セミナーシリーズ
アジア経済発展論研究会セミナー（2025.4.15）
Lorenzo Casaburi（Associate Professor, Department of Economics, UBS Foundation, University of Zurich）
- 開催日：
- 2025年4月15日（火）10:30-12:00
- 場所：
- 京都大学 吉田キャンパス 法経済学部東館1階 106演習室
- 言語：
- 英語
- コーディネーター：
- 高野 久紀
“Land Rental Markets: Experimental Evidence from Kenya” Lorenzo Casaburi
Abstract:
Do land market frictions cause misallocation in agriculture? In a field experiment in Western Kenya, we randomly subsidize owners to rent out land. Transferring cultivation rights to renters increases output and value added on the plots, consistent with imperfect land markets and misallocation, and induced rentals persist after the subsidy ends. Additional analysis provides insights on the magnitude and nature of land frictions—which include search, risks, and learning—and on the sources of gains from trade—which include differences between owners and renters in crop choices, productivity, and financial market constraints, but not in labor constraints.