Examining the Relationship between Land Values and Credit Availability-Reference-Cited by-同舟云学术

Examining the Relationship between Land Values and Credit Availability

Published:2021-04-05 Issue:2 Volume:53 Page:209-228
ISSN:1074-0708
Container-title:Journal of Agricultural and Applied Economics
language:en
Short-container-title:J. Agric. Appl. Econ.

Author:

Sant’Anna Ana Claudia^ORCID,Cowley Cortney^ORCID,Katchova Ani L.^ORCID

Abstract

AbstractIncreased credit availability facilitates land acquisition, but higher land values also hinder it. We investigate the impact of credit availability on land values, after regulatory changes in the lending system. We build an index of increased credit availability using Federal Reserve and Federal Deposit Insurance Corporation data. County-level panel fixed effects estimations are performed controlling for land value determinants, credit availability, and county-level macroeconomic factors. We find that estimating the effects of credit availability separately masks its total effect. Results show a 0.1 change in the index for increased credit availability is associated with 1.64–1.96% increase in land values.

Publisher

Cambridge University Press (CUP)

Subject

Economics and Econometrics,Agricultural and Biological Sciences (miscellaneous)

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