inclusive, reported by the National Bank of Poland. The analysed population was divided into seven groups based on the number of dairy cows maintained. The analysis focused on two three-year reference periods: 2005–2007 and 2020–2022. The results were compared with average salaries and wages in non-agricultural sectors of the economy. Structural changes in agriculture, increased productivity, and the expansion of production scale in dairy farms indicate a growing professionalisation of the sector. The rise in farm incomes during the analysed period contributed to a significant increase in the remuneration for farmers’ and their families’ labour. The highest growth in remuneration was observed among farms with the greatest production potential and scale. While in 2005–2007 the remuneration for labour in dairy farms was lower than in non-agricultural sectors, this situation changed in 2020–2022. During this latter period, the average remuneration for labour on dairy farms slightly exceeded the average salary and wages in other sectors of the economy. Full article

This study analyses how the intensive use of short-term rentals (STRs) in the tourism sector contributes to the transformation and touristification of rural areas in mature tourist destinations, using the island of Mallorca, Spain, as a case study. Based on growth machine theory, the analysis innovatively examines the factors driving the expansion of STRs in rural spaces, with a focus on economic, social, and territorial dynamics. The research hypothesis is that the proliferation of STRs acts as a key element in rural touristification. Using a combination of spatial and temporal indicators, the study identifies patterns of intensification and dispersion of STRs in rural areas, offering a comparison with other Mediterranean destinations, particularly in Spain. The results show that STRs have generated significant spatial impacts, leading to the displacement of agricultural land use and increasing tensions within local communities, mainly due to rising housing prices. The study highlights the need to implement spatial planning policies that restrain the uncontrolled expansion of STRs, ensure sustainable tourism planning, and promote housing policies that protect residents from the negative effects of touristification. Various scenarios for the evolution of STRs are proposed depending on their regulation. Full article

The previous research has proven that one of the fundamental requirements for ensuring increased profitability and economic competitiveness in offshore-based projects is co-locating different technologies within the same marine space. This paper presents a number of techno-feasibility analyses for floating offshore technologies for the Maltese Islands, located in the central Mediterranean Sea. The first part compares the feasibility between offshore floating solar photovoltaics with onshore-based systems, taking into consideration Malta’s average land rental price per square metre. The second part considers the use of a novel floating breakwater design that integrates energy storage and creates a sheltered water area for a multi-use marine park, thus introducing different revenue streams. The latter includes renting the sheltered marine space out to operators of floating solar farms, aquaculture cages and vessel berthing facilities, as well as the provision of energy storage services. It is found that the combined income from the multiple revenue streams from the multi-use marine park is still insufficient to justify the investment and that financial support from governments is essential to render the floating breakwaters viable. Full article

China is in the transition period of urbanization, and the imbalance of land use generated during the original rapid development of megacities still exists, resulting in the preservation of a large number of urban villages in the peripheral areas of cities. Unlike formal housing, these villages are heavily influenced by the confrontation and interweaving between top-down policies of local governments and bottom-up spontaneous construction by local villagers, resulting in a diverse and complex status quo. At the same time, self-built housing in urban villages has become a gathering place for a large number of low-income migrants due to its relatively low rental prices. In terms of the research of urban villages on the current situation of housing, the real needs of users and housing performance are mostly subjective judgments and conclusions. Therefore, the entry point of this paper is the leased space and the leasers, taking Laojuntang Village in Chaoyang District of Beijing as the research object and analyzing its current problems and the real needs of users. This paper adopts an integrated approach of fuzzy Kano model evaluation and building performance simulation. After analyzing the data and discussing the influencing factors, this paper identifies the specific problems and user needs that exist in leased spaces in Laojuntang Village: (1) The architectural performance of leased space is a Must-be Quality, which is the bottom-line requirement and must be improved. (2) The quality of the basic facilities and equipment of the leased space is mostly a One-dimensional Quality, Attractive Quality, and the degree of importance is lower than that of the building performance. (3) The external activity facilities of the leased space are mostly undifferentiated needs, for which the local users are not particularly prominent. (4) The scale and plot ratio of local housing is relatively high, and users are dissatisfied and complaining, which falls under the category of Reverse Quality. Full article

