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We argue that positive co-movements between land prices and business investment are a driving force behind the broad impact of land-price dynamics on the macroeconomy. We develop an economic mechanism that captures the co-movements by incorporating two key features into a DSGE model: We...
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Public lands in Southern and Central Appalachia (SCA) available for outdoor recreational pursuits are limited relative to the rest of the county. This study identifies factors that encourage private land owners to permit public access to their land for recreational purposes and determines how...
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