Land Property Rights and Investment Incentives in Movable Farm Assets: Evidence from Post-Soviet Central Asia

Zafar Kurbanov (), Nodir Djanibekov and Thomas Herzfeld
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Zafar Kurbanov: Leibniz Institute of Agricultural Development in Transition Economies (IAMO)
Nodir Djanibekov: Leibniz Institute of Agricultural Development in Transition Economies (IAMO)
Thomas Herzfeld: Leibniz Institute of Agricultural Development in Transition Economies (IAMO)

Comparative Economic Studies, 2025, vol. 67, issue 2, No 5, 396-425

Abstract: Abstract We examined whether perceived land rights—use, management, transfer, and tenure security—are associated with investment in movable farm assets. Using micro-level data from crop-specialized farmers in Kazakhstan and Uzbekistan, we distinguish investment incentives linked to tenure security, transferability, and decision-making autonomy (use and management rights). Comparing market-oriented versus government-controlled contexts provides insights into differential role of land rights on investment behavior. Our findings underscore significant investment incentives linked to use and management rights rather than tenure security or transferability. Moreover, we reveal how country-specific institutional contexts influence the effectiveness of these land rights in stimulating agricultural investments.

Keywords: Property rights; Tenure security; Investment; Movable farm assets; Transition economy; Central Asia (search for similar items in EconPapers)
JEL-codes: P14 P26 Q12 Q15 (search for similar items in EconPapers)
Date: 2025
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DOI: 10.1057/s41294-024-00251-z

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