Build-to-rent (BTR) is an important pathway for rental housing supply across the cities of Australia. The discourse has become more prevalent as stakeholders seek government support to expand the sector to provide, amongst other reform measures, affordable rental accommodation. This paper examines the effectiveness of BTR as a pathway to affordable housing supply in Australia and identifies the additional reforms needed to increase that supply further. Interviews with key stakeholders were used to assess the success of the asset class to date and how it is likely to perform in increasing affordable rental housing supply, as well as what additional reforms may be required to expedite supply. The paper found that while BTR aims to scale up rental housing supply, its limitations in its present form demonstrate the need for additional reforms. At present, unfavorable taxes, inner-city locational attributes, and ultramodern services make the asset class a high-end housing model. Experts posit that BTR rental prices are justified given the quality amenities and the 24/7 onsite professional management. While it is a premium product, several BTR projects in Australia have included portions of those projects for affordable housing. The study concluded that BTR can generate affordable housing outcomes in Australia. As more developments take place across the private sector, several regulatory reforms in land release and taxes are needed to produce a sizable portfolio of affordable BTR. Without government support and regulation through additional supply-side incentives, development and recurrent holding costs will remain high, making BTR unaffordable to many urban residents. Full article

New residential construction in many countries with rapid urban growth is often interrelated with smaller housing units being built. Sweden is not an exception. It is of interest to investigate the driving forces behind this tendency. Our presumption is that municipal land price policies and building permit regulations might play a certain role in this process. Contrary to previous studies that focus on the number of new dwelling units in housing construction, our purpose is to analyze the average size of new housing units and the factors that affect it on an aggregate level. We apply seemingly unrelated regressions for analysis of the average apartment size in new residential construction in the three largest metropolitan regions in Sweden as a function of the changes in population, apartment rent and prices, mortgage interest rates, land prices, and building permits per capita as a proxy for regulation. The unbalanced panel dataset includes the period between 1998 and 2017 and covers both the rental and the housing cooperative sectors. The analysis demonstrates that land prices and building policies along with market fundamentals are the underlying factors that affect the average size of an apartment in new residential construction in Sweden. Full article

Buckwheat is an important coarse grain often grown in China’s marginal and dry mountainous areas; however, few empirical studies have quantified the factors that increase land productivity and encourage buckwheat farmers’ market participation. To address this gap in the literature, this study aims to empirically identify the factors associated with the land productivity of buckwheat, those associated with buckwheat farmers’ decisions regarding market participation, and those associated with buckwheat selling prices; unique survey data collected from rural buckwheat farmers in China in 2016 are used for the analysis. Our estimation results showed that fertilizer costs and rental machine costs were negatively associated with buckwheat income, indicating the sub-optimality of buckwheat farming. Farmers are likely to sell their buckwheat at high prices if they conduct the initial processing and sell it to processing firms. Providing technical training on the initial processing and information on market channels for buckwheat farmers could serve as efficacious policy interventions. The household head’s educational attainment was positively associated with buckwheat productivity and market participation, indicating the importance of the effort to narrow the educational gap between urban and rural areas in China. Full article

The study aims to estimate different land leasing entities’ intentions and drivers to grow non-grain crops. In 2021, following a multistage sampling technique based on non-grain farmland, 264 farmers from the Zengcheng District of China were interviewed using a well-structured questionnaire based on the theory of planned behavior and transaction cost. The structural equation model was used to quantitatively reveal the influence mechanism of the non-grain use of the transferred farmland. The difference in the non-grain use of the transferred farmland was analyzed from the perspective of the differentiation of the renting entities. The results showed that the profit margin of non-grain and food crops, and the follow-up behavior of business entities, all promote the non-grain utilization of transferred farmland; however, the transaction costs of non-grain utilization and the endowment constraints of agricultural businesses inhibit the non-grain utilization of farmland. The non-grain crops in the suburbs are more profitable, and the transaction costs of the farmland leasing entities are low, so they tend to be grain-free; the rents of the farmland in the outer suburbs are low and can be operated on a large scale, and the leasing entities tend to be grain-oriented. Large-scale leasing entities tend to grow grain, while small-scale leasing entities tend to grow non-grain crops. In general, large-scale leasing entities in the outer suburbs have high transaction costs and low land rents and tend to be grain-oriented. The small-scale leasing entities in the suburbs are close to the market, the transaction costs are low, the rental price of farmland is high, and they are more inclined to grow non-grain crops. The non-grain utilization of the leased farmland should be treated separately, the supervision of the grain production capacity of the leased farmland should be carried out, and the rotation of grain and non-grain crops should be encouraged; the moderate scale operation in outer suburbs should be encouraged, and the construction of high-standard basic farmland for grain-growing farmland should be promoted. Full article

