Land markets and agrarian backwardness (Spain, 1900-1936)

Carmona, Juan; Rosés, Joan R.

Publication:
Land markets and agrarian backwardness (Spain, 1900-1936)

dc.affiliation.instituto	UC3M. Instituto Figuerola de Historia y Ciencias Sociales	es
dc.contributor.author	Carmona, Juan
dc.contributor.author	Rosés, Joan R.
dc.contributor.editor	Universidad Carlos III de Madrid. Departamento de Historia Económica e Instituciones	es
dc.date.accessioned	2009-06-17T14:05:13Z
dc.date.available	2009-06-17T14:05:13Z
dc.date.issued	2009-06
dc.description.abstract	To what extent were land markets the cause of Spanish agrarian backwardness? This paper uses new provincial data on average real land prices, together with provincial level variation in land productivity, to analyse land markets efficiency. To address this unresolved issue, we test whether land markets were spatially integrated and whether their prices can be explained with the present value model. Our results suggest that land prices converged across provinces and that variations were driven by fundamentals. In consequence, we conclude that institutional failure in land markets was not the cause of the relatively poor productivity performance of Spanish agriculture	en
dc.format.mimetype	application/pdf
dc.identifier.repec	wp09-02
dc.identifier.uri	https://hdl.handle.net/10016/4442
dc.language.iso	eng
dc.language.iso	eng
dc.relation.ispartofseries	Working Paper in Economic History	en
dc.relation.ispartofseries	09-02
dc.rights	Atribución-NoComercial-SinDerivadas 3.0 España
dc.rights.accessRights	open access	en
dc.rights.uri	http://creativecommons.org/licenses/by-nc-nd/3.0/es/
dc.subject.eciencia	Economía
dc.subject.eciencia	Historia
dc.subject.other	Land prices determinants	en
dc.subject.other	Price convergence	en
dc.subject.other	Panel unit-roots	en
dc.subject.other	Present value model	en
dc.title	Land markets and agrarian backwardness (Spain, 1900-1936)	en
dc.type	working paper	*
dspace.entity.type	Publication