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Factors affecting the price of Swedish forest land, 1965–1987

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  • Lars Hultkrantz

Abstract

A model for the determination of the price of forest land is estimated for Sweden from 1965–1987, when (except for a few years) private non-industrial forest owners could finance their holdings at a negative real after-tax borrowing rate. It is assumed that credit has been limited by the value of mortgage security, assessed independently of the price settlement. The estimated coefficients of the regression equation are used for a calculation of the average real rate of discount of forest owners and the average value of amenities. The model also evaluates the effect of the temporary land price regulation from 1979–1987. Copyright Kluwer Academic Publishers 1991

Suggested Citation

  • Lars Hultkrantz, 1991. "Factors affecting the price of Swedish forest land, 1965–1987," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 1(4), pages 373-384, December.
    • Handle: RePEc:kap:enreec:v:1:y:1991:i:4:p:373-384
    DOI: 10.1007/BF00377493
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