Bellemare, Marc F.; Chua, Kenn; Santamaria, Julieth - 2018
a law - the Land Law of 2013 - that extended the usufruct rights of all landowners by 50 years. We exploit this largely … unanticipated shock to study the effect of the Land Law of 2013 on the investment behaviour of growers of annual crops. Using a … difference-in-differences design, we find that the Land Law of 2013 is associated with a higher likelihood of investment in …