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...

Full description

Bibliographic Details
Main Authors:	Ali, Daniel, Deininger, Klaus, Goldstein, Markus, La Ferrara, Eliana, Duponchel, Marguerite
Format:	Report
Language:	English en_US
Published:	World Bank, Washington, DC 2015
Subjects:	LEASING LAND TITLES ECONOMIC DEVELOPMENT LAND RENTAL LAND LAND TENANCY COUNTRIES HOUSEHOLDS LAND MARKETS SALES LAND OWNERS VALUE PURCHASING CULTIVATION TRANSFERS TENANTS MARKETS AGRICULTURE LAND RIGHTS LAND OWNERSHIP SALE LAND INFORMATION SYSTEMS MARKET LANDLORDS OWNERSHIP LAND SALES LAND TENURE LAND ECONOMICS LAND USE LAND TRANSFERS
Online Access:	http://documents.worldbank.org/curated/en/2015/07/24740544/determinants-participation-transaction-costs-rwanda’s-land-markets-social-impact-analysis-water-supply-sanitation-services-central-asia-case-uzbekistan http://hdl.handle.net/10986/22384

id	okr-10986-22384
recordtype	oai_dc
spelling	okr-10986-223842021-04-23T14:04:08Z Determinants of Participation and Transaction Costs in Rwanda’s Land Markets Ali, Daniel Deininger, Klaus Goldstein, Markus La Ferrara, Eliana Duponchel, Marguerite LEASING LAND TITLES ECONOMIC DEVELOPMENT LAND RENTAL LAND LAND TENANCY COUNTRIES HOUSEHOLDS LAND MARKETS SALES LAND OWNERS VALUE PURCHASING CULTIVATION TRANSFERS TENANTS MARKETS AGRICULTURE LAND RIGHTS LAND OWNERSHIP SALE LAND INFORMATION SYSTEMS MARKET LANDLORDS OWNERSHIP LAND SALES LAND TENURE LAND ECONOMICS LAND USE LAND TRANSFERS 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 contribute to the diversification of the economic base in rural areas by allowing those with limited farming skills to take up non-agricultural employment or to migrate temporarily without losing their links to rural areas, and those with comparative advantage in agriculture to increase the size of the land they farm. Land sales, on the other hand, may allow households who want to move into the non-agricultural economy to mobilize the capital that will help them to exploit profitable economic opportunities. Programs aiming to provide higher level of tenure security and better land information systems have often been justified by noting their impact on lowering transaction costs in land markets. Registered land rights make it easier to identify rightful land owners, negotiate and enforce contracts, and reduce the risk of land owners not being able to recover land that they had rented out. This could in turn increase the number of efficiency-enhancing land market transactions; facilitate credit access via the use of land as collateral; and foster structural change and transformation. At the same time, in settings where market imperfections are prevalent, reducing transaction costs in one market will not necessarily improve outcomes across the board. 2015-08-11T21:18:08Z 2015-08-11T21:18:08Z 2015-05-05 Report http://documents.worldbank.org/curated/en/2015/07/24740544/determinants-participation-transaction-costs-rwanda’s-land-markets-social-impact-analysis-water-supply-sanitation-services-central-asia-case-uzbekistan http://hdl.handle.net/10986/22384 English en_US Development Research Group case study; CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Economic & Sector Work Economic & Sector Work :: Other Rural Study Africa Rwanda
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	LEASING LAND TITLES ECONOMIC DEVELOPMENT LAND RENTAL LAND LAND TENANCY COUNTRIES HOUSEHOLDS LAND MARKETS SALES LAND OWNERS VALUE PURCHASING CULTIVATION TRANSFERS TENANTS MARKETS AGRICULTURE LAND RIGHTS LAND OWNERSHIP SALE LAND INFORMATION SYSTEMS MARKET LANDLORDS OWNERSHIP LAND SALES LAND TENURE LAND ECONOMICS LAND USE LAND TRANSFERS
spellingShingle	LEASING LAND TITLES ECONOMIC DEVELOPMENT LAND RENTAL LAND LAND TENANCY COUNTRIES HOUSEHOLDS LAND MARKETS SALES LAND OWNERS VALUE PURCHASING CULTIVATION TRANSFERS TENANTS MARKETS AGRICULTURE LAND RIGHTS LAND OWNERSHIP SALE LAND INFORMATION SYSTEMS MARKET LANDLORDS OWNERSHIP LAND SALES LAND TENURE LAND ECONOMICS LAND USE LAND TRANSFERS Ali, Daniel Deininger, Klaus Goldstein, Markus La Ferrara, Eliana Duponchel, Marguerite Determinants of Participation and Transaction Costs in Rwanda’s Land Markets
geographic_facet	Africa Rwanda
relation	Development Research Group case study;
description	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 contribute to the diversification of the economic base in rural areas by allowing those with limited farming skills to take up non-agricultural employment or to migrate temporarily without losing their links to rural areas, and those with comparative advantage in agriculture to increase the size of the land they farm. Land sales, on the other hand, may allow households who want to move into the non-agricultural economy to mobilize the capital that will help them to exploit profitable economic opportunities. Programs aiming to provide higher level of tenure security and better land information systems have often been justified by noting their impact on lowering transaction costs in land markets. Registered land rights make it easier to identify rightful land owners, negotiate and enforce contracts, and reduce the risk of land owners not being able to recover land that they had rented out. This could in turn increase the number of efficiency-enhancing land market transactions; facilitate credit access via the use of land as collateral; and foster structural change and transformation. At the same time, in settings where market imperfections are prevalent, reducing transaction costs in one market will not necessarily improve outcomes across the board.
format	Report
author	Ali, Daniel Deininger, Klaus Goldstein, Markus La Ferrara, Eliana Duponchel, Marguerite
author_facet	Ali, Daniel Deininger, Klaus Goldstein, Markus La Ferrara, Eliana Duponchel, Marguerite
author_sort	Ali, Daniel
title	Determinants of Participation and Transaction Costs in Rwanda’s Land Markets
title_short	Determinants of Participation and Transaction Costs in Rwanda’s Land Markets
title_full	Determinants of Participation and Transaction Costs in Rwanda’s Land Markets
title_fullStr	Determinants of Participation and Transaction Costs in Rwanda’s Land Markets
title_full_unstemmed	Determinants of Participation and Transaction Costs in Rwanda’s Land Markets
title_sort	determinants of participation and transaction costs in rwanda’s land markets
publisher	World Bank, Washington, DC
publishDate	2015
url	http://documents.worldbank.org/curated/en/2015/07/24740544/determinants-participation-transaction-costs-rwanda’s-land-markets-social-impact-analysis-water-supply-sanitation-services-central-asia-case-uzbekistan http://hdl.handle.net/10986/22384
_version_	1764450872544198656

Determinants of Participation and Transaction Costs in Rwanda’s Land Markets

Similar Items