Les déterminants de l'offre de bétail dans les pays sahéliens
In: Revue économique, Band 47, Heft 5, S. 1103-1119
ISSN: 1950-6694
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In: Revue économique, Band 47, Heft 5, S. 1103-1119
ISSN: 1950-6694
In: World development: the multi-disciplinary international journal devoted to the study and promotion of world development, Band 115, S. 222-235
World Affairs Online
In: Brazilian journal of political economy: Revista de economia política, Band 26, Heft 4, S. 575-595
ISSN: 0101-3157
Relationship between the land market, economic growth and land insecurity explained by an overlapping model. This paper analyzes the relationship between the land market failures and the economic growth in Brazil, starting from an overlapping model including two sectors: agricultural and industrial. The land is both a specific factor for agriculture and an asset that can be substituted to the capital used in industry. The trade-off between land and capital holding depends, among other factors, on the transaction costs on the land market. These costs result from land insecurity and generate a decrease in the land price that favors capital accumulation. Two assumptions follow from our model: on the one hand, land insecurity has a negative effect on the land price; on the other hand it has a positive effect on economic growth. These two hypotheses are tested on panel data for Brazilian Federation. The econometric results do not reject the hypothesis. (Rev Econ Polít/GIGA)
World Affairs Online