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The Determinants and Impact of Property Rights: Land Titles on the Brazilian Frontier

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Type: Working Paper
Author: Alston, Lee J.; Libecap, Gary D.; Schneider, Robert
Date: 1996
Agency: National Bureau of Economic Research, Inc., Cambridge, MA
Series: Working Papers Series, no. 5405
URI: https://hdl.handle.net/10535/5719
Sector: Land Tenure & Use
Region: South America
Subject(s): property rights
land tenure and use
economic development
governance and politics
Abstract: "This paper provides new empirical results regarding the demand and supply of title, its impact on land value, and its effects on agricultural investment on Brazilian frontiers. We use survey data from 1992 and 1993 from the state of Para with data on the characteristics of the settlers, land tenure, land agencies involved, land values, and investment We then turn to census data from the Brazilian agricultural census from 1940 through 1985, with observations at the municipal (county) level to examine the development of property rights to land in the southern state of Parana during the agricultural boom between 1940 and 1970 and in the Amazon state of Para during the period of rapid migration to the region after 1970. By examining frontiers we can follow the rise in land values, the increase in the demand for title, and the response of government. The empirical findings support the predictions of the theory regarding the effects of title and investment on land value, the role of expected change in value on demand for title,and the contribution of title in promoting investment. Governments, however, have not exactly followed the predictions of the analytical framework in supplying title. Political and bureaucratic factors play an important role in the government response to demands for tide. This result suggests that researchers must pay special attention to the complex political process by which property rights are assigned in studying the emergence of tenure institutions."

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