Cultivate or rent out ? land security in rural Thailand: evidence from a property rights reform

By: Material type: TextTextSeries: Policy Research Working Paper, no. 3734Publication details: Washington, D.C. World Bank 2005Description: 39 pSubject(s): DDC classification:
  • 333.334
Summary: "7In the 1980s the Thai government tried to legalize squatters by issuing special titles that restricted the sale and rental of the land. Using data from 2,874 farming households collected in 1997, the author finds that in places where these government titles where issued, leased plots are more likely to be titled than those that are self-cultivated. For these areas, he uses a model to estimate a 6 percent risk premium in the rental rate for untitled plots. In other areas, however, land rights play no role in the decision to lease land and the rental rate of untitled plots does not include a risk premium. The results indicate that this policy distorted the land rental market by triggering a sense of insecurity among landowners. ""--World Bank web site."
List(s) this item appears in: World Bank Working Paper Series
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Item type Current library Item location Shelving location Call number Status Date due Barcode
Books Vikram Sarabhai Library Rack 20-A / Slot 748 (0 Floor, West Wing) General Stacks 333.334 G4C8 (Browse shelf(Opens below)) Available 162310

Includes bibliographical references

"7In the 1980s the Thai government tried to legalize squatters by issuing special titles that restricted the sale and rental of the land. Using data from 2,874 farming households collected in 1997, the author finds that in places where these government titles where issued, leased plots are more likely to be titled than those that are self-cultivated. For these areas, he uses a model to estimate a 6 percent risk premium in the rental rate for untitled plots. In other areas, however, land rights play no role in the decision to lease land and the rental rate of untitled plots does not include a risk premium. The results indicate that this policy distorted the land rental market by triggering a sense of insecurity among landowners. ""--World Bank web site."

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