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Foreign Land Acquisitions and Institutional Distance

Author

Listed:
  • Valentina Raimondi
  • Margherita Scoppola

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.

Suggested Citation

  • Valentina Raimondi & Margherita Scoppola, 2018. "Foreign Land Acquisitions and Institutional Distance," Land Economics, University of Wisconsin Press, vol. 94(4), pages 517-540.
    • Handle: RePEc:uwp:landec:v:94:y:2018:i:4:p:517-540
    Note: DOI: 10.3368/le.94.4.517
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    Citations

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    Cited by:

    1. Ali, Daniel Ayalew & Deininger, Klaus, 2021. "Does title increase large farm productivity? Institutional determinants of large land-based investments' performance in Zambia," 2021 Conference, August 17-31, 2021, Virtual 315328, International Association of Agricultural Economists.
    2. Raimondi, Valentina & Scoppola, Margherita, 2022. "The impact of foreign land acquisitions on Africa virtual water exports," Ecological Economics, Elsevier, vol. 193(C).
    3. Evans Opoku-Mensah & Yuming Yin & Asantewaa Ampofo Sandra & Priscilla Tuffour, 2019. "Mergers and Acquisitions Antecedents in BRICS," Global Journal of Emerging Market Economies, Emerging Markets Forum, vol. 11(3), pages 202-214, September.
    4. Hirsch, Cornelius & Krisztin, Tamás & See, Linda, 2020. "Water Resources as Determinants for Foreign Direct Investments in Land - A Gravity Analysis of Foreign Land Acquisitions," Ecological Economics, Elsevier, vol. 170(C).
    5. Ali, Daniel Ayalew & Deininger, Klaus, 2022. "Institutional determinants of large land-based investments’ performance in Zambia: Does title enhance productivity and structural transformation?," World Development, Elsevier, vol. 157(C).
    6. Blonigen, Bruce A. & Cristea, Anca & Lee, Donghyun, 2020. "Evidence for the effect of monitoring costs on foreign direct investment," Journal of Economic Behavior & Organization, Elsevier, vol. 177(C), pages 601-617.
    7. Scoppola, M. & Raimondi, V., 2018. "Foreign Land Acquisitions and Environmental Regulations: does the Pollution-Haven Hypothesis hold?," 2018 Conference, July 28-August 2, 2018, Vancouver, British Columbia 277098, International Association of Agricultural Economists.
    8. Migliavacca, Milena & Patel, Ritesh & Paltrinieri, Andrea & Goodell, John W., 2022. "Mapping impact investing: A bibliometric analysis," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 81(C).
    9. Valentina Raimondi & Margherita Scoppola, 2022. "Foreign land acquisitions and environmental regulations: Does the pollution‐haven effect hold?," Journal of Agricultural Economics, Wiley Blackwell, vol. 73(1), pages 172-194, February.
    10. Marcello De Maria, 2019. "Understanding Land in the Context of Large-Scale Land Acquisitions: A Brief History of Land in Economics," Land, MDPI, vol. 8(1), pages 1-14, January.

    More about this item

    JEL classification:

    • Q15 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Land Ownership and Tenure; Land Reform; Land Use; Irrigation; Agriculture and Environment

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