@article{Arimoto:164640,
      recid = {164640},
      author = {Arimoto, Yutaka and Nakajima, Shinsaku},
      title = {Review of Liquidization and Concentration of Farmland in  Japan},
      journal = {Journal of Rural Economics},
      address = {2010-06},
      number = {359-2016-18392},
      pages = {13},
      year = {2010},
      abstract = {This paper reviews theories, current conditions, and  barriers to liquidization and concentration of farmland in  Japan and discusses perspectives on further research. We  make special effort in introducing theoretical approach to  understand institutional barriers to farmland  liquidization, such as the farmland law system,  compensation for tenants' investment, farmland transaction  costs, and the high potential for farmland conversion.  Since many of the studies in Japan on this topic are  anecdotal or based on case studies, econometric studies  from overseas that use detailed data are selectively  reviewed for reference. Future studies should consider  linkage and complementarities between anecdotal or case  studies and quantitative approaches. Quantitative studies  that test various hypotheses in debate are required. Use of  farm or region level panel data should be useful and  effective to take into consideration for identification of  causality. Rigorous policy evaluations are also necessary  for assessing and improving policies that promote  structural adjustment.},
      url = {http://ageconsearch.umn.edu/record/164640},
      doi = {https://doi.org/10.22004/ag.econ.164640},
}