@article{Kerr:291420,
      recid = {291420},
      author = {Kerr, Suzi and Olssen, Alex},
      title = {Gradual Land-use Change in New Zealand: Results from a  Dynamic Econometric Model},
      address = {2012-05},
      number = {1124-2019-2620},
      pages = {26},
      year = {2012},
      abstract = {Rural land use is important for New Zealand’s economic and  environmental outcomes. Using a dynamic econometric model  and recent New Zealand data, we estimate the response of  land use to changing economic returns as proxied by  relevant commodity prices. Because New Zealand is small,  export prices are credibly exogenous. We show that land use  responses can be slow. Our result implies that  policy-induced land-use change is likely to be slow or  costly.},
      url = {http://ageconsearch.umn.edu/record/291420},
      doi = {https://doi.org/10.22004/ag.econ.291420},
}