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Land sales and rental markets in transition - evidence from rural Viet Nam

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Author Info
Deininger, Klaus
Songqing Jin

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Abstract

The extent to which households should be allowed to transfer their land rights in post-socialist transition economies is of considerable policy interest. The authors use data from Vietnam, a transition country that allows rental and sales of land use rights, to identify factors conducive to the development of land markets and to assess the extent to which land transfers enhance productive efficiency and transfer land to the poor. They find that activity in both rental and sales markets has increased rapidly, enhanced by the possession of long-term use rights and off-farm employment, and contributing to greater equity and efficiency of land use. While there is evidence for distress sales by households that experience a shock (death), the scope for such sales is reduced by well-functioning credit markets. Well-defined land rights and appropriate safety nets will thus help transition economies to realize the benefits from the operation of land markets.

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Paper provided by The World Bank in its series Policy Research Working Paper Series with number 3013.

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Date of creation: 30 Apr 2003
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Handle: RePEc:wbk:wbrwps:3013

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Keywords: Banks&Banking Reform Agribusiness&Markets Land Use and Policies EnvironmentalEconomics&Policies Municipal Financial Management Environmental Economics&Policies Banks&Banking Reform Agribusiness&Markets Rural Land Policies for Poverty Reduction Municipal Financial Management

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  1. Ravallion, Martin & van de Walle, Dominique, 2006. "Does rising landlessness signal success or failure for Vietnam ' s agrarian transition?," Policy Research Working Paper Series 3871, The World Bank. [Downloadable!]
    Other versions:
  2. Johan Swinnen & Liesbet Vranken, 2003. "Land Rental Markets and Household Farms in Transition: Theory and Evidence from Hungary," LICOS Discussion Papers 12903, LICOS - Centre for Institutions and Economic Performance, K.U.Leuven. [Downloadable!]
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