Land Sales and Rental Markets in Transition : Evidence from Rural Vietnam
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 u...
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| Format: | Policy Research Working Paper |
| Language: | English en_US |
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World Bank, Washington, DC
2014
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| Online Access: | http://documents.worldbank.org/curated/en/2003/04/2309377/land-sales-rental-markets-transition-evidence-rural-viet-nam http://hdl.handle.net/10986/18225 |
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okr-10986-182252021-04-23T14:03:42Z Land Sales and Rental Markets in Transition : Evidence from Rural Vietnam Deininger, Klaus Jin, Songqing AGRICULTURAL LAND AGRICULTURAL MARKETS AGRICULTURAL OUTPUT AGRICULTURAL PRODUCTION AGRICULTURE ASSETS CAPITAL MARKETS COLLATERAL CONCEPTUAL FRAMEWORK CONSTANT RETURNS TO SCALE CREDIT MARKETS CULTIVABLE LAND DEVELOPED COUNTRIES ECONOMETRIC EVIDENCE ECONOMIC CONDITIONS ECONOMIC GROWTH EMPIRICAL ANALYSIS EMPIRICAL EVIDENCE EMPLOYMENT EQUILIBRIUM FARM SIZE FARMERS FIXED CAPITAL HOUSING INCOME INSURANCE IRRIGATED LAND LABOR MARKETS LAND DISTRIBUTION LAND MARKETS LAND OWNERSHIP LAND PRICES LAND QUALITY LAND RENTAL LAND RIGHTS LAND SALES LAND SUPPLY LAND TRANSFERS LAND USE LAWS LIBERALIZATION MIGRATION NATURAL ENVIRONMENT PERFECT INFORMATION PRESENT VALUE PRIVATE LAND PRIVATE PROPERTY PRODUCERS PRODUCTIVITY PROPERTY RIGHTS RURAL AREAS SAFETY NETS SHARE CROPPING SHARECROPPING SOIL QUALITY TRANSACTION COSTS TRANSITION COUNTRIES TRANSITION ECONOMIES WAGES WORKING CAPITAL LAND SALES; RENTAL PROPERTY; MARKET ANALYSIS; TRANSITION ECONOMIES; RURAL LAND POLICY; PROPERTY RIGHTS; LAND MARKETS; LAND USE EVALUATION; LAND TRANSFERS; RURAL POVERTY; EMPLOYMENT OPPORTUNITIES; CREDIT MARKETS; SAFETY NET POLICIES WORKING CAPITAL LAND SALES 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. 2014-05-09T19:33:32Z 2014-05-09T19:33:32Z 2003-04 http://documents.worldbank.org/curated/en/2003/04/2309377/land-sales-rental-markets-transition-evidence-rural-viet-nam http://hdl.handle.net/10986/18225 English en_US Policy Research Working Paper;No. 3013 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank, Washington, DC Publications & Research :: Policy Research Working Paper Publications & Research East Asia and Pacific Vietnam |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
AGRICULTURAL LAND AGRICULTURAL MARKETS AGRICULTURAL OUTPUT AGRICULTURAL PRODUCTION AGRICULTURE ASSETS CAPITAL MARKETS COLLATERAL CONCEPTUAL FRAMEWORK CONSTANT RETURNS TO SCALE CREDIT MARKETS CULTIVABLE LAND DEVELOPED COUNTRIES ECONOMETRIC EVIDENCE ECONOMIC CONDITIONS ECONOMIC GROWTH EMPIRICAL ANALYSIS EMPIRICAL EVIDENCE EMPLOYMENT EQUILIBRIUM FARM SIZE FARMERS FIXED CAPITAL HOUSING INCOME INSURANCE IRRIGATED LAND LABOR MARKETS LAND DISTRIBUTION LAND MARKETS LAND OWNERSHIP LAND PRICES LAND QUALITY LAND RENTAL LAND RIGHTS LAND SALES LAND SUPPLY LAND TRANSFERS LAND USE