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Land Reform and Productivity: A Quantitative Analysis with Micro Data

Listed author(s):
  • Tasso Adamopoulos
  • Diego Restuccia

We assess the effects of a major land-policy change on farm size and agricultural productivity using a quantitative model and micro-level data. The 1988 land reform in the Philippines imposed a ceiling on land holdings and severely restricted the transferability of the redistributed land. In the model, the land reform reduces agricultural productivity not only by misallocating resources across farms, but also by distorting farmers' occupation and technology adoption decisions. On impact the reform reduces farm size by 34% and agricultural productivity by 17%. A market allocation of the above-ceiling land produces only 1/3 of the size and productivity effects.

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Paper provided by University of Toronto, Department of Economics in its series Working Papers with number tecipa-540.

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Length: Unknown pages
Date of creation: 15 May 2015
Handle: RePEc:tor:tecipa:tecipa-540
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  1. Chang-Tai Hsieh & Peter J Klenow, 2008. "Misallocation and Manufacturing TFP in China and India," 2008 Meeting Papers 121, Society for Economic Dynamics.
  2. Xu Yi & Nezih Guner & Gustavo Ventura, 2005. "Macroeconomic Implications of Size Dependent Policies," 2005 Meeting Papers 530, Society for Economic Dynamics.
  3. Oded Galor & Omer Moav & Dietrich Vollrath, 2009. "Inequality in Landownership, the Emergence of Human-Capital Promoting Institutions, and the Great Divergence," Review of Economic Studies, Oxford University Press, vol. 76(1), pages 143-179.
  4. Deininger, Klaus & Feder, Gershon, 1998. "Land institutions and land markets," Policy Research Working Paper Series 2014, The World Bank.
  5. Diego Restuccia & Richard Rogerson, 2007. "Policy Distortions and Aggregate Productivity with Heterogeneous Plants," NBER Working Papers 13018, National Bureau of Economic Research, Inc.
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  8. Douglas Gollin & David Lagakos & Michael E. Waugh, 2014. "The Agricultural Productivity Gap," The Quarterly Journal of Economics, Oxford University Press, vol. 129(2), pages 939-993.
  9. Tasso Adamopoulos, 2011. "Transportation Costs, Agricultural Productivity, And Cross‐Country Income Differences," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 52(2), pages 489-521, 05.
  10. Maitreesh Ghatak & Sanchari Roy, 2007. "Land reform and agricultural productivity in India: a review of the evidence," Oxford Review of Economic Policy, Oxford University Press, vol. 23(2), pages 251-269, Summer.
  11. Foster, Lucia & Haltiwanger, John C. & Syverson, Chad, 2005. "Reallocation, Firm Turnover, and Efficiency: Selection on Productivity or Profitability?," IZA Discussion Papers 1705, Institute for the Study of Labor (IZA).
  12. Douglas Gollin & David Lagakos & Michael E. Waugh, 2014. "Agricultural Productivity Differences across Countries," American Economic Review, American Economic Association, vol. 104(5), pages 165-170, May.
  13. David Lagakos & Michael E. Waugh, 2013. "Selection, Agriculture, and Cross-Country Productivity Differences," American Economic Review, American Economic Association, vol. 103(2), pages 948-980, April.
  14. Saturnino M. Borras, 2003. "Inclusion-exclusion in public policies and policy analyses: the case of Philippine land reform, 1972-2002," Journal of International Development, John Wiley & Sons, Ltd., vol. 15(8), pages 1049-1065.
  15. Diego Restuccia & Dennis Tao Yang & Xiaodong Zhu, 2007. "Agriculture and Aggregate Productivity: A Quantitative Cross-Country Analysis," Working Papers e07-3, Virginia Polytechnic Institute and State University, Department of Economics.
  16. Adriano, Lourdes S., 1991. "A General Assessment of the Comprehensive Agrarian Reform Program," Working Papers WP 1991-13, Philippine Institute for Development Studies.
  17. Douglas Gollin & Stephen Parente & Richard Rogerson, 2001. "Farm Work, Home Work and International Productivity Differences," Department of Economics Working Papers 2002-08, Department of Economics, Williams College.
  18. Diego Restuccia & Richard Rogerson, 2013. "Misallocation and productivity," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 16(1), pages 1-10, January.
  19. Francisco J. Buera & Joseph P. Kaboski & Yongseok Shin, 2011. "Finance and Development: A Tale of Two Sectors," American Economic Review, American Economic Association, vol. 101(5), pages 1964-2002, August.
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  22. repec:oup:qjecon:v:129:y:2014:i:2:p:939-993. is not listed on IDEAS
  23. Hans P. Binswanger-Mkhize & Camille Bourguignon & Rogier van den Brink, 2009. "Agricultural Land Redistribution : Toward Greater Consensus," World Bank Publications, The World Bank, number 2653.
  24. S.K. Bhutani, 2009. "China and India," India Quarterly: A Journal of International Affairs, , vol. 65(4), pages 383-391, October.
  25. Kenneth L. Sokoloff & Stanley L. Engerman, 2000. "Institutions, Factor Endowments, and Paths of Development in the New World," Journal of Economic Perspectives, American Economic Association, vol. 14(3), pages 217-232, Summer.
  26. Robert E. Lucas Jr., 1978. "On the Size Distribution of Business Firms," Bell Journal of Economics, The RAND Corporation, vol. 9(2), pages 508-523, Autumn.
  27. Tasso Adamopoulos & Diego Restuccia, 2013. "The Size Distribution of Farms and International Productivity Differences," Working Papers tecipa-480, University of Toronto, Department of Economics.
  28. Pranab Bardhan & Dilip Mookherjee, 2007. "Land Reform And Farm Productivity In West Bengal," Boston University - Department of Economics - The Institute for Economic Development Working Papers Series dp-163, Boston University - Department of Economics.
  29. Mariapia Mendola & Franklin Simtowe, 2014. "The Welfare Impact of Land Redistribution: Evidence from a Quasi-Experimental Initiative in Malawi," Development Working Papers 366, Centro Studi Luca d'Agliano, University of Milano, revised 07 Apr 2014.
  30. Virgiliu Midrigan & Daniel Yi Xu, 2014. "Finance and Misallocation: Evidence from Plant-Level Data," American Economic Review, American Economic Association, vol. 104(2), pages 422-458, February.
  31. Michael Maio & James Schmitz & Arilton Teixeira & Benjamin Bridgman, 2011. "Why Has Puerto Rico Performed So Poorly? Lessons from its Sugar Manufacturing Industry," 2011 Meeting Papers 1048, Society for Economic Dynamics.
  32. Abhijit V. Banerjee & Paul J. Gertler & Maitreesh Ghatak, 2002. "Empowerment and Efficiency: Tenancy Reform in West Bengal," Journal of Political Economy, University of Chicago Press, vol. 110(2), pages 239-280, April.
  33. Tasso Adamopoulos, 2008. "Land Inequality and the Transition to Modern Growth," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 11(2), pages 257-282, April.
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