Publication:
What Drives the Global “Land Rush”?

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dc.contributor.authorArezki, Rabah
dc.contributor.authorDeininger, Klaus
dc.contributor.authorSelod, Harris
dc.date.accessioned2012-03-19T18:05:52Z
dc.date.available2012-03-19T18:05:52Z
dc.date.issued2011-10-01
dc.description.abstractThe 2007-2008 upsurge in agricultural commodity prices gave rise to widespread concern about investors causing a "global land rush". Large land deals can provide opportunities for better access to capital, transfer of technology, and advances in productivity and employment generation. But they carry risks of dispossession and loss of livelihoods, corruption, deterioration in local food security, environmental damage, and long-term social polarization that led some countries to recently pass legislation restricting foreign land acquisition. To stimulate evidence-based debate, this paper explores determinants of foreign land acquisition for large-scale agriculture. It quantifies demand for land deals, showing it focused on Africa where land expansion is about 20 times the level it was in the past. The analysis uses data on bilateral investment relationships, together with newly constructed indicators of agro-ecological suitability in non-protected and forested areas with low population density as well as land rights security. It estimates gravity models that can help identify determinants of foreign land acquisition dedicated to large-scale agriculture. The results confirm the central role of agro-ecological potential as a pull factor. In contrast to the literature on foreign investment in general, the quality of the business climate is insignificant, whereas weak land governance and tenure security for current users make countries more attractive for investors. Implications for policy are discussed.en
dc.identifierhttp://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20111031110520
dc.identifier.doi10.1596/1813-9450-5864
dc.identifier.urihttps://hdl.handle.net/10986/3630
dc.languageEnglish
dc.relation.ispartofseriesPolicy Research working paper ; no. WPS 5864
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCESS TO CAPITAL
dc.subjectACCOUNTABILITY
dc.subjectACCOUNTING
dc.subjectAGRICULTURAL COMMODITY
dc.subjectAGRICULTURAL ECONOMICS
dc.subjectAGRICULTURAL LAND
dc.subjectAGRICULTURAL LAND USE
dc.subjectAGRICULTURAL LANDS
dc.subjectAGRICULTURAL PRODUCTION
dc.subjectAGRICULTURAL SECTOR
dc.subjectAGRICULTURE
dc.subjectARABLE LAND
dc.subjectARBITRATION
dc.subjectAUCTIONS
dc.subjectBANK POLICY
dc.subjectBANKS
dc.subjectBIODIVERSITY
dc.subjectBUSINESS CLIMATE
dc.subjectBUSINESS CYCLE
dc.subjectCAPITAL FLOW
dc.subjectCAPITAL FLOWS
dc.subjectCAPITAL MARKETS
dc.subjectCENTER FOR INTERNATIONAL FORESTRY RESEARCH
dc.subjectCOMMODITIES
dc.subjectCOMMODITY
dc.subjectCOMMODITY PRICE
dc.subjectCOMMODITY PRICES
dc.subjectCONTRACT ENFORCEMENT
dc.subjectCULTIVABLE LAND
dc.subjectCULTIVATED AREA
dc.subjectCULTIVATED LAND
dc.subjectCULTIVATION
dc.subjectDEBT
dc.subjectDEFAULT RISK
dc.subjectDEFORESTATION
dc.subjectDEMOCRACY
dc.subjectDEVELOPING COUNTRIES
dc.subjectDIRECT FOREIGN INVESTMENT
dc.subjectDROUGHTS
dc.subjectECONOMIC DEVELOPMENT
dc.subjectECONOMIC PERFORMANCE
dc.subjectEMERGING ECONOMIES
dc.subjectEMPLOYMENT
dc.subjectENVIRONMENTAL BENEFITS
dc.subjectENVIRONMENTAL DAMAGE
dc.subjectENVIRONMENTAL PROTECTION
dc.subjectENVIRONMENTAL RISKS
dc.subjectEQUATOR PRINCIPLES
dc.subjectEQUITY FUNDS
dc.subjectEQUITY MARKETS
dc.subjectEXPORT COMPETITIVENESS
dc.subjectEXPORTER
dc.subjectEXPORTERS
dc.subjectEXPROPRIATION
dc.subjectEXTERNALITIES
dc.subjectFACE VALUE
dc.subjectFAIR PRICE
dc.subjectFARM SIZE
dc.subjectFARMLAND
dc.subjectFINANCE CORPORATION
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFINANCIAL MARKETS
dc.subjectFINANCIAL SUPPORT
dc.subjectFOOD PRICE
dc.subjectFOOD PRODUCTION
dc.subjectFOREIGN DIRECT INVESTMENT
dc.subjectFOREIGN FIRM
dc.subjectFOREIGN INVESTMENT
dc.subjectFOREIGN INVESTMENT FLOWS
dc.subjectFOREIGN INVESTMENTS
dc.subjectFOREST
