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Land Sales and Rental Markets in Transition: Evidence from Rural Vietnam

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  • Klaus Deininger
  • Songqing Jin

Abstract

Impact and desirability of land transfers in post‐socialist‐transition economies have been subject of considerable debate. We use data from Vietnam to identify factors conducive to the development of land markets and to assess potentially differential impacts of rental and sales. Results show that both rental and sales transfer land to more productive producers but that rental is more important for the poor to access land that becomes available as the non‐farm economy develops. The fact that secure land rights significantly increase supply of land to the rental market suggests that government has a key role in facilitating emergence and functioning of efficiency‐enhancing land markets.

Suggested Citation

  • Klaus Deininger & Songqing Jin, 2008. "Land Sales and Rental Markets in Transition: Evidence from Rural Vietnam," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 70(1), pages 67-101, February.
  • Handle: RePEc:bla:obuest:v:70:y:2008:i:1:p:67-101
    DOI: 10.1111/j.1468-0084.2007.00484.x
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