The shift from administrative to a market-based valuation of assets is a key part of In Ukraine’s transition from a planned to a market economy that will improve the functioning of financial markets and the ability of local governments to obtain revenue effectively for local service provision. This paper describes the rationale and evolution of Ukraine’s regulatory framework for market-based valuation and uses prices and publicly available parcel attributes for the nearly 200,000 agricultural land sale transactions over the 2021 to 2024 period to estimate a land price model that is then used to predict prices for the roughly 20 million ha of commercial agricultural land in the country.
Repository name | URI |
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Reproducible Research Repository (World Bank) | https://reproducibility.worldbank.org |
Paper exhibits were reproduced in a computer with the following specifications:
– OS: Windows 11 Enterprise
– Processor: Intel(R) Core(TM) i5-1145G7 CPU @ 2.60GHz
– Memory available: 15.7 GB
– Software version: R version 4.4.1
~25 minutes run time with the options eval_all and full_plots set to FALSE
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~7 hours run time with the options eval_all and full_plots set to TRUE
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All data is restricted and has not been included in the reproducibility package. For more details, please refer to the README file.
Author | Affiliation | |
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Klaus Deininger | World Bank | kdeininger@worldbank.org |
Daniel Ayalew Ali | World Bank | dali1@worldbank.org |
Eduard Bukin | World Bank | ebukin@worldbank.org |
Andrii Martyn | National University of Life and Environmental Sciences of Ukraine | martyn@nubip.edu.ua |
2024-12
Location |
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Ukraine |
The materials in the reproducibility packages are distributed as they were prepared by the staff of the International Bank for Reconstruction and Development/the World Bank. The findings, interpretations, and conclusions expressed in this event do not necessarily reflect the views of the World Bank, the Executive Directors of the World Bank, or the governments they represent. The World Bank does not guarantee the accuracy of the materials included in the reproducibility package.
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Modified BSD3 | https://opensource.org/license/bsd-3-clause/ |
Name | Affiliation | |
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Eduard Bukin | World Bank | ebukin@worldbank.org |
Reproducibility WBG | World Bank | reproducibility@worldbank.org |
Name | Abbreviation | Affiliation | Role |
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Reproducibility WBG | DIME | World Bank - Development Impact Department | Verification and preparation of metadata |
2024-12-04
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