81001451

open access

Version of Record

ジャワ ノウソン ニ オケル コサク ケイヤク ケイタイ ノ ケッテイイン ニ ツイテ ナイセイセイ バイアス オ コウリョウ ニ イレタ ジッショウ ブンセキ

An Empirical Study of Land Tenancy Contracts in Rural Java : Taking into Consideration of the "Endogenous Matching"

Japanese (日本語)

国際協力論集

17(1)

101-115

神戸大学大学院国際協力研究科

2009-07

2009-08-12

This paper tests three alternative hypotheses: risk sharing hypothesis, delegation hypothesis and transaction cost hypothesis, on the determinants of land tenancy contracts, taking into consideration of the "endogenous matching". We used the data from rural Java where the personal ties between the land owners and tenants play an important role to mitigate transaction costs potentially caused by moral hazardous behavior. Following Ackerberg and Botticini, we applied the IV probit model which can control the endogenous matching. While the indicator of risk, crop rotation or yield variation may be endogenous, we can not find that its treatment had little consequence. The results of estimation showed that the degree of tenant's risk aversion has a positive effect on the choice of share tenancy contract, while risk did not show a significant positive impact on the choice of the share tenancy contract. The current findings did not support the risk sharing hypothesis nor the delegation hypothesis. In addition, the ex-ante commitment for rent exemption or income transfer at the time of bad harvest has a positive effect on the choice of share tenancy contract. If this commitment can be regarded as an arrangement for gift exchange, transaction cost hypothesis could explain the choice of tenancy contract. Nevertheless, the transaction cost hypothesis was not fully supported, because we also found a positive relation between risk aversion and choice of share tenancy contracts. Our empirical data may suggest that we need an alternative theory of share tenancy contract.

紀要論文