dc.subjectFOREST LAND
dc.subjectFOREST PLANTATIONS
dc.subjectFOREST RESOURCES
dc.subjectFOREST SECTOR
dc.subjectFORESTRY
dc.subjectFORESTRY INDUSTRY
dc.subjectFORESTRY LAW
dc.subjectFORESTS
dc.subjectGEOGRAPHIC DISTRIBUTION
dc.subjectGLOBAL CAPITAL
dc.subjectGLOBAL CAPITAL FLOWS
dc.subjectGLOBALIZATION
dc.subjectGOOD GOVERNANCE
dc.subjectGOVERNANCE INDEX
dc.subjectGOVERNANCE INDICATOR
dc.subjectGOVERNANCE INDICATORS
dc.subjectGOVERNMENT REVENUES
dc.subjectHOST COUNTRIES
dc.subjectHOST COUNTRY
dc.subjectHUMAN DEVELOPMENT
dc.subjectINCOME
dc.subjectINFLOWS OF CAPITAL
dc.subjectINFORMATION TECHNOLOGY
dc.subjectINSTITUTIONAL ENVIRONMENT
dc.subjectINSTITUTIONAL INVESTORS
dc.subjectINTERNATIONAL BANK
dc.subjectINTERNATIONAL BUSINESS
dc.subjectINTERNATIONAL CAPITAL
dc.subjectINTERNATIONAL CAPITAL FLOWS
dc.subjectINTERNATIONAL ECONOMICS
dc.subjectINTERNATIONAL FINANCE
dc.subjectINTERNATIONAL LAW
dc.subjectINTERNATIONAL TRADE
dc.subjectINVENTORIES
dc.subjectINVESTING
dc.subjectINVESTMENT CLIMATE
dc.subjectINVESTMENT DECISIONS
dc.subjectINVESTMENT OPPORTUNITIES
dc.subjectINVESTMENT PROJECTS
dc.subjectINVESTOR INTEREST
dc.subjectINVESTOR PROTECTION
dc.subjectJOB CREATION
dc.subjectLAND ACQUISITION
dc.subjectLAND CLEARING
dc.subjectLAND MARKETS
dc.subjectLAND OWNERS
dc.subjectLAND OWNERSHIP
dc.subjectLAND POLICIES
dc.subjectLAND POLICY
dc.subjectLAND QUALITY
dc.subjectLAND REFORM
dc.subjectLAND RIGHTS
dc.subjectLAND TENURE
dc.subjectLAND TENURE SECURITY
dc.subjectLAND TENURE SYSTEMS
dc.subjectLAND TRANSFERS
dc.subjectLAND USE
dc.subjectLAND USERS
dc.subjectLAND VALUES
dc.subjectLEGISLATION
dc.subjectLIABILITY
dc.subjectLIBERALIZATION
dc.subjectLIQUIDATION
dc.subjectLONG-TERM INVESTMENT
dc.subjectMARGINAL LANDS
dc.subjectMARKET DISTORTIONS
dc.subjectMARKET PRICES
dc.subjectMONETARY FUND
dc.subjectNATIONAL INVESTMENTS
dc.subjectNATURAL RESOURCES
dc.subjectOIL
dc.subjectOPPORTUNITY COST
dc.subjectOUTPUT
dc.subjectPOLICY RESPONSE
dc.subjectPOLITICAL ECONOMY
dc.subjectPOLITICAL STABILITY
dc.subjectPORTFOLIO
dc.subjectPORTFOLIO INVESTMENT
dc.subjectPOVERTY ALLEVIATION
dc.subjectPRIVATE EQUITY
dc.subjectPRODUCTIVITY
dc.subjectPROPERTY RIGHTS
dc.subjectPROTECTION OF INVESTORS
dc.subjectPUBLIC INVESTMENT
dc.subjectPUBLIC LAND
dc.subjectPUBLIC SPENDING
dc.subjectPUSH FACTORS
dc.subjectRATES OF RETURN
dc.subjectRED TAPE
dc.subjectREGULATORY ENVIRONMENT
dc.subjectRENEGOTIATION
dc.subjectRETURNS
dc.subjectRULE OF LAW
dc.subjectSHAREHOLDERS
dc.subjectSOCIAL DEVELOPMENT
dc.subjectSOILS
dc.subjectSOVEREIGN RISK
dc.subjectSUSTAINABLE INVESTMENT
dc.subjectTAX
dc.subjectTAX BREAKS
dc.subjectTRADE FLOWS
dc.subjectTRANSACTION
dc.subjectTRANSACTION COST
dc.subjectTRANSPARENCY
dc.subjectTRANSPORT
dc.subjectTRUST FUND
dc.subjectVOLATILITY
dc.subjectWAGES
dc.subjectWORLD ECONOMY
dc.subjectZONING
dc.titleWhat Drives the Global “Land Rush”?en
dspace.entity.typePublication
okr.associatedcontenthttps://openknowledge.worldbank.org/handle/10986/25840 Journal version of record
okr.crossref.titleWhat Drives the Global "Land Rush"?
okr.date.disclosure2011-10-01
okr.date.doiregistration2025-04-10T11:08:29.119276Z
okr.doctypePublications & Research::Policy Research Working Paper
okr.docurlhttp://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20111031110520
okr.guid229581468337294753
okr.identifier.doi10.1596/1813-9450-5864
okr.identifier.externaldocumentum000158349_20111031110520
okr.identifier.internaldocumentum15407740
okr.identifier.reportWPS5864
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2011/10/31/000158349_20111031110520/Rendered/PDF/WPS5864.pdfen
okr.region.administrativeThe World Region
okr.region.administrativeThe World Region
okr.unitDevelopment Research Group (DECRG)
okr.volume1 of 1
relation.isAuthorOfPublication68546f99-84de-5466-be55-9170c38603e2
relation.isAuthorOfPublicationb820a7e2-dfb8-5b00-911b-d8822f6724cc
relation.isAuthorOfPublication.latestForDiscovery68546f99-84de-5466-be55-9170c38603e2
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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