Advanced search
Publication Cover
Applied Economics Letters Volume 28, 2021 - Issue 6
Submit an article Journal homepage
176
Views
1
CrossRef citations to date
0
Altmetric
Research Article

Use of panel time-series data with cross-section dependence in evaluating farmland valuation: a cautionary note

Zahra TayebiFood and Resource Economics Department, University of Florida, Gainesville, FL, USA
,
Gülcan ÖnelFood and Resource Economics Department, University of Florida, Gainesville, FL, USACorrespondence[email protected]
ORCID Iconhttps://orcid.org/0000-0002-1446-1356
ORCID Icon &
Charles B. MossFood and Resource Economics Department, University of Florida, Gainesville, FL, USAORCID Iconhttps://orcid.org/0000-0002-1172-7112
ORCID Icon
Pages 487-492 | Published online: 15 May 2020

References

  • Bai, J., and S. Ng. 2004. “A PANIC Attack on Unit Roots and Cointegration.” Econometrica 72 (4): 1127–1177. doi:10.1111/j.1468-0262.2004.00528.x.
  • Campbell, J. Y., and R. J. Shiller. 1988. “The Dividend-price Ratio and Expectations of Future Dividends and Discount Factors.” The Review of Financial Studies 1 (3): 195–228. doi:10.1093/rfs/1.3.195.
  • Engsted, T. 1998. “Do Farmland Prices Reflect Rationally Expected Future Rents?” Applied Economics Letters 5 (2): 75–79. doi:10.1080/758523507.
  • Falk, B. 1991. “Formally Testing the Present Value Model of Farmland Prices.” American Journal of Agricultural Economics 73 (1): 1–10. doi:10.2307/1242877.
  • Giacomini, R., D. N. Politis, and H. White. 2013. “A Warp-speed Method for Conducting Monte Carlo Experiments Involving Bootstrap Estimators.” Econometric Theory 29 (3): 567–589. doi:10.1017/S0266466612000655.
  • Im, K. S., M. H. Pesaran, and Y. Shin. 2003. “Testing for Unit Roots in Heterogeneous Panels.” Journal of Econometrics 115 (1): 53–74. doi:10.1016/S0304-4076(03)00092-7.
  • Levin, A., C. F. Lin, and C. S. J. Chu. 2002. “Unit Root Tests in Panel Data: Asymptotic and Finite-sample Properties.” Journal of Econometrics 108 (1): 1–24. doi:10.1016/S0304-4076(01)00098-7.
  • Ng, S., and P. Perron. 2001. “Lag Length Selection and the Construction of Unit Root Tests with Good Size and Power.” Econometrica 69 (6): 1519–1554. doi:10.1111/1468-0262.00256.
  • Palm, F. C., S. Smeekes, and J. P. Urbain. 2011. “Cross-sectional Dependence Robust Block Bootstrap Panel Unit Root Tests.” Journal of Econometrics 163 (1): 85–104. doi:10.1016/j.jeconom.2010.11.010.
  • Pesaran, M. H. 2004. “General Diagnostic Tests for Cross Section Dependence in Panels.” CESifo Working Paper Series No. 1229; IZA Discussion Paper No. 1240. http://ssrn.com/abstract=572504
  • Yu, J., and L. F. Lee. 2010. “Estimation of Unit Root Spatial Dynamic Panel Data Models.” Econometric Theory 26 (5): 1332–1362. doi:10.1017/S0266466609990600.

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Order Reprints Request Corporate Permissions

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

Request Academic Permissions

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.

Related research

People also read lists articles that other readers of this article have read.

Recommended articles lists articles that we recommend and is powered by our AI driven recommendation engine.

Cited by lists all citing articles based on Crossref citations.
Articles with the Crossref icon will open in a new tab.