The Causal Structure of Land Price Determinants

Titus O. Awokuse () and Joshua M. Duke

Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, 2006, vol. 54, issue 2, pages 227-245

Abstract: "This paper investigates causation contemporaneously and dynamically to elucidate the persistent lack of agreement about what "causes" changes in farmland prices. The analysis synthesizes and extends previous investigations in this area by employing a combination of directed acyclic graphs (DAG), a recently developed modeling technique, and cointegrated VAR model. DAG theory and algorithms offer a powerful tool for analyzing contemporaneous causal relationships among economic variables. The results from this study confirm the importance of measures of return to farming, financial (credit market constraints) and/or macroeconomic activity as significant determinants of fluctuations in farmland prices." Copyright 2006 Canadian Agricultural Economics Society.

Date: 2006
References: Add references at CitEc
Citations View citations in EconPapers (5) Track citations by RSS feed

Downloads: (external link)
http://www.blackwell-synergy.com/doi/abs/10.1111/j.1744-7976.2006.00047.x link to full text (text/html)
Access to full text is restricted to subscribers.

Related works:
Working Paper: THE CAUSAL STRUCTURE OF LAND PRICE DETERMINANTS (2004)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:bla:canjag:v:54:y:2006:i:2:p:227-245

Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=0008-3976

Access Statistics for this article

More articles in Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie from Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie
Contact information at EDIRC.
Series data maintained by Wiley-Blackwell Digital Licensing ().