Land, Law and Economic Development

Oligarchic Land Ownership, Entrepreneurship, and Economic Development

This paper develops a theory in which oligarchic ownership of land or other natural resources impedes entrepreneurship in the manufacturing sector and thereby retards structural change and economic development. We show that, due to oligopsony power of owners in the agricultural labor market, higher ownership concentration is harmful for start-ups by landless, credit-constrained households, whos...

Law and Economic Development: A New Beginning?

Economic Development and Property Rights: Time Limits on Land Ownership

This article discusses the relationship between economic development and one aspect of property rights, a statute of limitations defining time limits on ownership claims. The analysis centers on property rights in land. This article argues that the available development opportunities shape the time limits on ownership claims that maximize property values, which in turn creates an inherent under...

Land Rights and Economic Development: Evidence from Vietnam

This paper examines the impact of a land reform in Viet Nam which gave households the power to exchange, transfer, lease, inherit and mortgage their land-use rights. We expect this change to increase the incentives as well as the ability to undertake long-term investments on the part of households. Our difference-in-differences estimation strategy takes advantage of the variation across provinc...

international economic law and principle " sustainable development "

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