The price of agricultural land in Bulgaria - selected factors
The price of agricultural land in Bulgaria - selected factors

Author(s): Ventsislav Perkov, Radka Nenova
Subject(s): Economy, Agriculture
Published by: Университет за национално и световно стопанство (УНСС)
Keywords: agricultural land price; factors; stepwise regression; panel regression; fixed effect model
Summary/Abstract: The main goal of the report is to build a model to highlight the significant factors affecting the price of agricultural land in Bulgaria. Panel data for 9 years and 25 districts were used. Fixed-effect panel regression and stepwise regression were applied. The empirical results prove that the price of agricultural land in Bulgaria, for the considered period, is influenced by the relative share of households with access to the Internet, the length of first-class roads and the average annual salary of employed persons. The existing differences in the variables by area also have a strong influence.

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