Details
| Original language | English |
|---|---|
| Pages (from-to) | 207-248 |
| Number of pages | 42 |
| Journal | European Review of Agricultural Economics |
| Volume | 48 |
| Issue number | 1 |
| Early online date | 13 Sept 2020 |
| Publication status | Published - Jan 2021 |
Abstract
Understanding the drivers and income effects of land rental markets is important to facilitate agricultural transformation. This study uses a panel dataset of rural households in Vietnam to examine the efficiency, equity and income effects of land rental markets. Probit and tobit models find that land is transferred from less to more efficient farmers and thus removing administrative barriers to the market operation is suggested. However, instrumental variable and quantile regressions show that the poor do not benefit significantly from participation in the markets. This highlights the need to take care of the poor to ensure that they are not left behind. Further analysis might focus on the efficiency thresholds that farmers switch from a market regime to another.
Keywords
- Cropland rental market, Farming efficiency, Heteroscedasticity-based identification strategy, Stochastic frontier analysis
ASJC Scopus subject areas
- Economics, Econometrics and Finance(all)
- Economics and Econometrics
- Agricultural and Biological Sciences(all)
- Agricultural and Biological Sciences (miscellaneous)
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In: European Review of Agricultural Economics, Vol. 48, No. 1, 01.2021, p. 207-248.
Research output: Contribution to journal › Article › Research › peer review
}
TY - JOUR
T1 - Farming efficiency, cropland rental market and income effect
T2 - Evidence from panel data for rural Central Vietnam
AU - Nguyen, Thanh-tung
AU - Tran, Viet Tuan
AU - Nguyen, Thanh-tung
AU - Grote, Ulrike
N1 - Funding Information: We appreciate the financial support from the German Research Foundation (DFG) through the long-term Thailand-Vietnam Socioeconomic Panel Project (DFG-FOR 756/2) (www.tvsep.de)
PY - 2021/1
Y1 - 2021/1
N2 - Understanding the drivers and income effects of land rental markets is important to facilitate agricultural transformation. This study uses a panel dataset of rural households in Vietnam to examine the efficiency, equity and income effects of land rental markets. Probit and tobit models find that land is transferred from less to more efficient farmers and thus removing administrative barriers to the market operation is suggested. However, instrumental variable and quantile regressions show that the poor do not benefit significantly from participation in the markets. This highlights the need to take care of the poor to ensure that they are not left behind. Further analysis might focus on the efficiency thresholds that farmers switch from a market regime to another.
AB - Understanding the drivers and income effects of land rental markets is important to facilitate agricultural transformation. This study uses a panel dataset of rural households in Vietnam to examine the efficiency, equity and income effects of land rental markets. Probit and tobit models find that land is transferred from less to more efficient farmers and thus removing administrative barriers to the market operation is suggested. However, instrumental variable and quantile regressions show that the poor do not benefit significantly from participation in the markets. This highlights the need to take care of the poor to ensure that they are not left behind. Further analysis might focus on the efficiency thresholds that farmers switch from a market regime to another.
KW - Cropland rental market
KW - Farming efficiency
KW - Heteroscedasticity-based identification strategy
KW - Stochastic frontier analysis
UR - http://www.scopus.com/inward/record.url?scp=85090362094&partnerID=8YFLogxK
U2 - 10.1093/erae/jbaa013
DO - 10.1093/erae/jbaa013
M3 - Article
VL - 48
SP - 207
EP - 248
JO - European Review of Agricultural Economics
JF - European Review of Agricultural Economics
SN - 0165-1587
IS - 1
ER -