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What is Land Use Decisions in Santa Elena, Ecuador about?

This document summarizes a study analyzing factors affecting land use decisions in the Peninsula of Santa Elena in Ecuador. The study uses a Heckman two-stage estimation procedure to differentiate between factors associated with fixed and variable transaction costs. In the first stage, a probit model identifies fixed transaction cost factors that influence the decision to use land productively versus speculatively. In the second stage, an OLS model identifies both fixed and variable transaction cost factors

Author

TERIYAKI

Language

EN