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A Land Market Cycle in the Netherlands

Author

Listed:
  • Woltjer, Geert B.
  • Luijt, Jan L.
  • Jongeneel, Roelof A.

Abstract

This paper develops a disequilibrium model of land prices in the Netherlands. It shows that the behaviour of traded quantities and prices of Dutch land have some resemblance with a disequilibrium land market model developed by Søgaard. An error correction model based on Søgaard’s model generates significant results with GDP and the real interest rate as explanatory variables, but regrettably farm income nor government demand for land generate significant results. If the model is correct, bubbles are characteristic for the Dutch land market, and this suggests that there is an opportunity for Dutch government to improve on the timing of buying land for nature policy.

Suggested Citation

  • Woltjer, Geert B. & Luijt, Jan L. & Jongeneel, Roelof A., 2008. "A Land Market Cycle in the Netherlands," 2008 International Congress, August 26-29, 2008, Ghent, Belgium 44376, European Association of Agricultural Economists.
    • Handle: RePEc:ags:eaae08:44376
    DOI: 10.22004/ag.econ.44376
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    References listed on IDEAS

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    Keywords

    Land Economics/Use;

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