Property Rights in a Very Poor Country : Tenure Insecurity and Investment in Ethiopia
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 transfer rights remain restricted and the
perception of continuing tenure insecurity remains quite
strong. Using a unique panel data set, this study