Land Allocation in Vietnam's Agrarian Transition

Land Allocation in Vietnam's Agrarian Transition

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 administrative allocation are measured against an explicit counterfactual market solution. The authors' tests using a farm-household panel data set spanning the reforms suggest that land allocation responded positively but slowly to the inefficiencies of the administrative allocation. They find no sign that the transition favored the land rich or that it was thwarted by the continuing power over land held by local officials.

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Bibliographic Details
Main Authors: van de Walle, Dominique, Ravallion, Martin
Language:English
en_US
Published: World Bank, Washington, DC 2003-01
Subjects:LAND ALLOTMENT, MARKET LIBERALIZATION, INFORMATION DISSEMINATION, TRANSACTION COSTS, LAND MARKETS, LAND USE, LAND RIGHTS, LAND ADMINISTRATION, ADMINISTRATIVE POLICY, ADMINISTRATIVE EFFICIENCIES AGRICULTURAL LAND, AGRICULTURAL LAND-USE, AGRICULTURAL OUTPUT, AGRICULTURE, ALLOCATION OF LAND, COMMUNITIES, CONSTRUCTION, CONSUMPTION EXPENDITURES, CROPS, CULTIVATED LAND, DECISION MAKING, ECONOMICS, EQUILIBRIUM, FARMERS, FOREST, GENDER, HOUSING, INCOME, INCOME INEQUALITY, INCOMES, INSURANCE, IRRIGATED LAND, LABOR FORCE, LAND ALLOCATION, LAND APPROPRIATION, LAND HOLDINGS, LAND LAW, LAND MARKET, LAND OWNERSHIP, LAND TITLES, LAND TRANSACTIONS, LAND- USE, LAND-USE, LANDLESSNESS, LOCAL AUTHORITIES, MARKET FACTORS, POLITICAL ECONOMY, PRIVATE LAND, PUBLIC SERVICES, RESIDENTIAL LAND, RURAL AREAS, RURAL ECONOMY, TERMS OF TRADE, UNIVERSITIES, USE VALUE, VILLAGES, ADMINISTRATIVE EFFICIENCIES, AGRICULTURAL LAND,
Online Access:http://documents.worldbank.org/curated/en/2003/01/2120328/land-allocation-vietnams-agrarian-transition
https://hdl.handle.net/10986/19165
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Summary: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 administrative allocation are measured against an explicit counterfactual market solution. The authors' tests using a farm-household panel data set spanning the reforms suggest that land allocation responded positively but slowly to the inefficiencies of the administrative allocation. They find no sign that the transition favored the land rich or that it was thwarted by the continuing power over land held by local officials.

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