Cultivate or rent out? Land security in rural Thailand
2005
S2186 22 No.3734
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Title
Cultivate or rent out? Land security in rural Thailand
Author
Imprint
Washington, DC (USA) IBRD 2005
Language
English
Description
39 p.
Call Number
S2186 22 No.3734
System Control No.
MON-037736
Summary
In the 1980s the Thai government tried to legalize squatters by issuing special titles that restricted the sale and rental of the land. Using data from 2,874 farming households collected in 1997, the author finds that in places where these government titles where issued, leased plots are more likely to be titled than those that are self-cultivated. For these areas, he uses a model to estimate a 6 percent risk premium in the rental rate for untitled plots. In other areas, however, land rights play no role in the decision to lease land and the rental rate of untitled plots does not include a risk premium. The results indicate that this policy distorted the land rental market by triggering a sense of insecurity among landowners.
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