1987
DOI: 10.2307/1242281
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Land Ownership Security and Farm Investment in Thailand

Abstract: The article discusses the impact of land ownership security on farm investment and land improvements. Ownership security enhances capital formation by providing better incentives and improved access to credit. Data from three provinces in Thailand are used to support theoretical propositions and estimate the impact of ownership security. Econometric analysis shows that in two provinces, ownership security induces significantly higher capital/land ratios. In a third province, with a well‐developed, informal cre… Show more

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Cited by 242 publications
(139 citation statements)
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“…Feder and Onchan 1987;Besley 1995;Alston et al 1996;Braselle et al 2002;Jacoby et al 2002;Carter and Olinto 2003;Jacoby and Mansuri 2008;Do and Iyer 2008;Markussen 2008;Hornbeck 2010). These papers generally struggle to deal with an important identification problem, namely the potential effect of unobserved plot characteristics, which affect property rights (e.g.…”
Section: Effects Of Land Titles On Agricultural Investmentmentioning
confidence: 99%
“…Feder and Onchan 1987;Besley 1995;Alston et al 1996;Braselle et al 2002;Jacoby et al 2002;Carter and Olinto 2003;Jacoby and Mansuri 2008;Do and Iyer 2008;Markussen 2008;Hornbeck 2010). These papers generally struggle to deal with an important identification problem, namely the potential effect of unobserved plot characteristics, which affect property rights (e.g.…”
Section: Effects Of Land Titles On Agricultural Investmentmentioning
confidence: 99%
“…In many areas, the procedures required to obtain institutional loans are time-consuming, both in terms of actual time spent by the farmers (obtaining appropriate documentation, filling forms, meeting relevant officials) and the time which elapses between loan application and credit approval (Feder et al, 1986). According to Yaron (1994), two problems in particular confront rural financial institutions: first, ensuring efficient and relatively low-cost operational procedures for screening borrowers, processing and monitoring loans, and mobilizing and servicing voluntary savings, and second, achieving adequate loan collection so that continued operations are feasible without constant reliance on state concessional funds or bailouts.…”
Section: Achieving Improved Financing For Low-income Producers In Devmentioning
confidence: 99%
“…Firstly, with regard to the effect of title on land investment, there is some consensus that there is a positive relationship. Thus it is generally agreed that title promotes land investment and increases land values (Alston, Libecap, & Mueller, 1999;Besley, 1995;Cantuarias & Delgado, 2004;Deininger & Chamorro, 2004;Durand-Lasserve & Selod, 2007;Feder & Feeny, 1991;Feder & Onchan, 1987;Field, 2003;Galiani & Schargrodsky, 2009;Kim, 2004;Lanjouw & Levy, 2002;Payne et al, 2007;Van Gelder, 2009). Less clear is whether having title increases perceptions of tenure security (see Razzaz, 1993 andSmith, 2003 for dissenting views).…”
Section: Conceptual Framework and Literature Reviewmentioning
confidence: 99%