Publication:
Land Price Effects of Informality, Farm Size, and Land Reform: Evidence from More Than One Million Transactions in Ukraine

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dc.contributor.authorDeininger, Klaus
dc.contributor.authorAli, Daniel Ayalew
dc.date.accessioned2025-01-02T17:18:59Z
dc.date.available2025-01-02T17:18:59Z
dc.date.issued2025-01-02
dc.description.abstractThis paper uses a rich set of geo-coded administrative and remotely sensed data on more than 1 million agricultural land transactions in Ukraine to explore how informality, size, and recent land reforms affect land prices. Three main findings are highlighted. First, absence of registered rights generates large negative externalities, the size of which plausibly exceeds the cost of registering all land. By contrast, informality of lease contracts is a choice that may enable owners to evade regulatory obstacles that prevent them from renegotiating contracts to obtain more favorable terms. Second, while land market liberalization generated significant indirect benefits, gains are unevenly distributed. Furthermore, competition in sales markets remains limited, pointing to scope for measures—including reducing the transaction costs of selling land and accessing mortgage finance, improving publicity of pending land sales, and use of electronic auctions—to enhance the reforms’ impact on efficiency and equity. Third, size at the parcel, field, and farm levels is associated with higher per hectare prices, pointing to scope for market-based land consolidation and growth of medium-size farms to increase land values and productivity. Achieving this potential will require measures to limit speculative land acquisition and exercise of market power by making local land markets more competitive and using market-based land valuation as a basis for taxing land on a recurrent basis and any capital gains due to land appreciation.en
dc.identifierhttp://documents.worldbank.org/curated/en/099555512302434115/IDU1724c778e1489314ec91b8341baa8cd6f81f0
dc.identifier.doi10.1596/1813-9450-11013
dc.identifier.doihttps://doi.org/10.1596/1813-9450-11013
dc.identifier.urihttps://hdl.handle.net/10986/42590
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC: World Bank
dc.relation.ispartofseriesPolicy Research Working Paper; 11013
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttps://creativecommons.org/licenses/by/3.0/igo/
dc.subjectLAND MARKET
dc.subjectPRICES
dc.subjectLAND REFORM
dc.subjectMARKET POWER
dc.subjectPRODUCTIVITY
dc.titleLand Price Effects of Informality, Farm Size, and Land Reformen
dc.title.subtitleEvidence from More Than One Million Transactions in Ukraineen
dc.typeWorking Paper
dspace.entity.typePublication
okr.date.disclosure2025-01-02
okr.date.doiregistration2025-04-14T11:51:14.937715Z
okr.date.lastmodified2024-12-30T00:00:00Zen
okr.doctypePolicy Research Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/099555512302434115/IDU1724c778e1489314ec91b8341baa8cd6f81f0
okr.guid099555512302434115
okr.identifier.docmidIDU-724c778e-4893-4ec9-b834-baa8cd6f81f0
okr.identifier.doi10.1596/1813-9450-11013
okr.identifier.externaldocumentum34442012
okr.identifier.internaldocumentum34442012
okr.identifier.reportWPS11013
okr.import.id6158
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/099555512302434115/pdf/IDU1724c778e1489314ec91b8341baa8cd6f81f0.pdfen
okr.region.administrativeEurope and Central Asia
okr.region.countryUkraine
okr.topicConflict and Development::Armed Conflict
okr.topicConflict and Development::National Protection and Security
okr.topicMacroeconomics and Economic Growth::Economic Development
okr.topicAgriculture
okr.topicCommunities and Human Settlements::Land Use and Policies
okr.unitDEC-Sustainability & Infrastruct (DECSI)
relation.isAuthorOfPublication68546f99-84de-5466-be55-9170c38603e2
relation.isAuthorOfPublication222ae66b-b10f-58d1-892a-56c27c73ba84
relation.isAuthorOfPublication.latestForDiscovery68546f99-84de-5466-be55-9170c38603e2
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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