000			01620nam a22001577a 4500
999			_c522671 _d522671
008			230503b ||||| |||| 00| 0 eng d
100			_aTakayama, Taisuke et al _940430
245			_aDo partial land rights increase productivity and investment? Evidence from the redistributive land reform in post world war second
260			_aThe Developing Economics
300			_a60(2), Jun, 2022: p.77-100
520			_aThere are inconclusive findings on the causal effect of land reform and its crucial channels in the development economics literature. One challenge is to separate the channels, through which land rights operate. This study examines the impact of redistributive land reform in post–World War II Japan on agricultural productivity and investments. This reform imposed a ceiling on landholdings, redistributed above-ceiling farmland from landlords to tenants, and severely restricted the transferability of redistributed farmland. Thus, we can focus on the tenure security effect (not the tradability and pledgeability effects) as one probable channel. Using rice-farm panel data before and after the reform (i.e., 1947 and 1948), we exploit the variation in the reform implementation across tenants. The land reform had little effect on total factor productivity and investment in the subsequent season. Our results suggest that the security dimension of land rights alone does not increase short-run agricultural productivity.- Reproduced
650			_aLand reform, Land rights, Total factor productivity, Japan. _938109
773			_aThe Developing Economics
906			_aLAND REFORMS
942			_cAR