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Library Resource
The extent to which households should be
allowed to transfer their land rights in post-socialist
transition economies is of considerable policy interest. The
authors use data from Vietnam, a transition country that
allows rental and sales of land use rights, to identify
factors conducive to the development of land markets and to
assess the extent to which land transfers enhance productive
efficiency and transfer land to the poor. They find that
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Library Resource
While liberalizing key factor markets is
a crucial step in the transition from a socialist
control-economy to a market economy, the process can be
stalled by imperfect information, high transaction costs,
and covert resistance from entrenched interests. The authors
study land-market adjustment in the wake of Vietnam's
reforms aiming to establish a free market in land-use rights
following de-collectivization. Inefficiencies in the initial
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