The effects of property rights on investment are typically hypothesized to occur through a security-induced investment demand and a collateral-based credit supply. Using a two period model, this paper shows that for farms that are constrained in their access to liquidity, the investment demand effect will itself induce an increase in the endogenous shadow price of liquidity. Other things equal, this induced increase in the price of liquidity will discourage capital accumulation, and that the desired stock of expropriation-immune movable capital may decrease with tenure security.

Impact Assessment Study of Socio-Economic Development Programmes in Himachal Pradesh, sponsored by the Planning Commission, Government of India has been conducted by Asia pacific Socio-Economic Research Institute, New Delhi from December 1999 to February 2000. 

This article discusses issues surrounding land reform in Kenya. As the nature of land reforms is as yet undecided, disparate suggestions and proposals are being considered. These include:Land Ownership Ceilings. There are vast inequalities in land ownership. Indeed, non-indigenous Kenyans or corporations that are not significantly Kenyan own the largest consolidated quantities of Kenyan lands. Ceilings on land ownership, would encourage more equitable distribution of land, perhaps facilitating more effective production and a reduction in food security problems.

We develop a theoretical model of land prices and urban expansion and derive a reduced-form expression for agricultural land values. This result dictates the specification of our econometric model in terms of variable choice and functional form. We find strong support for the model in an application to New York.

This paper uses a profit function theoretical approach and three stage least squares regression analysis for examining the relationship between land-intensifying technologies and deforestation in the Peruvian Amazon. This modeling approach permits analysis of the determinants of input technology adoption and how input technology choice effects deforestation rates.