Land rents in a CGE

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    DougO
    It goes to sector 360. Just be aware that output per worker for this sector is very low to account for all the part time "hobbyist" real estate agents. You may wish to remove most of the direct employment from this sector in your results. Much of the rent value goes to OPI in 360 and is transferred to the land owners in the SAM.
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    jmonge
    Doug, Thanks for the help. What about rental payments for land that is under the Conservation Reserve Program (CRP)? Are you familiar with this program? Since these are payments from the government to CRP land owners, I was thinking that it would be a payment from the Government account to Households. Do you have any idea? Juan
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    DougO
    That is the upshot - it is a transfer from geovernment to households. There is no impact until the households spend it (which you can model by running it through the household "insititutional spending pattern".
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    jmonge
    I recently authored an article published in [i]Economic Systems Research[/i] modifying regional IMPLAN SAMs to reallocate the land rents normally included in the Real Estate industry (360) into a land production factor. This simplifies the treatment of land as a factor of production for CGE models. The article can be found in the following link: www.tandfonline.com/eprint/tJJbUbzpA4w2GmTwZaBB/full I have made the GAMS code implementing the method freely available for download at: http://afpc.tamu.edu/pubs/15/592/sam_code.zip Users will need their own IMPLAN data, but will be saved the extensive work required to collect detailed land rent and other data, and the complex work required for all data manipulation.
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