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What Drives the Global Land Rush?

Author/Editor: Harris Selod | Klaus W. Deininger | Rabah Arezki
Authorized for Distribution: November 1, 2011
Electronic Access: Free Full Text (PDF file size is 1,221KB)
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Disclaimer: This Working Paper should not be reported as representing the views of the IMF. The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate.

Summary: This paper studies the determinants of foreign land acquisition for large-scale agriculture. To do so, gravity models are estimated using data on bilateral investment relationships, together with newly constructed indicators of agro-ecological suitability in areas with low population density as well as indicators of land rights security. Results confirm the central role of agro-ecological potential as a pull factor. In contrast to the literature on foreign investment in general, the quality of the business climate is insignificant whereas weak land governance and tenure security for current users make countries more attractive for investors. Implications for policy are discussed.
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Series: Working Paper No. 11/251
Subject(s): Agroindustries | Economic models | Land tenure
Author's keyword(s): Land Acquisition | Large-Scale Agriculture | Foreign Investments Agro-Ecological Potential | Land Availability | Land Governance | Property Rights
    Published:   November 1, 2011        
    ISBN/ISSN:   9781463923334/1018-5941   Format:   Paper
    Stock No:   WPIEA2011251   Pages:   35
    Price:   US$18.00
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