 Rents, Interest Rates and Real Agricultural Land Prices: An Application to a Greek ProvinceJoan Daouli () and Michael Demoussis () European Review of Agricultural Economics, 1992, vol. 19, issue 4, 417-25 Abstract: The objective of this paper is to identify and investigate empirically the major factors that affected real farmland prices in Greece for the period 1967 to 1988. The paper treats farmland not only as a factor of production but also as a vehicle for storing and preserving wealth. In this respect, an investigation of the behavior of the real interest rate is undertaken and its impact on farmland prices is examined through a dynamic econometric model. The empirical work investigates agricultural land prices in the Etoloacarnania prefecture where one of the major plains of Greece is situated. The results of the statistical estimation suggest that both rental income and real interest rates have a significant effect on farmland prices. Copyright 1992 by Oxford University Press. Date: 1992 There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:oup:erevae:v:19:y:1992:i:4:p:417-25 Ordering information: This journal article can be ordered from Access Statistics for this article European Review of Agricultural Economics is currently edited by Timothy Richards, Salvatore Di Falco, Céline Nauges and Vincenzina Caputo More articles in European Review of Agricultural Economics from Oxford University Press and the European Agricultural and Applied Economics Publications Foundation Oxford University Press, Great Clarendon Street, Oxford OX2 6DP, UK. Contact information at EDIRC. |
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