Promoting farmland transfer through the farmland rental market is an essential instrument to achieve the centralized scale operation of farmland in China. However, few studies have explored or verified the economies of scale after land concentration. This study uses face-to-face interviews to randomly select 395 farmers engaged in land scale management in 68 villages of 11 cities in Shandong Province. Based on these data, a production cost function model is used to measure the cost elasticity of farmland scale management and further empirically test whether farmland scale management can achieve economies of scale in actual agricultural production. The empirical results show that the development of farmland scale operation can reduce production costs and realize the economy of scale. In other words, the scale of farmland management still has the possibility of further expansion. More importantly, we find the operation cost of farmland is significantly influenced by the price of farmland transfer, fixed capital input and labor input, especially the scale operator with rich planting experience and good cultural quality is an important human capital stock, which can make significant contribution to reducing production cost and developing the positive effect of scale operation. To promote farmland scale management in China, we should pay attention to reducing the transferring cost and transaction cost of farmland by building the land transfer market trading platform, increasing the subsidies for farmland transfer and developing agricultural mechanization, which is helpful to improve agricultural productivity and realize the scale economy. This research can provide a reference for rational land scale management and land use policymaking. Full article

Against a background of high-speed development and the expansion of built land surface, there has been widespread encroachment of natural habitats (henceforth “eco-spaces”). It becomes correspondingly difficult to improve the value of urban ecosystem services, since current assessments of land still primarily focus on use value (e.g., when nature and its products are converted and consumed), while the regulation and non-material services provided by eco-spaces are often ignored. In order to assess the rate of return on land transfers of eco-space, theories such as strong sustainable development, ecological land rental, natural resource ownership and opportunity costs were synthesized to construct an eco-space transfer cost–benefit analysis model, which is based on the value of ecosystem services. This study used the Futian Mangrove Ecological Park in the megacity of Shenzhen as a case study. To estimate the social value, which more comprehensively captures ecosystem services and economic value from eco-space, we used a counterfactual scenario of residential land development (the most plausible alternative land use scenario). This allowed us to calculate the rate of return from eco-space use change. The result of the total and annual rates of return over a projected 70-year timeframe were −10.76% and −0.16%, respectively. Accordingly, we suggest that management of the mangrove park should change the pricing strategy to better align the social benefits that it generates with the payments sustaining it. This case study provides instructive lessons for the management of eco-space in large urban settings. Full article

This paper aims to examine the responses of commercial real estate markets to COVID-19 and the implications for post-pandemic cities. Using data of Florida’s metropolitan areas in a fixed effect regression model, we find that sales volumes of retail properties decline instantly under the shock of COVID-19 but are followed by a strong recovery after one quarter. Meanwhile, COVID-19 depresses the growth rate of rent for office property, but the impact is short-term, and the office rental market bounces back to about 70 percent one quarter later. In comparison, industrial properties witness a rise in the growth rate of sales and rent price. Results indicate that urban planners may consider adjusting the amount of lands allocated to different usages to meet the evolving demands of urban space in the post-pandemic era. Full article

