What Drives the Global Land Rush?

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...

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Bibliographic Details
Main Author: Selod, Harris
Other Authors: Arezki, Rabah, DEININGER, KLAUS.
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2011
Series:IMF Working Papers
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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653 |a Real Estate 
653 |a Finance 
653 |a Natural Resources and Domestic and International Conflicts 
653 |a Other Primary Products 
653 |a Nonagricultural and Nonresidential Real Estate Markets 
653 |a Housing 
653 |a Food imports 
653 |a Exports and Imports 
653 |a Population and demographics 
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653 |a Environment 
653 |a Balance of payments 
653 |a Long-term Capital Movements 
653 |a Natural Resources 
653 |a Trade: General 
653 |a International economics 
653 |a Economic Development: Agriculture 
653 |a Prices 
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520 |a 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