Land Prices and Fundamentals

Preprint OPEN
Koji Nakamura; Yumi Saita;
(2007)
  • Subject: weighted-average land price indicators; discounted present value of land; cointegration analysis; error-correction model
    • jel: jel:C32 | jel:E39

This paper examines the long-term relationship between macro economic fundamentals and the weighted-average land price indicators, which are supposed to be more appropriate than the official land price indicators when analyzing their impacts on the macro economy. In man... View more
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    10 15 20 25 30 Population share, SNA share (Note) The weights are calculated for 13 regions (average from 1980 to 1992): Hokkaido, Tohoku, Ibaraki-Tochigi-Gunma, Saitama-Chiba-Kanagawa, Tokyo, Yamanashi and Nagano, Chubu, Hokuriku, Kinki, Chugoku, Shikoku, Kyushu, and Okinawa.

    0 1985 1990 1995 2000 SNA W eighted-average land prices Officially publis hed land prices

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