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.
Download Info
To our knowledge, this item is not available for
download. To find whether it is available, there are three
options:
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page
whether it is in fact available.
3. Perform a search for a similarly titled item that would be
available.
Publisher Info
Article provided by Oxford University Press for the Foundation for the European Review of Agricultural Economics in its journal European Review of Agricultural Economics.
For technical questions regarding this item, or to correct its listing, contact: (Christopher F. Baum).
Related research
Keywords:
Cited by: (explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)