The Diversity of Land Markets and Regulations in Europe, and (some of) its Causes
利用西欧和东欧的当前及历史数据,记录了土地制度(市场和监管)的巨大差异,并解释了这些差异的原因,对发展中的土地制度作用与最优性提出了启示。
The creation of optimal land institutions attracted renewed attention in the 1990s because of its central role in the transition process in former Communist countries in the former Soviet Union and Eastern Europe, and more recently because of large-scale land investments in developing countries. This article documents the existence of large variations in land institutions (markets and regulation) using current and historical data from Western and Eastern Europe. It then offers explanations for these differences and draws implications for the role and optimality of land institutions in development (with special reference to the current debate on large scale land acquisitions).