The tendency of enterprises to use open innovations can be seen in the literature in many areas of research and practical application. However, the use of the concept of open innovation in local administration entities is less noticeable. The research gap in this area prompts the authors to examine such a tendency among city representatives in the example of the Tourism Friendly Cities (TFC) group. TFC is a group of nine tourism destinations that are also European cities struggling with the impact of modern tourism. They take part in the URBACT program under the European Territorial Cooperation program. The goal of the article is to identify the basic problems of TFCs with the impact of the COVID-19 pandemic and to assess the propensity of TFC representatives to transfer innovative solutions in the form of open innovation. The article presents findings based on interviews with 104 experts from these cities, consisting of representatives of the public and private sectors. Research results indicate that the key problems of modern tourism in TFCs include constraints related to the lack of parking spaces, high rents and high prices of land, and short-term rental housing. The experts recommend measures to increase resilience and competitiveness initiated by business owners and at the initiative of the local administration. Key tools in this regard include and local community communication and engagement, creating attractions that benefit both residents and visitors, and measuring and monitoring tourism. In all, 92.8% of the experts believe that the right solution for the development of methods and tools for stakeholder cooperation in TFCs is to share the developed solutions in the form of open innovation. Full article

It is a crucial question to understand the relationship between public transit and residential rents for the proposal of a sustainable transportation system and efficient allocation of lands during the policy marking process. Little has been discovered in the current literature regarding the impact of the bus system on residential rents. This study investigated walking accessibility to the bus stop based on the average daily on-ridership data of bus stops and street networks in Jinan, China, and analysed the impact on the spatial differentiation of residential rents using the spatial autocorrelation analysis and the geographically weighted regression (GWR) method. Our results suggested that residential rent levels in Jinan had evident spatial dependence and spatial differentiation characteristics, which was signified by a significant high rent, and a high accessibility distribution pattern surrounding both city and sub-city centres. GWR results further showed that walking accessibility to the bus stop could significantly improve residential rents. On the spatial scale, a 1% increase in walking accessibility could result in a premium of up to 0.427% and a 2.984% decline in rental prices. Lastly, we found that walking accessibility to the bus stop significantly affected housing rents incrementally with increasing distance between residences and the city centre. Moreover, walking accessibility to the bus stop showed a marginal ‘first increase and then decrease’ effect on residential rents as the distance to the bus stop increased. The premium effect was the most significant among residences within 500–900 m of a bus stop. Full article

China’s rental housing market has just started to develop in recent years. It is relatively imperfect and lacks a clear reference for the pricing of rents, which is not fully transparent. A study on the rent formation mechanism of rental housing has policy implications for the construction of a guiding price for the rental housing market and the establishment of a reference basis for the pricing of subsidized housing. Referring to the definition of a benchmark land price, we use data from Beijing to innovatively introduce the concept of benchmark rent. Based on hedonic price theory and the driving factors of benchmark rent, a system of indicators is constructed to explore the mechanism of influencing factors at meso and micro levels on the benchmark rent of market-based rental housing. After LaGrange and robustness tests, it is found that the spatial error model (SEM) is more suitable for benchmark rent determination. We conclude that benchmark rents are affected by spatial relationships caused by spatial heterogeneity and dependency, and that there is significant spatial variation in the factors affecting market-based rental housing benchmark rents. The determination of the benchmark rent can be used as a guiding signal for the market, as a clear signal expectation for the market, government, and tenants. Full article

The theoretical and empirical results of the capitalization effect of agricultural support policies on land rental price remain inconclusive. Based on the survey of Chinese Household Income Projects in 2007 and 2008, this paper adopts the panel data of 800 villages in 11 provinces in China to empirically analyze the impact of agricultural support policies on village-level land rental price. It shows that both output price support and agricultural subsidies have a significant positive effect on land rental price in the village. For each 1 CNY/kg increase in output price support, the land rental price in the village will rise by about 322.44 CNY/mu, while with an additional 1 CNY/mu increase in agricultural subsidies, it will increase by CNY 0.45. The stronger the social relationships in the village, the less area of land transfer for a fee and the lower the land rental price. For villages with weak social relationships or renting land to outsiders, output price support and agricultural subsidies can significantly increase the land rental price. Output price support and agricultural subsidies not only have a significant positive effect on the area of land transfer in the village but also an indirect negative effect on it by raising the price of regional land rent. Full article