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Inversión extranjera y compra masiva de tierras
[Foreign investment and massive land purchase]

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  • Vargas, Carlos Eduardo

Abstract

Recent trends in foreign investment and massive purchase of land in the world indicate that developing countries concentrate the largest proportion of hoarding. Although some advanced countries acquire land, it is not clear that they become major investors. The article highlights the existence of three types of hoarding: direct purchase, lease and concession and, from these, a conceptual framework associated with game theory to understand the incentives of investors to land hoarding is presented. The proposed framework is useful to review the Colombian experience. Las tendencias recientes de la inversión extranjera y compra masiva de tierras en el mundo indican que los países en desarrollo concentran la mayor proporción del acaparamiento. A pesar de que algunos países más avanzados adquieren tierras, no es evidente que se constituyan en los mayores inversionistas. El artículo subraya la existencia de tres modalidades de acaparamiento: adquisición directa, arrendamiento y concesión, y a partir de estos se presenta un marco conceptual, que se asocia con la teoría de juegos, para entender los incentivos de los inversionistas para acaparar tierras. El marco teórico propuesto es útil para revisar la experiencia colombiana.

Suggested Citation

  • Vargas, Carlos Eduardo, 2014. "Inversión extranjera y compra masiva de tierras [Foreign investment and massive land purchase]," MPRA Paper 67951, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:67951
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    References listed on IDEAS

    as
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    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    hoarding; land; foreign investment; agriculture; game theory;
    All these keywords.

    JEL classification:

    • F00 - International Economics - - General - - - General
    • F10 - International Economics - - Trade - - - General
    • G00 - Financial Economics - - General - - - General
    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products

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