Land Reallocation in an Agrarian Transition
研究越南去集体化后土地再分配过程，发现土地分配对初始低效反应积极但缓慢，且未偏向土地富人或受地方官员阻挠。
Liberalising key factor markets is a crucial step in the transition from a socialist control-economy to a market economy. However, the process can be stalled by imperfect information, high transaction costs and covert resistance from entrenched interests. The article studies agricultural land reallocation in the wake of Vietnam's efforts to establish a free market in land-use rights following de-collectivisation. Inefficiencies in the initial administrative allocation are measured against an explicit counterfactual. Land allocation responded positively but slowly to the initial inefficiencies. There is no sign that the transition favoured the land rich or that it was thwarted by local officials. Copyright 2006 The Author(s). Journal compilation Royal Economic Society 2006.