The following paper outlines a new econometric model designed to capture both the temporal and spatial dynamics of housing prices. The paper combines existing spatial econometric techniques with a model that allows parameters to evolve over time. In addition, we provide an empirical application...

This paper investigates non-linearity in spatial processes models and allows for a gradual regime-switching structure in the form of a smooth transition autoregressive process. Until now, applications of the smooth transition autoregressive (STAR) model have been largely confined to the time...

This research evaluates the effects of a hypothetical land value tax as a smart growth policy to curtail urban sprawl in the mid-sized metropolitan areas of the Southeastern United States. The effectiveness of a hypothetical land value tax on moderating urban sprawl is determined by changes in...

Technology adoption in precision agriculture has received considerable attention, while abandonment has received little. Our objective was to identify factors motivating adoption and abandonment of precision soil sampling in cotton. Results indicate younger producers who farmed more cotton area,...

Farm operators are an integral part of some rural economies. The businesses they operate often hire seasonal and full-time employees and purchase goods and services from local farm implement dealers, input suppliers, and financial institutions. Farm household spending on food, furniture and...