Land Allocation in Vietnam's Agrarian Transition
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World Bank, Washington, DC
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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.
Palabras clave
LAND ALLOTMENT, MARKET LIBERALIZATION, INFORMATION DISSEMINATION, TRANSACTION COSTS, LAND MARKETS, LAND USE, LAND RIGHTS, LAND ADMINISTRATION, ADMINISTRATIVE POLICY, ADMINISTRATIVE EFFICIENCIES AGRICULTURAL LAND, AGRICULTURAL LAND-USE, AGRICULTURAL OUTPUT, AGRICULTURE, ALLOCATION OF LAND, COMMUNITIES, CONSTRUCTION, CONSUMPTION EXPENDITURES, CROPS, CULTIVATED LAND, DECISION MAKING, ECONOMICS, EQUILIBRIUM, FARMERS, FOREST, GENDER, HOUSING, INCOME, INCOME INEQUALITY, INCOMES, INSURANCE, IRRIGATED LAND, LABOR FORCE, LAND ALLOCATION, LAND APPROPRIATION, LAND HOLDINGS, LAND LAW, LAND MARKET, LAND OWNERSHIP, LAND TITLES, LAND TRANSACTIONS, LAND USE, LAND- USE, LAND-USE, LANDLESSNESS, LOCAL AUTHORITIES, MARKET FACTORS, POLITICAL ECONOMY, PRIVATE LAND, PUBLIC SERVICES, RESIDENTIAL LAND, RURAL AREAS, RURAL ECONOMY, TERMS OF TRADE, TRANSACTION COSTS, UNIVERSITIES, USE VALUE, VILLAGES, ADMINISTRATIVE EFFICIENCIES, AGRICULTURAL LAND