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  • Yang, Xinyue, et al. (author)
  • The spatial and temporal diffusion of agricultural land prices
  • 2019
  • In: Land Economics. - : University of Wisconsin Press. - 0023-7639 .- 1543-8325. ; 95:1, s. 108-123
  • Journal article (peer-reviewed)abstract
    • In the last decade, many parts of the world experienced severe increases in agricultural land prices. This price surge, however, did not take place evenly in space and time. To better understand the spatial and temporal behavior of land prices, we employ a price diffusion model that combines features of market integration models and spatial econometric models. An application of this model to farmland prices in Germany shows that prices on a county-level are cointegrated. Apart from convergence toward a long-run equilibrium, we find that price transmission experiences short-term adjustments caused by neighboring regions.
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Type of publication
journal article (1)
Type of content
peer-reviewed (1)
Author/Editor
Odening, Martin (1)
Ritter, Matthias (1)
Yang, Xinyue (1)
University
Jönköping University (1)
Language
English (1)
Research subject (UKÄ/SCB)
Social Sciences (1)
Year
2019 (1)

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