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2020-12Diskussionspapier DOI: 10.18452/22244
Measuring Liquidity in Agricultural Land Markets
dc.contributor.authorKionka, Marlene
dc.contributor.authorOdening, Martin
dc.contributor.authorPlogmann, Jana
dc.contributor.authorRitter, Matthias
dc.date.accessioned2020-12-14T15:26:57Z
dc.date.available2020-12-14T15:26:57Z
dc.date.issued2020-12none
dc.identifier.urihttp://edoc.hu-berlin.de/18452/22867
dc.description.abstractThis paper contributes to the sparse empirical literature on measuring liquidity in agricultural land markets. Using data from Lower Saxony (Germany), we inspect the spatial and temporal variability of various liquidity indicators. We apply a panel vector autoregression (VAR) and Granger causality tests to examine the relationship between liquidity and prices and to identify further determinants of land market liquidity, such as supply shocks and clientele effects. Unlike in housing markets, no positive relationship between prices and market liquidity exists. We conclude that in agricultural land markets, a high demand from expanding farms absorbs supply shocks regardless of prevailing prices.eng
dc.language.isoengnone
dc.publisherHumboldt-Universität zu Berlin
dc.rights(CC BY-NC-ND 4.0) Attribution-NonCommercial-NoDerivatives 4.0 Internationalger
dc.rights.urihttps://creativecommons.org/licenses/by-nc-nd/4.0/
dc.subjectAgricultural land marketseng
dc.subjectliquidity indicatorseng
dc.subjectpanel vector autoregressive modeleng
dc.subjectGranger causalityeng
dc.subject.ddc630 Landwirtschaft und verwandte Bereichenone
dc.titleMeasuring Liquidity in Agricultural Land Marketsnone
dc.typeworkingPaper
dc.identifier.urnurn:nbn:de:kobv:11-110-18452/22867-2
dc.identifier.doihttp://dx.doi.org/10.18452/22244
local.edoc.container-titleFORLand Working Papersnone
local.edoc.container-creatorMartin Odeningnone
local.edoc.pages22none
local.edoc.type-nameDiskussionspapier
local.edoc.institutionLebenswissenschaftliche Fakultätnone
local.edoc.container-typeseries
local.edoc.container-type-nameSchriftenreihe
local.edoc.container-volume25none
local.edoc.container-erstkatid2941991-8none

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