In recent decades, farmland markets have risen sharply due to their attractiveness as safe investment and sav-ings allocation instruments. This growth has occurred globally at different rates due to the uneven expected returns, and potential land uses in different regions. This paper provides evidence of the convergence of Italian farmland markets be-tween 1990 and 2019 by using data on average land prices with a geographically detailed resolution that considers both administrative and altitude aspects of territories. The analysis combines traditional economic convergence approaches with spatial data exploration techniques. The results are consistent and show that territorial disparities in Italian farm-land markets tend to increase over the study period. This proves that divergence patterns reflect the well-established North-South dualism and disparities in socio-economic characteristics.

Towards diverging land prices in agricultural districts? Evidence from Italy before and after the great crisis / Bruno, Emma; Castellano, Rosalia; Punzo, Gennaro; Salvati, Luca. - In: ZEMEDELSKA EKONOMIKA. - ISSN 0139-570X. - 69:3(2023), pp. 119-127. [10.17221/395/2022-AGRICECON]

Towards diverging land prices in agricultural districts? Evidence from Italy before and after the great crisis

Bruno Emma
;
Salvati Luca
2023

Abstract

In recent decades, farmland markets have risen sharply due to their attractiveness as safe investment and sav-ings allocation instruments. This growth has occurred globally at different rates due to the uneven expected returns, and potential land uses in different regions. This paper provides evidence of the convergence of Italian farmland markets be-tween 1990 and 2019 by using data on average land prices with a geographically detailed resolution that considers both administrative and altitude aspects of territories. The analysis combines traditional economic convergence approaches with spatial data exploration techniques. The results are consistent and show that territorial disparities in Italian farm-land markets tend to increase over the study period. This proves that divergence patterns reflect the well-established North-South dualism and disparities in socio-economic characteristics.
2023
convergence analysis; farmland markets; spatial autocorrelation; spatial clusters
01 Pubblicazione su rivista::01a Articolo in rivista
Towards diverging land prices in agricultural districts? Evidence from Italy before and after the great crisis / Bruno, Emma; Castellano, Rosalia; Punzo, Gennaro; Salvati, Luca. - In: ZEMEDELSKA EKONOMIKA. - ISSN 0139-570X. - 69:3(2023), pp. 119-127. [10.17221/395/2022-AGRICECON]
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11573/1680196
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