Cover IMF Working Papers
The Globalization of Farmland: Theory and Empirical Evidence
Author:
Mr. Rabah Arezki
Search for other papers by Mr. Rabah Arezki in
Current site
Google Scholar
PubMedClose
,
Mr. Christian Bogmans
Search for other papers by Mr. Christian Bogmans in
Current site
Google Scholar
PubMedClose
, and
Mr. Harris Selodnull

Search for other papers by Mr. Harris Selod in
Current site
Google Scholar
PubMedClose
Series:
IMF Working Papers
Volume/Issue:
Volume 2018: Issue 145
Language:
English
Publication Date:
22 Jun 2018
DOI:
https://doi.org/10.5089/9781484362105.001
ISBN:
9781484362105
ISSN:
1018-5941
Pages:
45
Keywords:
WP; dummy variable; investor country; Large-Scale Land Acquisitions; Food Independence; Platform FDI; Land Governance; host-country remoteness; investor-country remoteness; land acquisition; remoteness term; Agricultural sector; Agricultural commodities; Foreign direct investment; Agricultural policy; Global; Sub-Saharan Africa; Middle East; North Africa; Asia and Pacific
Legal-disclaimer:
IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
Download PDF (1.8 MB) Download Epub
This paper is the first to provide both theoretical and empirical evidence of farmland globalization whereby international investors directly acquire large tracts of agricultural land in other countries. A theoretical framework explains the geography of farmland acquisitions as a function of cross-country differences in technology, endowments, trade costs, and land governance. An empirical test of the model using global data on transnational deals shows that international farmland investments are on the aggregate likely motivated by re-exports to investor countries rather than to world markets. This contrasts with traditional foreign direct investment patterns where horizontal as opposed to vertical FDI dominates.
  • Collapse
  • Expand
Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund
Volume 2018: Issue 145