Land Allocation in Vietnam's Agrarian Transition

• Tác giả: Dominique van de Walle
• Ngôn ngữ: eng
• Ký hiệu phân loại: 333.33 Transfer of possession and of right to use
• Thông tin xuất bản: World Bank, Washington, DC, 2014
• Bộ sưu tập: Tài liệu truy cập mở
• ID: 242744
• Chủ đề: 1. INFORMATION DISSEMINATION; 2. LAND ALLOTMENT; 3. LAND MARKETS; 4. MARKET LIBERALIZATION; 5. TRANSACTION COSTS

Tóm tắt

While liberalizing key factor markets is a crucial step in the transition from a socialist control-economy to a market economy, the process can be stalled by imperfect information, high transaction costs, and covert resistance from entrenched interests. The authors study land-market adjustment in the wake of Vietnam's reforms aiming to establish a free market in land-use rights following de-collectivization. Inefficiencies in the initial administrative allocation are measured against an explicit counterfactual market solution. The authors' tests using a farm-household panel data set spanning the reforms suggest that land allocation responded positively but slowly to the inefficiencies of the administrative allocation. They find no sign that the transition favored the land rich or that it was thwarted by the continuing power over land held by local officials.