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The paper studies the market failures associated with land tenure insecurity and information asymmetry in an urban land use model, and analyzes households' responses to mitigate tenure insecurity. When buyers and sellers of land plots can pair along trusted kinship lines whereby deception (the non-disclosure of competing claims on a land plot to a buyer) is socially penalized, information asymmetry is attenuated, but overall participation in the land market is reduced. Alternatively, when owners can make land plots secure by paying to register them in a cadaster, both information asymmetry and tenure insecurity are reduced, but the registration cost limits land market participation at the periphery of the city. The paper then compares the overall surpluses under these trust and registration models and under a hybrid version of the model that reflects the context of today's West African cities where both registration and trusted relationships are simultaneously available to residents. The analysis highlights the substitutability of trusted relationships to costly registration and predicts the gradual evolution of economies towards the socially preferable registration system if registration costs can be sufficiently reduced.

Communities and Human Settlements --- Ethnic Kinship --- Informal Land Use --- Information Assymetry --- Land Administration --- Land Information Systems --- Land Market --- Land Registration --- Land Tenure Insecurity --- Land Use --- Land Use and Policies --- Property Rights

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This paper reviews the recent literature on rural-urban migration in developing countries, focusing on three key questions: What motivates or forces people to migrate?What costs do migrants face? What are the impacts of migration on migrants and the economy? The literature paints a complex picture whereby rural-urban migration is driven by many factors and the returns to migration as well as the costs are very high. The evidence supports the notion that migration barriers hinder labor market adjustment and are likely to be welfare reducing. The review concludes by identifying gaps in current research and data needs.

Household Survey --- Internal Migration --- Labor Market --- Rural Development --- Rural Labor Markets --- Rural Urban Linkages --- Rural-Urban Migration --- Social Protections and Labor --- Structural Transformation --- Urban Development --- Urban Economic Development --- Urban Services to the Poor --- Urbanization

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Across the Middle East and North Africa (MENA), land is scarce and valuable. Demand for land is projected to dramatically increase to meet the needs of a fast-growing urban population. At the same time, the supply of land is restricted by weak governance and climate factors, causing the quasi-exhaustion of cultivable land reserves. As a result, a crisis is looming. Yet, land continues to be used inefficiently, inequitably, and unsustainably. Land Matters identifies and analyzes the economic, environmental, and social challenges associated with land in the MENA region, shedding light on policy options and proposing paths to reform. It concludes that MENA countries need to act promptly, think more holistically about land, reassess the strategic trade-offs, and minimize land distortions. This report promotes a culture of open data, transparency, and inclusive dialogue on land, while filling major data gaps. These important steps will contribute to renewing the social contract, transforming the region economically and digitally, improving women's land rights, and facilitating recovery and reconstruction in a context of dramatic social, political, and climatic transformation.

Land use --- Government policy --- Land use.

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This paper studies the determinants of foreign land acquisition for large-scale agriculture. To do so, gravity models are estimated using data on bilateral investment relationships, together with newly constructed indicators of agro-ecological suitability in areas with low population density as well as indicators of land rights security. Results confirm the central role of agro-ecological potential as a pull factor. In contrast to the literature on foreign investment in general, the quality of the business climate is insignificant whereas weak land governance and tenure security for current users make countries more attractive for investors. Implications for policy are discussed.

Real property--Foreign ownership. --- Real property. --- Exports and Imports --- Real Estate --- Demography --- International Investment --- Long-term Capital Movements --- Economic Development: Agriculture --- Natural Resources --- Energy --- Environment --- Other Primary Products --- Economic Development: Human Resources --- Human Development --- Income Distribution --- Migration --- Natural Resources and Domestic and International Conflicts --- Demographic Economics: General --- Trade: General --- Nonagricultural and Nonresidential Real Estate Markets --- International economics --- Population & demography --- Finance --- Property & real estate --- Population and demographics --- Food imports --- Foreign direct investment --- Land prices --- Capital flows --- International trade --- Balance of payments --- Prices --- Population --- Imports --- Investments, Foreign --- Housing --- Capital movements --- Brazil

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Zonder onderwerpscode: economie