Large Scale Foreign Land Deals and Agricultural Trade in Africa

Adeyemi A. Ogundipe, Opeyemi Akinyemi and Oluwatomisin M. Ogundipe

Asian Journal of Agricultural Extension, Economics & Sociology, 2015, vol. 7, issue 3

Abstract: This study investigates the implications of foreign land deals in Africa especially with regard to agricultural trade. It is motivated essentially by large scale foreign land deals in Africa, Latin America, Central Asia and Southeast Asia. The empirical model adopted is based on institutional development theory and estimated using the Generalized Method of Moments (GMM). The study found that large scale foreign land deals (LSFLDs) impact negatively on agricultural export in selected countries and the indexes of institutional framework used were found to be significant. Likewise, agricultural land becomes highly significant with relatively larger magnitude when interacted with institutional indexes. This therefore implies that as more agricultural land is acquired, agricultural export tends to dwindle and incidences of food insecurity are heightened. The evidence from empirical investigation suggests the need for controlling the issue of massive foreign land deals through viable institutional framework, which can be engendered by building sound legal and procedural measures that will protect local rights and take into account the aspirations of local farmers and the welfare of citizenry.

Keywords: International; Relations/Trade (search for similar items in EconPapers)
Date: 2015
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
https://ageconsearch.umn.edu/record/357359/files/Ogundipe732015AJAEES13231.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:ajaees:357359

Access Statistics for this article

More articles in Asian Journal of Agricultural Extension, Economics & Sociology from Asian Journal of Agricultural Extension, Economics & Sociology
Bibliographic data for series maintained by AgEcon Search ().