LAND RENTS AND PRICES AN ECONOMETRIC TEST OF THE CAPITALIZATION FORMULA

This paper uses cross-equation restrictions on the parameters of vector autoregressions of land prices and rents, implied by the capitalization formula, to test its validity in a mid-western state.The formula was found to be valid for the period 1921-1953 but was not supported by data for the subsequent period 1954-1986.


Issue Date:
Aug 01 1988
Publication Type:
Conference Paper/ Presentation
DOI and Other Identifiers:
Record Identifier:
https://ageconsearch.umn.edu/record/270207
Language:
English
Total Pages:
16




 Record created 2018-03-29, last modified 2020-10-28

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