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Components of Path Dependence of the Agricultural Property Market in Poland

Author

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  • Zaleczna Magdalena

    (Department of Investment and Real Estate, University of Lodz)

Abstract

Agricultural real property has economic and social significance. An inseparable aspect of it is a historically and culturally shaped structure of ownership. The possibility of converting production of food into more profitable activity fans conflicts between the business-minded holders of farmland and the legislature seeking to protect the agricultural use of land, which have economic, but also social and political dimensions. Laws evolve in time and space, ranging from strict restrictions on transactions in land and few possibilities of changing its use to complete freedom of land use and disposal, with many intermediate solutions. This study is an outcome of author’s interest in the broad context of changes occurring in this market. The article identifies the market’s characteristics and its institutions, events, processes and mechanisms that provide insight into the present level of its institutional development.

Suggested Citation

  • Zaleczna Magdalena, 2017. "Components of Path Dependence of the Agricultural Property Market in Poland," Real Estate Management and Valuation, Sciendo, vol. 25(4), pages 5-12, December.
    • Handle: RePEc:vrs:remava:v:25:y:2017:i:4:p:5-12:n:1
    DOI: 10.1515/remav-2017-0025
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    More about this item

    Keywords

    agricultural real properties; path dependence; Poland; restrictions;
    All these keywords.

    JEL classification:

    • K11 - Law and Economics - - Basic Areas of Law - - - Property Law
    • K25 - Law and Economics - - Regulation and Business Law - - - Real Estate Law
    • P26 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Property Rights
    • Q15 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Land Ownership and Tenure; Land Reform; Land Use; Irrigation; Agriculture and Environment

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