| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w24034 |
| 来源ID | Working Paper 24034 |
| The Effects of Land Markets on Resource Allocation and Agricultural Productivity | |
| Chaoran Chen; Diego Restuccia; Raül Santaeulàlia-Llopis | |
| 发表日期 | 2017-11-20 |
| 出版年 | 2017 |
| 语种 | 英语 |
| 摘要 | We assess the effects of land markets on misallocation and productivity both empirically and quantitatively. Exploiting variation from a land certification reform across time and space in Ethiopia, we find that certification facilitates rentals and improves agricultural productivity. We calibrate a quantitative macroeconomic model with heterogeneous household farms facing institutional costs to land markets using the micro panel data. The effect of a counterfactual reallocation from no rentals to efficient rentals increases zone-level agricultural productivity by 43 percent on average. While our estimated institutional costs are strongly associated with land certification across zones, there are nontrivial residual frictions to rental market activity, implying that land certification only partially captures the overall effects of rentals. A full certification reform accounts for just one-fourth of the overall productivity gains from land rentals. This result highlights the importance of comprehensive reforms alleviating frictions to land transactions beyond the granting of certificates. |
| 主题 | Macroeconomics ; Development and Growth ; Development ; Country Studies ; Environmental and Resource Economics ; Agriculture |
| URL | https://www.nber.org/papers/w24034 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/581708 |
| 推荐引用方式 GB/T 7714 | Chaoran Chen,Diego Restuccia,Raül Santaeulàlia-Llopis. The Effects of Land Markets on Resource Allocation and Agricultural Productivity. 2017. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w24034.pdf（607KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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