Foreign Land Acquisitions and Institutional Distance
研究了投资国与目标国之间的制度质量距离如何影响外国土地收购的模式，发现制度距离显著影响合同数量和土地面积，但影响方向因地理区域和目标国制度强弱而异，非洲呈现独特模式。
This paper investigates whether and how the distance in institutional quality between investing and target country affects the pattern of foreign land acquisitions. We estimate a panel gravity-like equation to assess the impact of the institutional distance on the amount of land acquired and the number of contracts signed. Our results show that the institutional distance significantly affects both the number of contracts and the amount of land, but that the direction of these effects varies according to the geographical region and the relative strength of institutions in the target countries, with Africa following a pattern of its own. <i></i>