Some economists argue that ensuring people have titles to their land can ensure a feeling of security and boost production. … The greatest proponent of the argument is Hernando de Soto, a development economist who has managed to win praise from the likes of Bill Clinton and the libertarian Cato Institute.
There is plenty of evidence that land rights are connected to productivity, but new research out of Madagascar shows that it is not always the case.
Duke University researcher Marc F. Bellemare tested whether the land rights component of a $100 million Millennium Challenge Corporation (MCC) compact with the government of Madagascar. He found that the provision of formal land rights, meaning land titles, had not measurable impact on productivity when comparing farmers that did and did not benefit from the MCC compact.
Holding a land title is not sufficient if structures are not in place to enforce land ownership and dole it out.
From a very nice article by Tom Murphy on Humanosphere, which discusses the policy implications of my forthcoming Land Economics article on land rights in Madagascar.
Big Dumb Data?
This month’s issue of Foreign Affairs has a great article (you’ll need to log in to read the whole thing, ufortunately) on the rise of big data, which Wikipedia defines as
So far, so good. As a development economist, I have to make do with 500 observations more often than not (the largest dataset I have ever worked with had about 8,000 observations), so I obviously welcome ever larger datasets.