USUFRUCT AND USURY: AN ANALYSIS OF LAND LEASING IN EAST JAVA

On Java, land leasing functions as a credit instrument when the entire rent is paid in advance. The rights obtained by the tenant/lender are the 'price' of the loan made to the land owner/borrower. A model of such transactions shows that the area leased and duration of the lease are substitutes in raising a loan of given size and that the substitution rate is related to the term structure of interest rates.

MoreLess

Year of publication:	1984
Authors:	Sturgess, Neil H. ; Wijaya, Hesti R. ; Dow, N.
Published in:	Australian Journal of Agricultural Economics. - Australian Agricultural and Resource Economics Society - AARES. - Vol. 28.1984, 01
Publisher:	Australian Agricultural and Resource Economics Society - AARES
Keywords:	Land Economics/Use

More details

Extent:	application/pdf
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005493290