AGRICULTURAL LAND VALUES AND FUTURE LAND DEVELOPMENT
Resource information
Date of publication
December 1999
Resource Language
ISBN / Resource ID
AGRIS:US2012211221
We develop a theoretical model of land prices and urban expansion and derive a reduced-form expression for agricultural land values. This result dictates the specification of our econometric model in terms of variable choice and functional form. We find strong support for the model in an application to New York.
