What Drives the Global Land Rush?

Harris Selod (), Klaus Deininger and Rabah Arezki

No 2011/251, IMF Working Papers from International Monetary Fund

Abstract: This paper studies the determinants of foreign land acquisition for large-scale agriculture. To do so, gravity models are estimated using data on bilateral investment relationships, together with newly constructed indicators of agro-ecological suitability in areas with low population density as well as indicators of land rights security. Results confirm the central role of agro-ecological potential as a pull factor. In contrast to the literature on foreign investment in general, the quality of the business climate is insignificant whereas weak land governance and tenure security for current users make countries more attractive for investors. Implications for policy are discussed.

Keywords: WP; destination country; land governance indicator; host country characteristic; investor country variable; land governance index; origin country; Land Acquisition; Large-Scale Agriculture; Foreign Investments Agro-Ecological Potential; Land Availability; Land Governance; Property Rights; smallholder land ownership-such as Costa Rica; Food imports; Foreign direct investment; Capital flows; Land prices; Global; Sub-Saharan Africa (search for similar items in EconPapers)
Pages: 35
Date: 2011-11-01
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Citations: View citations in EconPapers (20)

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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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