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Type: Artigo
Title: Price Movement In The Brazilian Land Market (1994-2010): An Analysis In The Light Of Post-keynesian Theory
Title Alternative: Evolução Dos Preços No Mercado Brasileiro De Terras (1994-2010): Uma Análise à Luz Da Teoria Pós-keynesiana
Author: Telles
Tiago Santos; Palludeto
Alex Wilhans Antonio; Reydon
Bastiaan Philip
Abstract: The present study aims to evaluate crop, pasture and forest land prices in Brazil, between 1994 and 2010, in the light of Post-Keynesian theory. The results provide evidence that land, more than just a simple factor of production, must be conceived of as an economic asset. In fact, the price of rural land is determined not only by the expected profitability deriving from agricultural activities but also by the agents' expectations about its future appreciation and liquidity in an economic environment permeated with uncertainty. In this context, as an object of speculation, land has been particularly important as a store of value.
Subject: Preço Da Terra
Economia Brasileira
Land Prices
Brazilian Economy
Editor: Editora 34
Citation: Revista De Economia Política. Editora 34, v. 36, n. 1, p. 109 - 129
Rights: aberto
Date Issue: 2016
Appears in Collections:Unicamp - Artigos e Outros Documentos

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