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This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License
Article
Author(s)
Laura Castellucci and Marco Arbia
Full-Text PDF
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DOI:10.17265/2161-6256/2017.01.001
Affiliation(s)
Department of Economics and Finance, University of Rome Tor Vergata, Rome 00133, Italy
ABSTRACT
In the last two decades,
the global interest on farmland grew at a remarkable pace. As a consequence,
million hectares of land exchanged hands. The
ways the transfers happened combined with
their geographic concentration in Sub-Saharian
Africa,
have earned the phenomenon the
name of “land grab”. The agricultural sector considered
a “sunset industry” when commodities prices were declining, is
now
attractive to financial investors. These foreign investments
may
be
good
as
they may
improve
agricultural productivity or instead bad as
they may benefit only financial investors. Some results in terms of
environmental and local communities’ worsening conditions have already emerged.
This paper aims
to
investigate what drives the big size transfers of land, to empirically estimate
their effects in terms of local employment and
to assess the environmental effects produced by the
rapid
transformation
in the use of
vast
amount of land in terms of CO2 emissions. It is
also proposed
to use the estimation in terms of local employment impact
as a way of distinguishing between foreign
direct investment and land grabbing.
KEYWORDS
Land grabbing, foreign direct investment, land use change, contracts, land rights, CO2 emissions.
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