Bujko, Fischer , Krieger & Meierrieks: How Institutions Shape Land Deals – The Role of Corruption

ABSTRACT:

Large-scale land acquisitions, or “land grabs”, concentrate in developing countries which are also known for their corruption-friendly setting caused by a weak institutional framework. We argue that corrupt elites exploit this given institutional set-up to strike deals with international investors at the expense of the local population. Using panel data for 157 countries from 2000-2011, we provide evidence that these land deals indeed occur more often in countries with higher levels of corruption.

 

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