Rents, interest rates and real agricultural land prices: An application to a Greek province
研究了1967至1988年间影响希腊真实农田价格的主要因素，发现租金收入和实际利率对土地价格有显著影响，适合关注农业土地定价的学者。
The objective of this paper is to identify and investigate empirically the major factors that affected real farmland prices in Greece for the period 1967 to 1988. The paper treats farmland not only as a factor of production but also as a vehicle for storing and preserving wealth. In this respect, an investigation of the behaviour of the real interest rate is undertaken and its impact on farmland prices is examined through a dynamic econometric model. The empirical work investigates agricultural land prices in the Etoloacarnania prefecture where one of the major plains of Greece is situated. The results of the statistical estimation suggest that both rental income and real interest rates have a significant effect on farmland prices.