英文文献:Farmland Prices and the Return to Land: An Application of Causality Testing
英文文献作者:Phipps, Tim
英文文献摘要:
Tests are conducted to investigate the temporal relationship between farmland prices and the return to farmland. The return to land is found, as expected, to be a leading indicator of the price of farmland. The use of the ex post return as an input in a transfer function model with land price as an output resulted in a 23% reduction in the MSE obtained from a univariate land price model.