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Usufruct And Usury: An Analysis Of Land Leasing In East Java

Author

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  • Sturgess, Neil H.
  • Wijaya, Hesti R.
  • Dow, N.

Abstract

On Java, land leasing functions as a credit instrument when the entire rent is paid in advance. The rights obtained by the tenant/lender are the 'price' of the loan made to the land owner/borrower. A model of such transactions shows that the area leased and duration of the lease are substitutes in raising a loan of given size and that the substitution rate is related to the term structure of interest rates.

Suggested Citation

  • Sturgess, Neil H. & Wijaya, Hesti R. & Dow, N., 1984. "Usufruct And Usury: An Analysis Of Land Leasing In East Java," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 28(1), pages 1-28, April.
    • Handle: RePEc:ags:ajaeau:22594
    DOI: 10.22004/ag.econ.22594
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    References listed on IDEAS

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    1. Anderson, Jock R. & Dillon, John L. & Hardaker, Brian, 1977. "Agricultural Decision Analysis," Monographs: Applied Economics, AgEcon Search, number 288652, November.
    2. Anderson, Jock R. & Feder, Gershon, 2007. "Agricultural Extension," Handbook of Agricultural Economics, in: Robert Evenson & Prabhu Pingali (ed.), Handbook of Agricultural Economics, edition 1, volume 3, chapter 44, pages 2343-2378, Elsevier.
    3. Currie,J. M., 1981. "The Economic Theory of Agricultural Land Tenure," Cambridge Books, Cambridge University Press, number 9780521236348, October.
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    Cited by:

    1. M. A. Taslim, 1992. "A Survey of Theories of Cropshare Tenancy," The Economic Record, The Economic Society of Australia, vol. 68(3), pages 254-275, September.

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    Keywords

    Land Economics/Use;

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