The Globalization of Farmland : Theory and Empirical Evidence

Arezki, Rabah ; Bogmans, Christian ; Selod, Harris

World Bank, Washington, DC

关键词: LAND ACQUISITION;    FOOD SECURITY;    FOREIGN DIRECT INVESTMENT;    LAND GOVERNANCE;    FARMLAND;   

DOI  :  10.1596/1813-9450-8456
RP-ID  :  WPS8456

学科分类：社会科学、人文和艺术（综合）

来源: World Bank Open Knowledge Repository

【 摘 要 】

This paper is the first to provide boththeoretical and empirical evidence of farmland globalizationwhereby international investors directly acquire largetracts of agricultural land in other countries. Atheoretical framework explains the geography of farmlandacquisitions as a function of cross-country differences intechnology, endowments, trade costs, and land governance. Anempirical test of the model using global data ontransnational deals shows that international farmlandinvestments are on the aggregate likely motivated byre-exports to investor countries rather than to worldmarkets. This contrasts with traditional foreign directinvestment patterns where horizontal as opposed to verticalforeign direct investment dominates.