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Displaying 106 - 110 of 447Land Reform
A recent literature in development economics has focused renewed attention on land redistribution. Driven in part by political events in countries like Zimbabwe, the literature has sought to understand the economic implications of land reform. Much of this literature focuses on credit market imperfections and the role of land as collateral. Redistribution of land allows poor farmers to borrow, invest, and thus escape poverty. But in terms of aggregate production, redistributing land may have positive, negative, or neutral effects on output.
Land Distribution, Incentives and the Choice of Production Techniques in Nicaragua
Does the distribution of land rights affect the choice of contractible techniques? I present evidence suggesting that Nicaraguan farmers are more likely to grow effort-intensive crops on owned rather than on rented plots. I consider two theoretical arguments that illustrate why property rights might matter. In the first the farmer is subject to limited liability; in the second the owner cannot commit to output-contingent contracts. In both cases choices might be inefficient regardless of land distribution. The efficiency loss, however, is lower when the farmer owns the land.
How institutions shape land deals: The role of corruption
Large-scale land acquisitions, or land grabs, concentrate in developing countries which are also known for their corruption-friendly setting caused by a weak institutional framework. We argue that corrupt elites exploit this given institutional set-up to strike deals with international investors at the expense of the local population. Using panel data for 157 countries from 2000-2011, we provide evidence that these land deals indeed occur more often in countries with higher levels of corruption.
Land Ownership and Development Incentives: the Capitalization Externality.
land ; property ; production
Welfare Economic Aspects of Land Use Planning
This paper develops a unifying framework for spatial and environmental economics, based on equilibrium considerations for population games. The main contribution of this paper consists of introducing a consistent concept for spatial welfare. Following the introduction of estimable locational sorting models for valuation methods in environmental economics, the relationship between the theoretical underpinnings of the hedonic pricing model and the bid rent concept in urban economics is re-examined.