LAND RENTS AND PRICES AN ECONOMETRIC TEST OF THE CAPITALIZATION FORMULA

Hun Kim, Hans Andersson and Bharat Ramaswami

No 270207, 1988 Annual Meeting, August 1-3, Knoxville, Tennessee from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: This paper uses cross-equation restrictions on the parameters of vector autoregressions of land prices and rents, implied by the capitalization formula, to test its validity in a mid-western state.The formula was found to be valid for the period 1921-1953 but was not supported by data for the subsequent period 1954-1986.

Keywords: Demand and Price Analysis; Land Economics/Use (search for similar items in EconPapers)
Pages: 16
Date: 1988-08-01
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://ageconsearch.umn.edu/record/270207/files/aaea-1988-036.pdf (application/pdf)
https://ageconsearch.umn.edu/record/270207/files/a ... 6.pdf?subformat=pdfa (application/pdf)

Related works:
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:ags:aaea88:270207

DOI: 10.22004/ag.econ.270207

Access Statistics for this paper

More papers in 1988 Annual Meeting, August 1-3, Knoxville, Tennessee from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)
Bibliographic data for series maintained by AgEcon Search ().