Determinants of Participation and Transaction Costs in Rwanda’s Land Markets
Land markets play a limited role in
subsistence economies with low skill-intensity of
agricultural cultivation, equally distributed land
endowments and little movement out of agriculture to join
the non-farm economy. But, as the economy starts to
diversify, the scope for efficiency-enhancing land transfers
beyond immediate kin and for longer than just one season
assumes significantly greater importance. Lease markets can