工业化、土地市场和农业投资

本文扩展了农地产权方面的经验研究文献,将转让权纳入分析之中。本文的理论模型证明,在不完全劳动力市场下,随着工业化的深入,残缺的转让权将导致农户对土地投资的后悔效应。本文利用面板数据的计量分析在很大程度上证明了后悔效应的存在。

INDUSTRIALIZATION,LAND LEASE MARKETS,AND AGRICULTURAL INVESTMENT

This paper broadens the empirical literature on property rights of land by moving beyond the study of tenure secure to include transfer rights into the analysis.Theoretically this pa- per shows that in presence of imperfect labor markets transfer rights permit specialization in off- farm activities without investment-depressingregret effectsthat are likely to increase in impor- tance as an economy industrializes and its population begins to specialize in non-agricultural activi- ties.This paper's econometri...