What Drives the Global “Land Rush”?

Rabah Arezki, Klaus Deininger and Harris Selod (hselod@gmail.com)
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Harris Selod: Banque Mondiale - Banque Mondiale, PSE - Paris-Jourdan Sciences Economiques - ENS-PSL - École normale supérieure - Paris - PSL - Université Paris Sciences et Lettres - INRA - Institut National de la Recherche Agronomique - EHESS - École des hautes études en sciences sociales - ENPC - École nationale des ponts et chaussées - CNRS - Centre National de la Recherche Scientifique, PSE - Paris School of Economics - UP1 - Université Paris 1 Panthéon-Sorbonne - ENS-PSL - École normale supérieure - Paris - PSL - Université Paris Sciences et Lettres - EHESS - École des hautes études en sciences sociales - ENPC - École nationale des ponts et chaussées - CNRS - Centre National de la Recherche Scientifique - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement

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Abstract: We review evidence regarding the size and evolution of the "land rush" in the wake of the 2007–8 boom in agricultural commodity prices, and we study the determinants of foreign land acquisition for large-scale agricultural investment. The use of data on bilateral investment relationships to estimate gravity models of transnational land-intensive investments confirms the central role of agro-ecological potential as a pull factor. However, this finding contrasts the standard literature insofar as the quality of the destination country's business climate is insignificant, and weak tenure security is associated with increased interest for investors to acquire land in the country. Policy implications are discussed.

Keywords: land acquisition; agricultural investment (search for similar items in EconPapers)
Date: 2015-06
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Citations: View citations in EconPapers (23)

Published in World Bank Economic Review, 2015, 29 (2), pp.207-233. ⟨10.1093/wber/lht034⟩

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Related works:
Journal Article: What Drives the Global "Land Rush"? (2015)
Working Paper: What Drives the Global “Land Rush”? (2015)
Working Paper: What Drives the Global "Land Rush"? (2013)
Working Paper: What Drives the Global Land Rush? (2011)
Working Paper: What Drives the Global Land Rush? (2011)
Working Paper: What Drives the Global Land Rush? (2011)
Working Paper: What Drives the Global Land Rush? (2011)
Working Paper: What drives the global"land rush"? (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-01203031

DOI: 10.1093/wber/lht034

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