T. Hirano,& A.A. Toda, Unbalanced growth and land overvaluation, Proc. Natl. Acad. Sci
Objective:
- Study the long-run behaviour of land prices in modern economies where the importance of land as as factor of production diminishes
Case:
- Global
Methodology:
- Malthusian
Data Source
- Land
- Employment
Findings:
- Land overevaluation emerges along the long-run transition from the Malthusian agricultural economy to the modern knowledge and service-based economy
