Security of Property Rights and Transition in Land Use

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dc.cclicenceN/Aen
dc.contributor.authorNizalov, Denys
dc.contributor.authorThornsbury, S.
dc.contributor.authorLoveridge, S.
dc.contributor.authorWoods, M.
dc.contributor.authorZadorozhna, O.
dc.date.acceptance2015-10-01
dc.date.accessioned2019-11-12T10:11:34Z
dc.date.available2019-11-12T10:11:34Z
dc.date.issued2015-10-23
dc.descriptionThe author's final peer reviewed version can be found by following the URI link. The Publisher's final version can be found by following the DOI link.en
dc.description.abstractPrice and yield uncertainty are traditional considerations in agricultural markets and their impact on development. Agricultural producers in transition economies face an additional risk factor – changes in the institutional protection of property rights. This paper illustrates how institutional uncertainty may affect investment, land use, and crop mix patterns. In particular, in the Ukrainian example, the rights of tenants are viewed as uncertain in anticipation of establishment of an open market for sale of agricultural land. Establishment of the land market in Ukraine has been postponed several times over the last 15 years and a significant number of lease contracts are not formalized. A large panel of farm-level data was used to show that a higher share of rented land is associated with a lower share of land used for investment intensive perennial crops controlling for prices and other factors. The difference in response to uncertainty is found to be significant among three crop types: perennials, grains and oil crops. The implication is that the lower level of protection of use rights and uncertainty regarding the future regulation of land sales market lead to under-investments in more capital intensive crops. As a result, tenants deviate from the optimal crop mix, reducing the productivity of tenant farms. Farms under 200 ha are affected most negatively as they are less likely to be able to access the level of legal and political protection enjoyed by large farms.en
dc.exception.reasonavailable on Kent Uni repositoryen
dc.exception.ref2021codes252cen
dc.funderOther external funder (please detail below)en
dc.funder.otherThis research project was partially supported by NSF Award CNH 0909378en
dc.identifier.citationNizalov, D., Thornsbury, S., Loveridge, S., Woods, M., Zadorozhna, O. (2015) Security of property rights and transition in land use. Journal of Comparative Economics, 44(1). pp.76-91.en
dc.identifier.doihttps://doi.org/10.1016/j.jce.2015.10.008
dc.identifier.issn0147-5967
dc.identifier.urihttps://kar.kent.ac.uk/view/people/18078.html
dc.identifier.urihttps://dora.dmu.ac.uk/handle/2086/18765
dc.language.isoen_USen
dc.peerreviewedYesen
dc.publisherElsevieren
dc.subjectProperty rightsen
dc.subjectAgricultural developmenten
dc.subjectCrop mixen
dc.subjectTransition economyen
dc.subjectUkraineen
dc.titleSecurity of Property Rights and Transition in Land Useen
dc.typeArticleen

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