By Christian Bogmans
A forthcoming IMF working paper, entitled “The Globalization of Farmland: Theoretical and Empirical Evidence,” co-authored by Rabah Arezki, Christian Bogmans, and Harris Selod, analyzes the drivers behind the surge in transnational acquisitions of farmland in the aftermath of the Great Recession. The paper finds, for the first time, statistical evidence that land deals were directed at isolated developing countries that until recently participated little in global agricultural trade and that are in dire need of agricultural investment.
Arezki, Rabah, Klaus Deininger, and Harris Selod. 2013. “What Drives the Global “Land Rush”?” The World Bank Economic Review 29(2): 207–233.
Collier, Paul, and Anthony J. Venables. 2012. “Land Deals in Africa: Pioneers and Speculators.” Journal of Globalization and Development 3.1.
Glaeser, Edward L., Giacomo A.M. Ponzetto, and Andrei Shleifer. 2016. “Securing Property Rights.” NBER Working Paper No. w22701. National Bureau of Economic Research.
The Land Matrix Global Observatory. Accessed May 7, 2016. http://landmatrix.org/en/get-the-detail/.
Maertens, Miet, and Johan Swinnen. 2015. “Agricultural Trade and Development: A Value Chain Perspective.” No. ERSD-2015-04. WTO Staff Working Paper, 2015.
Van Ittersum, Martin K., and others. 2016. “Can Sub-Saharan Africa Feed Itself?.” Proceedings of the National Academy of Sciences 113.52: 14964–14969.