The Spatial and Temporal Diffusion of Agricultural Land Prices

Xinyue Yang, Martin Odening and Matthias Ritter

Land Economics, 2019, vol. 95, issue 1, 108-123

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.

JEL-codes: C23 Q24 (search for similar items in EconPapers)
Date: 2019
Note: DOI: 10.3368/le.95.1.108
References: Add references at CitEc
Citations: View citations in EconPapers (14)

Downloads: (external link)
http://le.uwpress.org/cgi/reprint/95/1/108
A subscription is required to access pdf files. Pay per article is available.

Related works:
Working Paper: The Spatial and Temporal Diffusion of Agricultural Land Prices (2018)
Working Paper: The Spatial and Temporal Diffusion of Agricultural Land Prices (2018)
Working Paper: The spatial and temporal diffusion of agricultural land prices (2018)
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: https://EconPapers.repec.org/RePEc:uwp:landec:v:95:y:2019:i:1:p:108-123

Access Statistics for this article

More articles in Land Economics from University of Wisconsin Press
Bibliographic data for series maintained by ().