Don´t do Land Reform: a simple theorem

Miguel Rocha de Sousa and Vanessa S. Duarte

International Journal of Finance, Insurance and Risk Management, 2016, vol. 6, issue 4, 1210

Abstract: We assess the general impact of land reforms on growth using human capital growth models due to Arrow (1962) - the main newness of the paper- after surveying the literature and building a typology. Thus, we conclude that land reform can yet been used as a modern tool to spur growth and development, but with our approach we can define the main limits and constraints that can block this growth. We conclude that a raise in undifferentiated wages after land reform leads to an unrecoverable society welfare loss; thus, yielding a lesson to political agents’ decision-makers elected after land reforms – wage raise land reform should not be used as an electoral motto.

Keywords: Land Reform; Human Capital; Arrowian LBD; Don’t do land reform; Typology of land reforms (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:ers:ijfirm:v:6:y:2016:i:4:p:1210

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