Determinants of foreign land acquisitions in low- and middle-income countries
分析了发展中国家农业土地需求增长的决定因素，使用引力模型和全球土地收购数据，发现富裕投资者更倾向于土地和水资源丰富但制度质量影响不明确的较贫穷经济体。
This article analyses the determinants of growing demand for agricultural land in developing countries. We propose some determinants that are specific to foreign acquisitions of agricultural land as a subset of agricultural foreign direct investment (FDI) and empirically examine the corresponding locational choice. Using a gravity model and a data set on land acquisitions worldwide, we find that the determinants partly overlap with those for other forms of FDI but are specific in certain regards. Rich investors target (poorer) economies with abundant land and water resources, and the effects of the quality of institutions are ambiguous.