Table 7. Results of the DOLS model for...

Table 7.

Results of the DOLS model for farmland prices

Dependent variable: farmland prices
Explnatory variables	Coefficient	p-value
Australian cash rate [CR]	−3.789	0.01**
Estimated resident population [ERP]	0.029	0.37
Median annual regional income [MRI]	0.440	0.00***
Constant	−8454.40	0.25
Adjusted R-squared	0.90

Dependent variable: farmland prices
Explnatory variables	Coefficient	p-value
Australian cash rate [CR]	−3.789	0.01**
Estimated resident population [ERP]	0.029	0.37
Median annual regional income [MRI]	0.440	0.00***
Constant	−8454.40	0.25
Adjusted R-squared	0.90

Note(s):

Results of the long-run effects (DOLS model) of key market variables – cash rate, estimated resident population of the Central Coast, and the median annual regional income on the price per hectare for farmlands in the Coastal areas of NSW. The signs ***, ** and * denote that the variable is statistically significant at the 1, 5 and 10% significance level, respectively

[ViewLarge]

Sharing Unavailable