Land Sales and Rental Markets in Transition: Evidence from Rural Vietnam*
利用越南数据，研究土地租赁和销售市场的发展因素及影响，发现两者均能将土地转移给更高产的生产者，但租赁对穷人获取土地更重要，且稳定的土地权利能增加租赁市场供给。
Abstract Impact and desirability of land transfers in post‐socialist‐transition economies have been subject of considerable debate. We use data from Vietnam to identify factors conducive to the development of land markets and to assess potentially differential impacts of rental and sales. Results show that both rental and sales transfer land to more productive producers but that rental is more important for the poor to access land that becomes available as the non‐farm economy develops. The fact that secure land rights significantly increase supply of land to the rental market suggests that government has a key role in facilitating emergence and functioning of efficiency‐enhancing land markets.