The Effects of Land Markets on Resource Allocation and Agricultural Productivity
Chaoran Chen,
Diego Restuccia and
Raul Santaeulalia-Llopis (rs8561@nyu.edu)
Working Papers from University of Toronto, Department of Economics
Abstract:
We assess the role of land markets on factor misallocation in Ethiopia--where land is owned by the state--by exploiting policy-driven variation in land rentals across time and space arising from a recent land certification reform. Our main finding from detailed micro data is that land rentals significantly reduce misallocation and increase agricultural productivity. These effects are nonlinear across farms--impacting more those farms farther away from their efficient operational scale. The effect of land rentals on productivity is 70 percent larger when controlling for non-market rentals--those with a pre-harvest rental rate of zero. Land rentals significantly increase the adoption of new technologies, especially fertilizer use.
Keywords: Productivity; agriculture; land markets; rentals; misallocation; micro data. (search for similar items in EconPapers)
JEL-codes: E02 O11 O13 O55 Q1 (search for similar items in EconPapers)
Pages: Unknown pages
Date: 2017-11-11
New Economics Papers: this item is included in nep-afr, nep-agr, nep-dev, nep-eff and nep-mac
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Citations: View citations in EconPapers (34)
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https://www.economics.utoronto.ca/public/workingPapers/tecipa-592.pdf Main Text (application/pdf)
Related works:
Journal Article: The Effects of Land Markets on Resource Allocation and Agricultural Productivity (2022)
Working Paper: The Effects of Land Markets on Resource Allocation and Agricultural Productivity (2021)
Working Paper: The Effects of Land Markets on Resource Allocation and Agricultural Productivity (2020)
Working Paper: The Effects of Land Markets on Resource Allocation and Agricultural Productivity (2020)
Working Paper: The Effects of Land Markets on Resource Allocation and Agricultural Productivity (2019)
Working Paper: The Effects of Land Markets on Resource Allocation and Agricultural Productivity (2018)
Working Paper: The Effects of Land Markets on Resource Allocation and Agricultural Productivity (2017)
Working Paper: The Effects of Land Markets on Resource Allocation and Agricultural Productivity (2017)
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