کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
958978 929102 2013 21 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Do property rights promote investment but cause deforestation? Quasi-experimental evidence from Nicaragua
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
Do property rights promote investment but cause deforestation? Quasi-experimental evidence from Nicaragua
چکیده انگلیسی

Many policymakers argue that property rights decrease deforestation. Some theoretical papers also make this prediction, arguing that property rights decrease discount rates applied to a long-term investment in forestry. However, the effect is theoretically ambiguous. The paper takes a novel instrumental variables approach based on Nicaragua's agrarian reform to test for the effect, using a new dataset—Nicaragua's 2001 agricultural census. It finds that property rights significantly increase deforestation. The model, supported by the data, suggests a likely mechanism for this relationship: property rights increase investment, increasing agricultural productivity and therefore the returns to deforestation.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Environmental Economics and Management - Volume 65, Issue 2, March 2013, Pages 241–261
نویسندگان
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