EconPapers    
Economics at your fingertips  
 

The Effects of Land Redistribution: Evidence from the French Revolution

Theresa Finley, Raphael Franck () and Noel Johnson ()

No 8622, CESifo Working Paper Series from CESifo

Abstract: This study exploits the confiscation and auctioning off of Church property that occurred during the French Revolution to assess the role played by transaction costs in delaying the reallocation of property rights in the aftermath of fundamental institutional reform. French districts with a greater proportion of land redistributed during the Revolution experienced higher levels of agricultural productivity in 1841 and 1852 as well as more investment in irrigation and more efficient land use. We trace these increases in productivity to an increase in land inequality associated with the Revolutionary auction process. We also show how the benefits associated with the head-start given to districts with more Church land initially, and thus greater land redistribution by auction during the Revolution, dissipated over the course of the nineteenth century as other districts gradually overcame the transaction costs associated with reallocating the property rights associated with the feudal system.

Keywords: institutions; property rights; French Revolution; Coase Theorem (search for similar items in EconPapers)
JEL-codes: D47 N53 O43 P14 (search for similar items in EconPapers)
Date: 2020
New Economics Papers: this item is included in nep-agr and nep-his
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
https://www.cesifo.org/DocDL/cesifo1_wp8622.pdf (application/pdf)

Related works:
Working Paper: The Effects of Land Redistribution: Evidence from the French Revolution (2020) Downloads
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:ces:ceswps:_8622

Access Statistics for this paper

More papers in CESifo Working Paper Series from CESifo Contact information at EDIRC.
Bibliographic data for series maintained by Klaus Wohlrabe ().

 
Page updated 2021-10-06
Handle: RePEc:ces:ceswps:_8622