Towards diverging land prices in agricultural districts? Evidence from Italy before and after the great crisis
In recent decades, farmland markets have risen sharply due to their attractiveness as safe investment and savings allocation instruments. This growth has occurred globally at different rates due to the uneven expected returns, and potential land uses in different regions. This paper provides evidenc...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
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Czech Academy of Agricultural Sciences
2023-03-01
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| Series: | Agricultural Economics (AGRICECON) |
| Subjects: | |
| Online Access: | https://agricecon.agriculturejournals.cz/artkey/age-202303-0004_towards-diverging-land-prices-in-agricultural-districts-evidence-from-italy-before-and-after-the-great-crisis.php |
| _version_ | 1797856182762733568 |
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| author | Emma Bruno Rosalia Castellano Gennaro Punzo Luca Salvati |
| author_facet | Emma Bruno Rosalia Castellano Gennaro Punzo Luca Salvati |
| author_sort | Emma Bruno |
| collection | DOAJ |
| description | In recent decades, farmland markets have risen sharply due to their attractiveness as safe investment and savings allocation instruments. This growth has occurred globally at different rates due to the uneven expected returns, and potential land uses in different regions. This paper provides evidence of the convergence of Italian farmland markets between 1990 and 2019 by using data on average land prices with a geographically detailed resolution that considers both administrative and altitude aspects of territories. The analysis combines traditional economic convergence approaches with spatial data exploration techniques. The results are consistent and show that territorial disparities in Italian farmland markets tend to increase over the study period. This proves that divergence patterns reflect the well-established North-South dualism and disparities in socio-economic characteristics. |
| first_indexed | 2024-04-09T20:36:14Z |
| format | Article |
| id | doaj.art-ed84bdd815814c6ca6692b484e3832ca |
| institution | Directory Open Access Journal |
| issn | 0139-570X 1805-9295 |
| language | English |
| last_indexed | 2024-04-09T20:36:14Z |
| publishDate | 2023-03-01 |
| publisher | Czech Academy of Agricultural Sciences |
| record_format | Article |
| series | Agricultural Economics (AGRICECON) |
| spelling | doaj.art-ed84bdd815814c6ca6692b484e3832ca2023-03-30T09:09:18ZengCzech Academy of Agricultural SciencesAgricultural Economics (AGRICECON)0139-570X1805-92952023-03-0169311912710.17221/395/2022-AGRICECONage-202303-0004Towards diverging land prices in agricultural districts? Evidence from Italy before and after the great crisisEmma Bruno0Rosalia CastellanoGennaro Punzo1Luca Salvati3 Department of Methods and Models for Economics, Territory and Finance, Faculty of Economics, Sapienza University of Rome, Rome, Italy3 Department of Methods and Models for Economics, Territory and Finance, Faculty of Economics, Sapienza University of Rome, Rome, ItalyIn recent decades, farmland markets have risen sharply due to their attractiveness as safe investment and savings allocation instruments. This growth has occurred globally at different rates due to the uneven expected returns, and potential land uses in different regions. This paper provides evidence of the convergence of Italian farmland markets between 1990 and 2019 by using data on average land prices with a geographically detailed resolution that considers both administrative and altitude aspects of territories. The analysis combines traditional economic convergence approaches with spatial data exploration techniques. The results are consistent and show that territorial disparities in Italian farmland markets tend to increase over the study period. This proves that divergence patterns reflect the well-established North-South dualism and disparities in socio-economic characteristics.https://agricecon.agriculturejournals.cz/artkey/age-202303-0004_towards-diverging-land-prices-in-agricultural-districts-evidence-from-italy-before-and-after-the-great-crisis.phpconvergence analysisfarmland marketsspatial autocorrelationspatial clusters |
| spellingShingle | Emma Bruno Rosalia Castellano Gennaro Punzo Luca Salvati Towards diverging land prices in agricultural districts? Evidence from Italy before and after the great crisis Agricultural Economics (AGRICECON) convergence analysis farmland markets spatial autocorrelation spatial clusters |
| title | Towards diverging land prices in agricultural districts? Evidence from Italy before and after the great crisis |
| title_full | Towards diverging land prices in agricultural districts? Evidence from Italy before and after the great crisis |
| title_fullStr | Towards diverging land prices in agricultural districts? Evidence from Italy before and after the great crisis |
| title_full_unstemmed | Towards diverging land prices in agricultural districts? Evidence from Italy before and after the great crisis |
| title_short | Towards diverging land prices in agricultural districts? Evidence from Italy before and after the great crisis |
| title_sort | towards diverging land prices in agricultural districts evidence from italy before and after the great crisis |
| topic | convergence analysis farmland markets spatial autocorrelation spatial clusters |
| url | https://agricecon.agriculturejournals.cz/artkey/age-202303-0004_towards-diverging-land-prices-in-agricultural-districts-evidence-from-italy-before-and-after-the-great-crisis.php |
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