| This paper examines the efficiency and welfare impact of landholdings in rural Vietnam. We utilize panel data set from field surveys which have been carried out from 1997 to 2007 in Red River Delta and Mekong Delta. We find no support for the hypothesis that small farmers in the north survey area have an advantage of efficiency in rice production. Since, although we confirm the inverse relationship between the land productivity and farm size, the average costs have increased rapidly as farm size have decreased. Some farmers, however, in the South have gradually cumulated in a middle-class of landholdings that has achieved the highest productivity, which implies efficient land allocation is realized. We also clarify the welfare impacts of these landholdings... |
