Land – price determinants using the spatial econometrics modeling in the Moldavian real estate
The purpose of this paper is to determine the factors which influence the land market in Republic of Moldova. The paper aims to discover the determinants for land pricing using the spatial econometrics modeling, as it is widely used when the spatial component is present. The country’s agricultural economy combined with the interest of international organizations and limited data availability directed the focus of this empirical study towards land for agricultural purposes.