LAWS LIBERALIZATION MIGRATION NATURAL ENVIRONMENT PERFECT INFORMATION PRESENT VALUE PRIVATE LAND PRIVATE PROPERTY PRODUCERS PRODUCTIVITY PROPERTY RIGHTS RURAL AREAS SAFETY NETS SHARE CROPPING SHARECROPPING SOIL QUALITY TRANSACTION COSTS TRANSITION COUNTRIES TRANSITION ECONOMIES WAGES WORKING CAPITAL LAND SALES; RENTAL PROPERTY; MARKET ANALYSIS; TRANSITION ECONOMIES; RURAL LAND POLICY; PROPERTY RIGHTS; LAND MARKETS; LAND USE EVALUATION; LAND TRANSFERS; RURAL POVERTY; EMPLOYMENT OPPORTUNITIES; CREDIT MARKETS; SAFETY NET POLICIES WORKING CAPITAL LAND SALES |
| spellingShingle |
AGRICULTURAL LAND AGRICULTURAL MARKETS AGRICULTURAL OUTPUT AGRICULTURAL PRODUCTION AGRICULTURE ASSETS CAPITAL MARKETS COLLATERAL CONCEPTUAL FRAMEWORK CONSTANT RETURNS TO SCALE CREDIT MARKETS CULTIVABLE LAND DEVELOPED COUNTRIES ECONOMETRIC EVIDENCE ECONOMIC CONDITIONS ECONOMIC GROWTH EMPIRICAL ANALYSIS EMPIRICAL EVIDENCE EMPLOYMENT EQUILIBRIUM FARM SIZE FARMERS FIXED CAPITAL HOUSING INCOME INSURANCE IRRIGATED LAND LABOR MARKETS LAND DISTRIBUTION LAND MARKETS LAND OWNERSHIP LAND PRICES LAND QUALITY LAND RENTAL LAND RIGHTS LAND SALES LAND SUPPLY LAND TRANSFERS LAND USE LAWS LIBERALIZATION MIGRATION NATURAL ENVIRONMENT PERFECT INFORMATION PRESENT VALUE PRIVATE LAND PRIVATE PROPERTY PRODUCERS PRODUCTIVITY PROPERTY RIGHTS RURAL AREAS SAFETY NETS SHARE CROPPING SHARECROPPING SOIL QUALITY TRANSACTION COSTS TRANSITION COUNTRIES TRANSITION ECONOMIES WAGES WORKING CAPITAL LAND SALES; RENTAL PROPERTY; MARKET ANALYSIS; TRANSITION ECONOMIES; RURAL LAND POLICY; PROPERTY RIGHTS; LAND MARKETS; LAND USE EVALUATION; LAND TRANSFERS; RURAL POVERTY; EMPLOYMENT OPPORTUNITIES; CREDIT MARKETS; SAFETY NET POLICIES WORKING CAPITAL LAND SALES Deininger, Klaus Jin, Songqing Land Sales and Rental Markets in Transition : Evidence from Rural Vietnam |
| geographic_facet |
East Asia and Pacific Vietnam |
| relation |
Policy Research Working Paper;No. 3013 |
| description |
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. |
| format |
Publications & Research :: Policy Research Working Paper |
| author |
Deininger, Klaus Jin, Songqing |
| author_facet |
Deininger, Klaus Jin, Songqing |
| author_sort |
Deininger, Klaus |
| title |
Land Sales and Rental Markets in Transition : Evidence from Rural Vietnam |
| title_short |
Land Sales and Rental Markets in Transition : Evidence from Rural Vietnam |
| title_full |
Land Sales and Rental Markets in Transition : Evidence from Rural Vietnam |
| title_fullStr |
Land Sales and Rental Markets in Transition : Evidence from Rural Vietnam |
| title_full_unstemmed |
Land Sales and Rental Markets in Transition : Evidence from Rural Vietnam |
| title_sort |
land sales and rental markets in transition : evidence from rural vietnam |
| publisher |
World Bank, Washington, DC |
| publishDate |
2014 |
| url |
http://documents.worldbank.org/curated/en/2003/04/2309377/land-sales-rental-markets-transition-evidence-rural-viet-nam http://hdl.handle.net/10986/18225 |
| _version_ |
1764439464024735744 |