This paper investigates whether and how the distance in institutional quality between investing and target country affects the pattern of foreign land acquisitions. We estimate a panel gravity-like equation to assess the impact of the institutional distance on the amount of land acquired and the number of contracts signed. Our results show that the institutional distance significantly affects both the number of contracts and the amount of land, but that the direction of these effects varies according to the geographical region and the relative strength of institutions in the target countries, with Africa following a pattern of its own.

Foreign land acquisitions and institutional distance / V. Raimondi, M. Scoppola. - In: LAND ECONOMICS. - ISSN 0023-7639. - 94:4(2018 Nov 01), pp. 517-540. [10.3368/le.94.4.517]

Foreign land acquisitions and institutional distance

V. Raimondi
Primo
;
2018-11-01

Abstract

This paper investigates whether and how the distance in institutional quality between investing and target country affects the pattern of foreign land acquisitions. We estimate a panel gravity-like equation to assess the impact of the institutional distance on the amount of land acquired and the number of contracts signed. Our results show that the institutional distance significantly affects both the number of contracts and the amount of land, but that the direction of these effects varies according to the geographical region and the relative strength of institutions in the target countries, with Africa following a pattern of its own.
Environmental Science (miscellaneous); Economics and Econometrics
Settore AGR/01 - Economia ed Estimo Rurale
Settore SECS-P/01 - Economia Politica
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Utilizza questo identificativo per citare o creare un link a questo documento: http://hdl.handle.net/2434/622302
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