LAND PRICE VOLATILITY IN A GEOGRAPHICALLY DISPERSED MARKET

被引：41
作者：
BENIRSCHKA, M [1 ]
BINKLEY, JK [1 ]
机构：
[1] PURDUE UNIV, DEPT AGR ECON, W LAFAYETTE, IN 47907 USA
来源：
AMERICAN JOURNAL OF AGRICULTURAL ECONOMICS | 1994年 / 76卷 / 02期
关键词：
FARM FINANCIAL STRESS; LAND PRICES; PRICE VARIATION; SPATIAL ECONOMETRICS;
D O I：
10.2307/1243620
中图分类号：
F3 [农业经济];
学科分类号：
0202 ; 020205 ; 1203 ;
摘要：
Historical evidence and theory lead to a hypothesis that land price variation increases with distance to market. This hypothesis is tested with county data from five Cornbelt states during the period 1969 to 1987, when price changes were unusually large. Our data support the hypothesis. In the 70s, prices increased more in the Western Cornbelt than in the Eastern Cornbelt; in the 80s, the Western Cornbelt experienced the more precipitous price declines. Our hypothesis explains why Great Plains farmers have experienced greater financial problems during times of stress than have many other farmers.
引用
收藏
页码：185 / 195
页数：11
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