RT Generic
T1 Land markets and agrarian backwardness (Spain, 1900-1936)
A1 Carmona, Juan
A1 Rosés, Joan R.
A2 Universidad Carlos III de Madrid. Departamento de Historia Económica e Instituciones, 
AB To what extent were land markets the cause of Spanish agrarianbackwardness? This paper uses new provincial data on average real land prices,together with provincial level variation in land productivity, to analyse landmarkets efficiency. To address this unresolved issue, we test whether landmarkets were spatially integrated and whether their prices can be explainedwith the present value model. Our results suggest that land prices convergedacross provinces and that variations were driven by fundamentals. Inconsequence, we conclude that institutional failure in land markets was not thecause of the relatively poor productivity performance of Spanish agriculture
YR 2009
FD 2009-06
LK https://hdl.handle.net/10016/4442
UL https://hdl.handle.net/10016/4442
LA eng
LA eng
DS e-Archivo
RD 20 may. 2024