Institutional aspects of the development of local markets for agricultural land rights

DOI

10.2991/cssdre-19.2019.78How to use a DOI?

Keywords

market model, economic rights market, rental relations, agricultural land market, market monitoring, sustainable development, regional economy

Abstract

The article proposes to consider sustainable development of regional economy in the context of mutual influence of the main interaction mechanisms between individuals and organizations, power and competition in agricultural land market. According to the authors’ concept of a dual agricultural land market, a model of economic rights market is considered as a market more in demand under the conditions of the current moratorium on state and municipal land sale in the region and a limited supply of shared ownership. Basing on the results of the research conducted within the framework of “Monitoring the functioning of local agricultural land markets” research project, we found some non-price determinants affecting structural transformation of land lease demand and supply, the motives for economic rights market that determine the behaviour of market agents within “limited” competition. The multilevel system of rental relations is justified - “individual - organization, organization - power”, within the framework of which it is necessary to increase the coercion level of built-in power mechanism to control the effective use of land resources based on land lease state support. Several types of opportunistic behaviour are identified, as well as a group of factors constraining the development of the agricultural land market, according to our multivariate analysis. Efficient functioning of the agricultural land economic rights market in the context of institutional constraints could ensure guaranteed economic growth, stable conditions for expanded reproduction of rural population and an increase in their welfare.

Copyright

© 2019, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Elena Fedyunina
AU  - Liliya Oganesyan
AU  - Alexander Vorobyov
PY  - 2019/06
DA  - 2019/06
TI  - Institutional aspects of the development of local markets for agricultural land rights
BT  - Proceedings of the Volgograd State University International Scientific Conference "Competitive, Sustainable and Safe Development of the Regional Economy" (CSSDRE 2019)
PB  - Atlantis Press
SP  - 402
EP  - 406
SN  - 2352-5428
UR  - https://doi.org/10.2991/cssdre-19.2019.78
DO  - 10.2991/cssdre-19.2019.78
ID  - Fedyunina2019/06
ER  -