Abstract
Understanding of the economic implications of land tenure systems rests on a dual foundation. First, there is a set of historical generalizations about the consequences of alternative tenure arrangements for economic growth. There is also a set of logical deductions about the effect of alternative tenure arrangements on resource allocation and output levels derived from the neo-classical theory of the firm. Among Western economists, economic history and economic logic have combined to produce a remarkable unity in doctrine to the effect that an agricultural sector organized on an owner-operator pattern (a) achieves a more efficient allocation of resources and (b) makes a greater contribution to national economic growth than under alternative systems.
The author is indebted to P. O. Covar, F. C. Byrnes and A. M. Weisblat for comments on an earlier draft of this paper. The paper draws on material previously published in ‘Land Reform and National Economic Development’ in G. P. Sicat (ed.), The Philippine Economy in the 1960’s, U.P., I.E.D.R., Diliman, 1964, pp. 92–119, and ‘Equity and Productivity Objectives in Agrarian Reform Legislation: Perspectives on the New Philippine Land Reform Code’, Indian Journal of Agricultural Economics, Vol. 19, Nos. 3 and 4, July–December, 1964, pp. 115–130.
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Ruttan, V.W. (1969). Equity and Productivity Issues in Modern Agrarian Reform Legislation. In: Papi, U., Nunn, C. (eds) Economic Problems of Agriculture in Industrial Societies. International Economic Association Series. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-08476-0_27
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DOI: https://doi.org/10.1007/978-1-349-08476-0_27
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