Legibility and External Investment: An Institutional Natural Experiment in Liberia

نویسندگان

چکیده

Abstract We address a debate over the effects of private versus customary property rights on external investment. Despite political economists’ claims that investors favor rights, other experts argue systems enable large-scale “land grabs.” organize these competing claims, highlighting trade-offs due to differences in legibility ability displace existing landholders under both systems. study natural experiment Liberia, where law codifies parallel and use this institutional boundary difference-in-differences methods isolate differential changes investment different following global food crisis 2007–08. find larger increase land clearing prevailed, with such related more concession activity. Qualitative palm oil reveals challenges confront when navigating

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ژورنال

عنوان ژورنال: International Organization

سال: 2021

ISSN: ['0020-8183', '1531-5088']

DOI: https://doi.org/10.1017/s0020818321000187