Land Tenure Insecurity and Economic Growth in Brazil

Claudio Araujo, Catherine Araujo Bonjean (), Jean-Louis Combes and Pascale Combes Motel ()
Additional contact information
Pascale Combes Motel: CERDI - Centre d'Études et de Recherches sur le Développement International - UdA - Université d'Auvergne - Clermont-Ferrand I - CNRS - Centre National de la Recherche Scientifique
Authors registered in the RePEc Author Service: Pascale Motel Combes ()

Post-Print from HAL

Abstract: We examine the consequences of land tenure insecurity on economic growth in Brazil. We use an overlapping generations model with two sectors: an agricultural sector and a manufacturing sector. Land is specific to the agricultural sector and capital goods are specific to the manufacturing sector. Moreover land is a fixed production factor. Saving takes the form of either land or capital goods purchases, and saving composition depends on transaction costs generated by land tenure insecurity. It is shown that land tenure insecurity implies a decrease in land prices and a reallocation of savings in favour of capital goods. Two econometric restrictions can be tested on a panel of the Brazilian federation states: land tenure insecurity has a negative impact on land prices and a positive one on economic growth. Land tenure insecurity is proxied by the number of squatters. These two restrictions are not rejected.

Keywords: Land tenure insecurity; Squatters; Overlapping generations model; Land prices; Economic growth; Brazil (search for similar items in EconPapers)
Date: 2006
References: Add references at CitEc
Citations:

Published in Revue d'Economie du Développement, 2006, n° 1, pp.75-91

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
Journal Article: Land Tenure Insecurity and Economic Growth in Brazil (2006)
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:hal:journl:hal-00187038

Access Statistics for this paper

More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD ().