The spatial and temporal diffusion of agricultural land prices

Yang, Xinyue (författare): Humboldt-Universität zu Berlin, Faculty of Life Sciences, Department of Agricultural Economics, Berlin, Germany

Odening, Martin (författare): Humboldt-Universität zu Berlin, Faculty of Life Sciences, Department of Agricultural Economics, Berlin, Germany

Ritter, Matthias (författare): Humboldt-Universität zu Berlin, Faculty of Life Sciences, Department of Agricultural Economics, Berlin, Germany

(creator_code:org_t)

University of Wisconsin Press, 2019
2019
Engelska.
Ingår i: Land Economics. - : University of Wisconsin Press. - 0023-7639 .- 1543-8325. ; 95:1, s. 108-123

Abstract Ämnesord

Stäng

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.

Om ämnet

SAMHÄLLSVETENSKAP: SAMHÄLLSVETENSKA ...; och Ekonomi och näri ...; och Nationalekonomi

Kungliga biblioteket hanterar dina personuppgifter i enlighet med EU:s dataskyddsförordning (2018), GDPR. Läs mer om hur det funkar här.
Så här hanterar KB dina uppgifter vid användning av denna tjänst.