We study the capitalisation of subsidies in the European Union (EU) regions in the years 2006-2008, the first years after the introduction of the Common Agricultural Policy (CAP) 2003 reform that decoupled subsidies from production and attached them to land. For this purpose, we use regional...

Giving empirical application to spatial econometrics models is the main fall in the economic theory approach. Controlling for spatial correlation and dependence is becoming an important part in farmland valuation literature. Farmland is the most basic resources for agricultural production. Price...