The authors use data from Nicaragua to
examine the impact of the award of registered and
nonregistered title on land values and on investments
attached to land. They find that receipt of registered title
increases land values by 30 percent and greatly increases
the propensity to invest, bringing investment closer to the
optimum. Consistent with descriptive statistics indicating
great demand for regularization of land rights, especially

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

The authors develop a model of land
leasing with agents characterized by unobserved
heterogeneity in ability and presence of an off-farm labor
market. In this case, decentralized land rental may
contribute to equity and efficiency goals and may have
several advantages over administrative reallocation. The
extent to which this is true empirically is explored using
data from three of China's poorest provinces. The

Over the past quarter century, Vietnam’s
agricultural sector has made enormous progress. Vietnam’s
performance in terms of agricultural yields, output, and
exports, however, has been more impressive than its gains in
efficiency, farmer welfare, and product quality. Vietnamese
agriculture now sits at a turning point. The agricultural
sector now faces growing domestic competition - from cities,
industry, and services - for labor, land, and water. Rising

Groundwater is a vital yet threatened
resource in much of South Asia. This paper develops a model
of groundwater transactions under payoff uncertainty arising
from unpredictable fluctuations in groundwater availability
during the agricultural dry season. The model highlights the
trade-off between the ex post inefficiency of long-term
contracts and the ex ante inefficiency of spot contracts.
The structural parameters are estimated using detailed

The extractive industries (EI) sector occupies an outsize space in the economies of many developing countries. Economists, public finance professionals, and policy makers working in such countries are frequently confronted with issues that require an in-depth understanding of the sector. The objective of this volume is to provide a concise overview of EI-related topics these professionals are likely to encounter.

Over the past twenty years, Uganda’s
population density has been increasing rapidly, placing
significant pressure on the use of land. Uganda now has a
population density of 194 persons per square kilometer of
arable land, compared to 80 in Kenya and 116 in Ghana. At
present, the majority of Uganda’s population still lives in
rural areas, where the main source of livelihood is
agriculture. However, the proportion of the population

Albania's radical farmland
distribution is credited with averting an economic crisis
and social unrest during the transition. But many believe it
led to a holding structure too fragmented to be efficient,
and that public efforts to consolidate plots are needed to
lay the foundation for greater rural productivity. This
paper uses farm-level data from the 2005 Albania Living
Standards Measurement Survey to explore this quantitatively.

The policy reforms called for in the
transition from a socialist command economy to a developing
market economy bring both opportunities and risks to a
country's citizens. In poor economies, the initial
focus of reform efforts is naturally the rural sector, which
is where one finds the bulk of the population and almost all
the poor. Economic development will typically entail moving
many rural households out of farming into more remunerative

This sourcebook is intended to be a
ready reference for practitioners (including World Bank
stakeholders, clients in borrowing countries, and World Bank
project leaders) seeking state-of-the-art information about
good land management approaches, innovations for
investments, and close monitoring for potential scaling up.
This sourcebook is divided into three parts: the first part
identifies the need and scope for sustainable land

Unequal land distribution and the
negative social and economic implications resulting from
such polarization in Colombia have long been of concern to
policymakers. A 1950 World Bank mission identified unequal
land distribution as a key impediment to economic and social
development in the country. Since then, a wide range of
policies has been adopted to deal with this issue and its
consequences. Numerous studies show that the success of

Around the world, in both developed and
developing countries, policy makers use a variety of tools
to manage and accommodate urban growth and redevelopment.
Government officials have three main concerns in terms of
land policy: (i) accommodating urban expansion, (ii)
providing infrastructure, and (iii) managing density.
Together, the planning for infrastructure and urban
expansion, land use, and density policies combine to shape