Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/213063
Authors: 
Grau, Aaron
Jasic, Svetlana
Ritter, Matthias
Odening, Martin
Year of Publication: 
2019
Series/Report no.: 
FORLand-Working Paper No. 09 (2019)
Abstract: 
This paper is one of the first attempts to utilize the theoretical framework of the new economic geography for explaining agricultural land prices. We adopt a model proposed by Pflüger and Tabuchi (2010), which allows to consider land as a production factor. We derive a short-run equilibrium that relates land rental prices to production intensity. The latter is measured as labor intensity, i.e., the ratio of labor cost and land used for agricultural production and additionally by livestock density. The model is applied to the agricultural sector in West Germany using county level price and cost data of the FADN. A spatial lag model clearly rejects the null hypothesis of no impact of labor and livestock intensity on land rental prices.
Subjects: 
New economic geography
agglomeration
production clusters
Germany
JEL: 
O41
Q11
R12
Persistent Identifier of the first edition: 
Creative Commons License: 
https://creativecommons.org/licenses/by-nc-nd/3.0/de/
Document Type: 
Working Paper

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