Property Rights In A Very Poor Country Tenure Insecurity And Investment In Ethiopia

This paper provides evidence from one of the poorest countries of the world that the property rights matter for efficiency, investment, and growth. With all land state-owned, the threat of land redistribution never appears far off the agenda. Land rental and leasing have been made legal, but transfe...

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Bibliographic Details
Main Author: Ali, Daniel Ayalew
Other Authors: Gautam, Madhur, Dercon, Stefan
Format: eBook
Language:English
Published: Washington, D.C The World Bank 2007
Subjects:
Online Access:
Collection: World Bank E-Library Archive - Collection details see MPG.ReNa
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300 |a 31 p. 
653 |a Municipal Housing and Land 
653 |a Land tenure 
653 |a Natural resources 
653 |a Forestry 
653 |a Rural Development 
653 |a Agricultural production 
653 |a Land rights 
653 |a Urban Development 
653 |a Urban Housing 
653 |a Appropriation 
653 |a Tenure 
653 |a Rural Development Knowledge and Information Systems 
653 |a Common Property Resource Development 
653 |a Agriculture 
653 |a Property Rights 
653 |a Heterogeneity 
700 1 |a Ali, Daniel Ayalew 
700 1 |a Gautam, Madhur 
700 1 |a Dercon, Stefan 
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520 |a This paper provides evidence from one of the poorest countries of the world that the property rights matter for efficiency, investment, and growth. With all land state-owned, the threat of land redistribution never appears far off the agenda. Land rental and leasing have been made legal, but transfer rights remain restricted and the perception of continuing tenure insecurity remains quite strong. Using a unique panel data set, this study investigates whether transfer rights and tenure insecurity affect household investment decisions, focusing on trees and shrubs. The panel data estimates suggest that limited perceived transfer rights, and the threat of expropriation, negatively affect long-term investment in Ethiopian agriculture, contributing to the low returns from land and perpetuating low growth and poverty