当前位置: X-MOL 学术J. Dev. Econ. › 论文详情
Our official English website, www.x-mol.net, welcomes your feedback! (Note: you will need to create a separate account there.)
Does insecure land tenure deter investment? Evidence from a randomized controlled trial
Journal of Development Economics ( IF 4.277 ) Pub Date : 2021-02-01 , DOI: 10.1016/j.jdeveco.2021.102632
Heather Huntington , Ajay Shenoy

There is broad agreement among the most prominent observational studies that tenure insecurity deters investment. We present new experimental evidence testing this proposition: a land certification program randomized across villages in Zambia. Our results contradict the consensus. Though the intervention improved perceptions of tenure security, it had no impact on investment in the following season. The impact is still zero even after a cross-randomized agroforestry extension relaxes financial and technical constraints to agroforestry investment. Though relaxing these constraints has a direct effect, it is not enhanced by granting land tenure, implying tenure insecurity had not been a barrier to investment.



中文翻译:

不安全的土地使用权会阻碍投资吗?随机对照试验的证据

在最著名的观察性研究中,保有权不安全阻碍投资的观点已达成广泛共识。我们提供了新的实验证据来检验这一主张:一项在赞比亚各个村庄中随机分配的土地认证计划。我们的结果与共识相矛盾。尽管该干预措施改善了人们对权属安全的认识,但对接下来的季节的投资没有影响。即使在交叉随机化的农林业扩展措施放松了对农林业投资的财务和技术约束之后,影响仍然为零。尽管放宽这些限制有直接的效果,但是通过授予土地使用权并不能改善这种情况,这意味着使用权的不安全性并未成为投资的障碍。

更新日期:2021-02-16
down
wechat
bug