Land Sales and Rental Markets in Transition

Land Sales and Rental Markets in Transition

Author: Klaus W. Deininger

Publisher: World Bank Publications

Published: 2003

Total Pages: 35

ISBN-13:

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The extent to which households should be allowed to transfer their land rights in post-socialist transition economies is of considerable policy interest. The authors use data from Vietnam, a transition country that allows rental and sales of land use rights, to identify factors conducive to the development of land markets and to assess the extent to which land transfers enhance productive efficiency and transfer land to the poor. They find that activity in both rental and sales markets has increased rapidly, enhanced by the possession of long-term use rights and off-farm employment, and contributing to greater equity and efficiency of land use. While there is evidence for distress sales by households that experience a shock (death), the scope for such sales is reduced by well-functioning credit markets. Well-defined land rights and appropriate safety nets will thus help transition economies to realize the benefits from the operation of land markets.


Land Sales and Rental Markets in Transition

Land Sales and Rental Markets in Transition

Author: Klaus Deininger

Publisher:

Published: 2008

Total Pages:

ISBN-13:

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Impact and desirability of land transfers in post-socialist-transition economies have been subject of considerable debate. We use data from Vietnam to identify factors conducive to the development of land markets and to assess potentially differential impacts of rental and sales. Results show that both rental and sales transfer land to more productive producers but that rental is more important for the poor to access land that becomes available as the non-farm economy develops. The fact that secure land rights significantly increase supply of land to the rental market suggests that government has a key role in facilitating emergence and functioning of efficiency-enhancing land markets.


Land in Transition

Land in Transition

Author: Martin Ravallion

Publisher: World Bank Publications

Published: 2008-04-07

Total Pages: 218

ISBN-13: 0821372769

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This book is a case study of Vietnam's efforts to fight poverty using market-oriented land reforms. In the 1980s and 1990s, the country undertook major institutional reforms, and an impressive reduction in poverty followed. But what role did the reforms play? Did the efficiency gains from reform come at a cost to equity? Were there both winners and losers? Was rising rural landlessness in the wake of reforms a sign of success or failure? 'Land in Transition' investigates the impacts on living standards of the two stages of land law reform: in 1988, when land was allocated to households administratively and output markets were liberalized; and in 1993, when official land titles were introduced and land transactions were permitted for the first time since communist rule began. To fully assess the poverty impacts of these changes, the authors' analysis of household surveys is guided by both economic theory and knowledge of the historical and social contexts. The book delineates lessons from Vietnam's experience and their implications for current policy debates in China and elsewhere.


Determinants and Consequences of Land Sales Market Participation: Panel Evidence from India

Determinants and Consequences of Land Sales Market Participation: Panel Evidence from India

Author: Klaus Deininger

Publisher: World Bank Publications

Published: 2012

Total Pages: 29

ISBN-13:

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Although opinions on impacts of land market transfers are sharply divided, few studies explore the welfare and productivity effects of land markets on a larger scale. This paper uses a large Indian panel spanning almost 20 years, together with a climatic shock (rainfall) indicator, to assess the productivity and equity effects of market-mediated land transfers (sale and purchase) compared with non-market ones (inheritance). The analysis shows that frequent shocks increase land market activity, an effect that is mitigated by the presence of safety nets and banks. Land sales markets improved productivity and helped purchasers, many of whom were formerly landless, to accumulate non-land assets and significantly enhance their welfare.


Efficiency and Equity Impacts of Rural Land Rental Restrictions: Evidence from India

Efficiency and Equity Impacts of Rural Land Rental Restrictions: Evidence from India

Author: Klaus Deininger

Publisher: World Bank Publications

Published: 2007

Total Pages: 33

ISBN-13:

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Recognition of the potentially deleterious implications of inequality in opportunity originating in a skewed asset distribution has spawned considerable interest in land reforms. However, little attention has been devoted to the fact that, in the longer-term, the measures used to implement land reforms, especially rental restrictions, could negatively affect productivity. Use of state level data on rental restrictions, together with a nationally representative survey from India suggests that, contrary to original intentions, rental restrictions negatively affect productivity and equity by reducing scope for efficiency-enhancing rental transactions that benefit poor producers. Simulations suggest that, by doubling the number of producers with access to land through rental, from about 15 million currently, liberalization of rental markets could have far-reaching impacts.


Millions Fed

Millions Fed

Author: David J. Spielman

Publisher: Intl Food Policy Res Inst

Published: 2009

Total Pages: 179

ISBN-13: 089629661X

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Humanity has made enormous progress in the past 50 years toward eliminating hunger and malnutrition. Some five billion people--more than 80 percent of the world's population--have enough food to live healthy, productive lives. Agricultural development has contributed significantly to these gains, while also fostering economic growth and poverty reduction in some of the world's poorest countries.


Growth, Structural Transformation, and Rural Change in Viet Nam

Growth, Structural Transformation, and Rural Change in Viet Nam

Author: Finn Tarp

Publisher: Oxford University Press

Published: 2017

Total Pages: 333

ISBN-13: 019879696X

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Provides in-depth evaluation of the development of rural life in Viet Nam over the past decade, combining a unique primary source of time-series panel data with the best micro-econometric analytical tools available.