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Biblioteca Land Tenure Insecurity and Economic Growth in Brazil

Land Tenure Insecurity and Economic Growth in Brazil

Land Tenure Insecurity and Economic Growth in Brazil

Resource information

Date of publication
Noviembre 2015
Resource Language
ISBN / Resource ID
OSF_preprint:46006-C32-D9C

We examine the consequences of land tenure insecurity on economic growth in Brazil. We use an overlapping generations model with two sectors: an agricultural sector and a manufacturing sector. Land is specific to the agricultural sector and capital goods are specific to the manufacturing sector. Moreover land is a fixed production factor. Saving takes the form of either land or capital goods purchases, and saving composition depends on transaction costs generated by land tenure insecurity. It is shown that land tenure insecurity implies a decrease in land prices and a reallocation of savings in favour of capital goods. Two econometric restrictions can be tested on a panel of the Brazilian federation states: land tenure insecurity has a negative impact on land prices and a positive one on economic growth. Land tenure insecurity is proxied by the number of squatters. These two restrictions are not rejected. Land tenure insecurity,Squatters,Overlapping generations model,Land prices,Economic growth,Brazil

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Authors and Publishers

Author(s), editor(s), contributor(s)

Jean-Louis Combes
Pascale Combes Motel
Claudio Araujo
Catherine Araujo Bonjean

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