IDEAS home Printed from https://ideas.repec.org/a/mhr/jinste/urnsici0932-4569(201109)1673_515prlpai_2.0.tx_2-g.html
   My bibliography  Save this article

Property Rights, Land Prices, and Investment: A Study of the Taiwanese Land Registration System

Author

Listed:
  • Hui-wen Koo

Abstract

To evade land taxes, most land in Taiwan during the Ching Dynasty (1662-1895) was not registered. When the Japanese started to colonize Taiwan at the turn of the 20th century, a thorough land survey was made, and all surveyed land became registered. This paper studies how this institutional change affected land values and farmers'; investment behavior. We find that land prices increased significantly after property rights became formally defined. Moreover, farmers became more willing to apply green fertilizers and to grow crops that took a long time to produce, such as tangerines.

Suggested Citation

  • Hui-wen Koo, 2011. "Property Rights, Land Prices, and Investment: A Study of the Taiwanese Land Registration System," Journal of Institutional and Theoretical Economics (JITE), Mohr Siebeck, Tübingen, vol. 167(3), pages 515-535, September.
    • Handle: RePEc:mhr:jinste:urn:sici:0932-4569(201109)167:3_515:prlpai_2.0.tx_2-g
    as

    Download full text from publisher

    File URL: https://www.mohrsiebeck.com/en/article/property-rights-land-prices-and-investment-a-study-of-the-taiwanese-land-registration-system-101628093245611797215486
    Download Restriction: Fulltext access is included for subscribers to the printed version.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Alston, Lee J & Libecap, Gary D & Schneider, Robert, 1996. "The Determinants and Impact of Property Rights: Land Titles on the Brazilian Frontier," The Journal of Law, Economics, and Organization, Oxford University Press, vol. 12(1), pages 25-61, April.
    2. Brasselle, Anne-Sophie & Gaspart, Frederic & Platteau, Jean-Philippe, 2002. "Land tenure security and investment incentives: puzzling evidence from Burkina Faso," Journal of Development Economics, Elsevier, vol. 67(2), pages 373-418, April.
    3. Besley, Timothy, 1995. "Property Rights and Investment Incentives: Theory and Evidence from Ghana," Journal of Political Economy, University of Chicago Press, vol. 103(5), pages 903-937, October.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Hui‐Wen Koo, 2013. "Worship Associations in Taiwan," Australian Economic History Review, Economic History Society of Australia and New Zealand, vol. 53(1), pages 1-21, March.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Markussen, Thomas & Tarp, Finn, 2011. "Political connections and investment in rural Vietnam," 2011 ASAE 7th International Conference, October 13-15, Hanoi, Vietnam 291321, Asian Society of Agricultural Economists (ASAE).
    2. Thomas Markussen, 2015. "Land issues in Vietnam 2006-14: Markets, property rights, and investment," WIDER Working Paper Series wp-2015-088, World Institute for Development Economic Research (UNU-WIDER).
    3. Caio Piza & Mauricio José Serpa Barros de Moura, 2011. "How Does Land Title Affect Access to Credit? Empirical Evidence from an Emerging Economy," Working Paper Series 2211, Department of Economics, University of Sussex Business School.
    4. Cao, Yueming & Bai, Yunli & Zhang, Linxiu, 2020. "The impact of farmland property rights security on the farmland investment in rural China," Land Use Policy, Elsevier, vol. 97(C).
    5. Mauricio Moura & Rodrigo Bueno, 2014. "The Effect of Land Title on Child Labor Supply: Empirical Evidence from Brazil," Research in Labor Economics, in: Factors Affecting Worker Well-being: The Impact of Change in the Labor Market, volume 40, pages 195-222, Emerald Group Publishing Limited.
    6. Alexei Karas & William Pyle & Koen Schoors, 2015. "A "de Soto Effect" in Industry? Evidence from the Russian Federation," Journal of Law and Economics, University of Chicago Press, vol. 58(2), pages 451-480.
    7. Deininger, Klaus & Chamorro, Juan Sebastian, 2004. "Investment and equity effects of land regularisation: the case of Nicaragua," Agricultural Economics, Blackwell, vol. 30(2), pages 101-116, March.
    8. Thomas Markussen, 2015. "Land issues in Vietnam 2006-14: Markets, property rights, and investment," WIDER Working Paper Series 088, World Institute for Development Economic Research (UNU-WIDER).
    9. Jehovaness Aikaeli & Thomas Markussen, 2022. "Titling and the value of land in Tanzania," Journal of International Development, John Wiley & Sons, Ltd., vol. 34(3), pages 512-531, April.
    10. Deininger, Klaus & Jin, Songqing, 2006. "Tenure security and land-related investment: Evidence from Ethiopia," European Economic Review, Elsevier, vol. 50(5), pages 1245-1277, July.
    11. Jehovaness Aikaeli & Thomas Markussen, 2017. "The effects of land titling in Tanzania," WIDER Working Paper Series wp-2017-168, World Institute for Development Economic Research (UNU-WIDER).
    12. Richard Hornbeck, 2010. "Barbed Wire: Property Rights and Agricultural Development," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 125(2), pages 767-810.
    13. Néstor Gandelman, 2016. "Inter-Generational Effects of Titling Programmes: Physical vs. Human Capital," Journal of Development Studies, Taylor & Francis Journals, vol. 52(3), pages 331-342, March.
    14. Galiani, Sebastian & Schargrodsky, Ernesto, 2010. "Property rights for the poor: Effects of land titling," Journal of Public Economics, Elsevier, vol. 94(9-10), pages 700-729, October.
    15. Richard J. Thomas & Emmanuelle Quillérou & Naomi Stewart, 2013. "The rewards of investing in sustainable land management," Working Papers hal-01954823, HAL.
    16. Gandelman, Néstor, 2010. "Property rights and chronic diseases: Evidence from a natural experiment in Montevideo, Uruguay 1990-2006," Economics & Human Biology, Elsevier, vol. 8(2), pages 159-167, July.
    17. Songqing Jin & T. S. Jayne, 2013. "Land Rental Markets in Kenya: Implications for Efficiency, Equity, Household Income, and Poverty," Land Economics, University of Wisconsin Press, vol. 89(2), pages 246-271.
    18. Garrido, Samuel, 2011. "Fixed-rent contracts and investment incentives. A comparative analysis of English tenant right," Explorations in Economic History, Elsevier, vol. 48(1), pages 66-82, January.
    19. Sebastian Galiani & Ernesto Schargrodsky, 2011. "The Dynamics of Land Titling Regularization and Market Development," WIDER Working Paper Series wp-2011-088, World Institute for Development Economic Research (UNU-WIDER).
    20. Lei Xu & Shixiang Chen & Shuliu Tian, 2022. "The Mechanism of Land Registration Program on Land Transfer in Rural China: Considering the Effects of Livelihood Security and Agricultural Management Incentives," Land, MDPI, vol. 11(8), pages 1-25, August.

    More about this item

    JEL classification:

    • K11 - Law and Economics - - Basic Areas of Law - - - Property Law
    • N55 - Economic History - - Agriculture, Natural Resources, Environment and Extractive Industries - - - Asia including Middle East
    • Q15 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Land Ownership and Tenure; Land Reform; Land Use; Irrigation; Agriculture and Environment

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:mhr:jinste:urn:sici:0932-4569(201109)167:3_515:prlpai_2.0.tx_2-g. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Thomas Wolpert (email available below). General contact details of provider: https://www.mohrsiebeck.com/jite .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.