This paper provides evidence from one of the poorest countries of the world that the property rights matter for efficiency, investment, and growth. With all land state-owned, the threat of land redistribution never appears far off the agenda. Land rental and leasing have been made legal, but...

Nicaragua in Central America is characterised by both high levels of poverty (especially in rural areas) and considerable inequality. Land ownership is still highly concentrated, despite attempts of redistribution of land during past agrarian reforms. Legally, according to the Constitution,...

The current wave of land acquisitions in developing countries differs from past trends because of the speed and magnitude of FDI flows. The main risk is the insufficient legal protection of land users, especially women. Insecure property rights are also a significant risk factor for investors....