Land allocation in Vietnam's agrarian transition

Martin Ravallion and Dominique Van der Walle
Authors registered in the RePEc Author Service: Dominique van de Walle

No 2951, Policy Research Working Paper Series from The World Bank

Abstract: While liberalizing key factor markets is a crucial step in the transition from a socialist control-economy to a market economy, the process can be stalled by imperfect information, high transaction costs, and covert resistance from entrenched interests. The authors study land-market adjustment in the wake of Vietnam's reforms aiming to establish a free market in land-use rights following de-collectivization. Inefficiencies in the initial administrative allocation are measured against an explicit counterfactual market solution. The authors'tests using a farm-household panel data set spanning the reforms suggest that land allocation responded positively but slowly to the inefficiencies of the administrative allocation. They find no sign that the transition favored the land rich or that it was thwarted by the continuing power over land held by local officials.

Keywords: Climate Change; Environmental Economics&Policies; Land Use and Policies; Agricultural Knowledge&Information Systems; Water Conservation; Environmental Economics&Policies; Forestry; Urban Housing; Agricultural Knowledge&Information Systems; Rural Land Policies for Poverty Reduction (search for similar items in EconPapers)
Date: 2003-01-31
New Economics Papers: this item is included in nep-agr and nep-tra
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (16)

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