ECN 503 Lecture Notes - Lecture 2: Community Property, Land Registration, Land Tenure
31 Oct 2015
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Document Summary
1) farming in sub sahran africa: usually on small plots of land based or political groups: land tenure system often customary and communal (shared): land is owned by a kin , right to cultivate obtained through membership of specific group, land tenure characterized by: flexibility, complexity, negotiability, claims to land & land resources depend on membership in: extended families/lineages, village or other social networks. Incentive based aspect has received much attention, empirical (experimental/observation) support is mixed b) less direct connection between insecurity of property rights and low investment: credit markets: land as collateral, gains from trade: an investment maybe beneficial to a farmer if they are able to freely, complementary factors of production: tenure security permits farmers to put factors sell/rent out land into diverse uses c) economic theory: direct and indirect links between insecure property rights and low investment.
