Book Description

This study assesses the economic implications of land ownership security in rural Thailand. It uses data from this country to rigorously analyze several aspects of land ownership security. It provides both qualitative and quantiative information on the effects of ownership security. The study presents a conceptual model and literature review and is followed by separate discussions on the evolution of land rights in Thailand; the study methodology and the nature of the data; and the credit market. A formal model of land acquisition and ownership security underlies the empirical discussions presented in subsequent chapters on land values; capital formation and land improvements; and, input use and farm productivity. The impact of usufruct certificates is then assessed, and is followed by an analysis of the benefits and costs of land titling. The study demonstrates and concludes that land ownership security in Thailand has a substantial impact on farmers' agricultural performance.