Empirical studies on farmland rental rates have predominantly concentrated on modelling conditional means using spatial autoregressive models, where a linear functional form between the response and the covariates is usually assumed. However, if it is in fact non-linear, misspecifying the...

This paper is the first to provide both theoretical and empirical evidence of farmlandglobalization whereby international investors directly acquire large tracts of agricultural landin other countries. A theoretical framework explains the geography of farmland acquisitionsas a function of...

The concept of creating public goods by land factor is often considered in literature, but its theoretical foundations are quite debatable. The theories of land rent in mainstream economics stand at the position that land factor alone does not create any utility, which means that it does not...