Price movement in the Brazilian land market (1994-2010): an analysis in the light of post-Keynesian theory
Autor(a) principal: | |
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Data de Publicação: | 2016 |
Outros Autores: | , |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Revista de Economia Política |
Texto Completo: | http://old.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572016000100109 |
Resumo: | ABSTRACT The present study aims to evaluate crop, pasture and forest land prices in Brazil, between 1994 and 2010, in the light of Post-Keynesian theory. The results provide evidence that land, more than just a simple factor of production, must be conceived of as an economic asset. In fact, the price of rural land is determined not only by the expected profitability deriving from agricultural activities but also by the agents' expectations about its future appreciation and liquidity in an economic environment permeated with uncertainty. In this context, as an object of speculation, land has been particularly important as a store of value. |
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Price movement in the Brazilian land market (1994-2010): an analysis in the light of post-Keynesian theoryland pricespost-KeynesianBrazilian economyABSTRACT The present study aims to evaluate crop, pasture and forest land prices in Brazil, between 1994 and 2010, in the light of Post-Keynesian theory. The results provide evidence that land, more than just a simple factor of production, must be conceived of as an economic asset. In fact, the price of rural land is determined not only by the expected profitability deriving from agricultural activities but also by the agents' expectations about its future appreciation and liquidity in an economic environment permeated with uncertainty. In this context, as an object of speculation, land has been particularly important as a store of value.Centro de Economia Política2016-03-01info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersiontext/htmlhttp://old.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572016000100109Brazilian Journal of Political Economy v.36 n.1 2016reponame:Revista de Economia Políticainstname:EDITORA 34instacron:EDITORA_3410.1590/0101-31572016v36n01a07info:eu-repo/semantics/openAccessTELLES,TIAGO SANTOSPALLUDETO,ALEX WILHANS ANTONIOREYDON,BASTIAAN PHILIPeng2016-02-16T00:00:00Zoai:scielo:S0101-31572016000100109Revistahttps://centrodeeconomiapolitica.org.br/repojs/index.php/journalONGhttps://centrodeeconomiapolitica.org.br/repojs/index.php/journal/oai||cecilia.heise@bjpe.org.br1809-45380101-3157opendoar:2016-02-16T00:00Revista de Economia Política - EDITORA 34false |
dc.title.none.fl_str_mv |
Price movement in the Brazilian land market (1994-2010): an analysis in the light of post-Keynesian theory |
title |
Price movement in the Brazilian land market (1994-2010): an analysis in the light of post-Keynesian theory |
spellingShingle |
Price movement in the Brazilian land market (1994-2010): an analysis in the light of post-Keynesian theory TELLES,TIAGO SANTOS land prices post-Keynesian Brazilian economy |
title_short |
Price movement in the Brazilian land market (1994-2010): an analysis in the light of post-Keynesian theory |
title_full |
Price movement in the Brazilian land market (1994-2010): an analysis in the light of post-Keynesian theory |
title_fullStr |
Price movement in the Brazilian land market (1994-2010): an analysis in the light of post-Keynesian theory |
title_full_unstemmed |
Price movement in the Brazilian land market (1994-2010): an analysis in the light of post-Keynesian theory |
title_sort |
Price movement in the Brazilian land market (1994-2010): an analysis in the light of post-Keynesian theory |
author |
TELLES,TIAGO SANTOS |
author_facet |
TELLES,TIAGO SANTOS PALLUDETO,ALEX WILHANS ANTONIO REYDON,BASTIAAN PHILIP |
author_role |
author |
author2 |
PALLUDETO,ALEX WILHANS ANTONIO REYDON,BASTIAAN PHILIP |
author2_role |
author author |
dc.contributor.author.fl_str_mv |
TELLES,TIAGO SANTOS PALLUDETO,ALEX WILHANS ANTONIO REYDON,BASTIAAN PHILIP |
dc.subject.por.fl_str_mv |
land prices post-Keynesian Brazilian economy |
topic |
land prices post-Keynesian Brazilian economy |
description |
ABSTRACT The present study aims to evaluate crop, pasture and forest land prices in Brazil, between 1994 and 2010, in the light of Post-Keynesian theory. The results provide evidence that land, more than just a simple factor of production, must be conceived of as an economic asset. In fact, the price of rural land is determined not only by the expected profitability deriving from agricultural activities but also by the agents' expectations about its future appreciation and liquidity in an economic environment permeated with uncertainty. In this context, as an object of speculation, land has been particularly important as a store of value. |
publishDate |
2016 |
dc.date.none.fl_str_mv |
2016-03-01 |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://old.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572016000100109 |
url |
http://old.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572016000100109 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.none.fl_str_mv |
10.1590/0101-31572016v36n01a07 |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
text/html |
dc.publisher.none.fl_str_mv |
Centro de Economia Política |
publisher.none.fl_str_mv |
Centro de Economia Política |
dc.source.none.fl_str_mv |
Brazilian Journal of Political Economy v.36 n.1 2016 reponame:Revista de Economia Política instname:EDITORA 34 instacron:EDITORA_34 |
instname_str |
EDITORA 34 |
instacron_str |
EDITORA_34 |
institution |
EDITORA_34 |
reponame_str |
Revista de Economia Política |
collection |
Revista de Economia Política |
repository.name.fl_str_mv |
Revista de Economia Política - EDITORA 34 |
repository.mail.fl_str_mv |
||cecilia.heise@bjpe.org.br |
_version_ |
1754122481763876864 |