Understanding the drivers and income effects of land rental markets is important to facilitate agricultural transformation. This study uses a panel dataset of rural households in Vietnam to examine the efficiency, equity and income effects of land rental markets. Probit and tobit models find that land is transferred from less to more efficient farmers and thus removing administrative barriers to the market operation is suggested. However, instrumental variable and quantile regressions show that the poor do not benefit significantly from participation in the markets. This highlights the need to take care of the poor to ensure that they are not left behind. Further analysis might focus on the efficiency thresholds that farmers switch from a market regime to another.

中文翻译：

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农业效率，农田租赁市场和收入影响：越南中部农村地区面板数据的证据

了解土地租赁市场的驱动因素和收入影响对于促进农业转型至关重要。本研究使用越南农村家庭的面板数据集来检验土地租赁市场的效率，公平性和收入影响。Probit和tobit模型发现，土地是从效率较低的农民手中转移到效率更高的农民手中的，因此建议消除市场运作的行政障碍。但是，工具变量和分位数回归表明，穷人并未从参与市场中获得显着收益。这突出表明需要照顾穷人，以确保他们不被落后。进一步的分析可能集中在农民从市场体制向另一种体制转变的效率阈值上。