The Globalization of Farmland : Theory and Empirical Evidence

The Globalization of Farmland : Theory and Empirical Evidence

This paper is the first to provide both theoretical and empirical evidence of farmland globalization whereby international investors directly acquire large tracts of agricultural land in other countries. A theoretical framework explains the geograp...

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Main Authors: Arezki, Rabah, Bogmans, Christian, Selod, Harris
Format: Working Paper
Language:English
Published: World Bank, Washington, DC 2018
Subjects:
LAND ACQUISITION
FOOD SECURITY
FOREIGN DIRECT INVESTMENT
LAND GOVERNANCE
FARMLAND
Online Access:http://documents.worldbank.org/curated/en/973431527621030331/The-globalization-of-farmland-theory-and-empirical-evidence
http://hdl.handle.net/10986/29885
id okr-10986-29885
recordtype oai_dc
spelling okr-10986-298852021-06-08T14:42:46Z The Globalization of Farmland : Theory and Empirical Evidence Arezki, Rabah Bogmans, Christian Selod, Harris LAND ACQUISITION FOOD SECURITY FOREIGN DIRECT INVESTMENT LAND GOVERNANCE FARMLAND This paper is the first to provide both theoretical and empirical evidence of farmland globalization whereby international investors directly acquire large tracts of agricultural land in other countries. A theoretical framework explains the geography of farmland acquisitions as a function of cross-country differences in technology, endowments, trade costs, and land governance. An empirical test of the model using global data on transnational deals shows that international farmland investments are on the aggregate likely motivated by re-exports to investor countries rather than to world markets. This contrasts with traditional foreign direct investment patterns where horizontal as opposed to vertical foreign direct investment dominates. 2018-06-18T20:07:57Z 2018-06-18T20:07:57Z 2018-05 Working Paper http://documents.worldbank.org/curated/en/973431527621030331/The-globalization-of-farmland-theory-and-empirical-evidence http://hdl.handle.net/10986/29885 English Policy Research Working Paper;No. 8456 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Policy Research Working Paper
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
topic LAND ACQUISITION
FOOD SECURITY
FOREIGN DIRECT INVESTMENT
LAND GOVERNANCE
FARMLAND
spellingShingle LAND ACQUISITION
FOOD SECURITY
FOREIGN DIRECT INVESTMENT
LAND GOVERNANCE
FARMLAND
Arezki, Rabah
Bogmans, Christian
Selod, Harris
The Globalization of Farmland : Theory and Empirical Evidence
relation Policy Research Working Paper;No. 8456
description This paper is the first to provide both theoretical and empirical evidence of farmland globalization whereby international investors directly acquire large tracts of agricultural land in other countries. A theoretical framework explains the geography of farmland acquisitions as a function of cross-country differences in technology, endowments, trade costs, and land governance. An empirical test of the model using global data on transnational deals shows that international farmland investments are on the aggregate likely motivated by re-exports to investor countries rather than to world markets. This contrasts with traditional foreign direct investment patterns where horizontal as opposed to vertical foreign direct investment dominates.
format Working Paper
author Arezki, Rabah
Bogmans, Christian
Selod, Harris
author_facet Arezki, Rabah
Bogmans, Christian
Selod, Harris
author_sort Arezki, Rabah
title The Globalization of Farmland : Theory and Empirical Evidence
title_short The Globalization of Farmland : Theory and Empirical Evidence
title_full The Globalization of Farmland : Theory and Empirical Evidence
title_fullStr The Globalization of Farmland : Theory and Empirical Evidence
title_full_unstemmed The Globalization of Farmland : Theory and Empirical Evidence
title_sort globalization of farmland : theory and empirical evidence
publisher World Bank, Washington, DC
publishDate 2018
url http://documents.worldbank.org/curated/en/973431527621030331/The-globalization-of-farmland-theory-and-empirical-evidence
http://hdl.handle.net/10986/29885
_version_ 1764470629202919424

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