Property rights in a very poor country: tenure insecurity and investment in Ethiopia.
This article provides evidence from one of the poorest countries in the world that the institutions of property rights matter for efficiency, investment, and growth. With all land state-owned, the threat of land redistribution never appears far off the agenda. Land rental and leasing have been made...
| Main Authors: | , , |
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| Format: | Journal article |
| Language: | English |
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Blackwell Publishing Inc.
2011
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| _version_ | 1797090770587484160 |
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| author | Ali, D Dercon, S Gautam, M |
| author_facet | Ali, D Dercon, S Gautam, M |
| author_sort | Ali, D |
| collection | OXFORD |
| description | This article provides evidence from one of the poorest countries in the world that the institutions of property rights matter for efficiency, investment, and growth. With all land state-owned, the threat of land redistribution never appears far off the agenda. Land rental and leasing have been made legal, but transfer rights remain restricted and the perception of continuing tenure insecurity remains quite strong. Using a unique panel data set, this study investigates whether transfer rights and implied tenure insecurity affect household investment decisions, focusing on trees and shrubs. The panel data estimates suggest that limited perceived transfer rights negatively affects the long-term investment in Ethiopian agriculture, contributing to the low returns from land and perpetuating low growth and poverty. |
| first_indexed | 2024-03-07T03:23:29Z |
| format | Journal article |
| id | oxford-uuid:b83c3630-d34d-4d2e-8693-7c23e776543f |
| institution | University of Oxford |
| language | English |
| last_indexed | 2024-03-07T03:23:29Z |
| publishDate | 2011 |
| publisher | Blackwell Publishing Inc. |
| record_format | dspace |
| spelling | oxford-uuid:b83c3630-d34d-4d2e-8693-7c23e776543f2022-03-27T04:54:30ZProperty rights in a very poor country: tenure insecurity and investment in Ethiopia.Journal articlehttp://purl.org/coar/resource_type/c_dcae04bcuuid:b83c3630-d34d-4d2e-8693-7c23e776543fEnglishDepartment of Economics - ePrintsBlackwell Publishing Inc.2011Ali, DDercon, SGautam, MThis article provides evidence from one of the poorest countries in the world that the institutions of property rights matter for efficiency, investment, and growth. With all land state-owned, the threat of land redistribution never appears far off the agenda. Land rental and leasing have been made legal, but transfer rights remain restricted and the perception of continuing tenure insecurity remains quite strong. Using a unique panel data set, this study investigates whether transfer rights and implied tenure insecurity affect household investment decisions, focusing on trees and shrubs. The panel data estimates suggest that limited perceived transfer rights negatively affects the long-term investment in Ethiopian agriculture, contributing to the low returns from land and perpetuating low growth and poverty. |
| spellingShingle | Ali, D Dercon, S Gautam, M Property rights in a very poor country: tenure insecurity and investment in Ethiopia. |
| title | Property rights in a very poor country: tenure insecurity and investment in Ethiopia. |
| title_full | Property rights in a very poor country: tenure insecurity and investment in Ethiopia. |
| title_fullStr | Property rights in a very poor country: tenure insecurity and investment in Ethiopia. |
| title_full_unstemmed | Property rights in a very poor country: tenure insecurity and investment in Ethiopia. |
| title_short | Property rights in a very poor country: tenure insecurity and investment in Ethiopia. |
| title_sort | property rights in a very poor country tenure insecurity and investment in ethiopia |
| work_keys_str_mv | AT alid propertyrightsinaverypoorcountrytenureinsecurityandinvestmentinethiopia AT dercons propertyrightsinaverypoorcountrytenureinsecurityandinvestmentinethiopia AT gautamm propertyrightsinaverypoorcountrytenureinsecurityandinvestmentinethiopia |