RT Journal Article
SR Electronic
T1 Foreign Land Acquisitions and Institutional Distance
JF Land Economics
JO Land Econ
FD University of Wisconsin Press
SP 517
OP 540
DO 10.3368/le.94.4.517
VO 94
IS 4
A1 Valentina Raimondi
A1 Margherita Scoppola
YR 2018
UL http://le.uwpress.org/content/94/4/517.abstract
AB This paper investigates whether and how the distance in institutional quality between investing and target country affects the pattern of foreign land acquisitions. We estimate a panel gravity-like equation to assess the impact of the institutional distance on the amount of land acquired and the number of contracts signed. Our results show that the institutional distance significantly affects both the number of contracts and the amount of land, but that the direction of these effects varies according to the geographical region and the relative strength of institutions in the target countries, with Africa following a pattern of its own. (JEL Q15)