ECONOMIC ANALYSIS OF THE BAN ON FOREIGNERS ACQUIRING PROPERTY RIGHTS ON AGRICULTURAL LAND IN SERBIA
Keywords:
agricultural land, Law on Agricultural Land, foreigners, property right.Abstract
In Serbia it is prescribed by The Law on Agricultural Land that foreign legal or natural persons could not become owners of agricultural land. The aim of this paper is to show that such a norm creates an economic environment where an optimal allocation of agricultural land as a production factor could not be achieved. The cost - benefit analysis shows that main gainers are Serbian producers and buyers of land who are able to realize a monopoly profit, whereas sellers of agricultural land are at loss, getting a lower economic rent, as well as foreign buyers. A total loss of domestic sellers only is bigger than a total profit of buyers. In the end, it is being pointed to a relativity of the ban, in the sense of a possibility to easily get past the ban through provisions of The Law on Foreign Trade. The conclusion points out that an eventual suspension of the ban would stimulate efficiency of Serbian economy and an increase in the net welfare.
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References
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5. Coase, R. (1960): The Problem of Social Cost, the Journal of Law and Economics, Vol. 3, no. 1, pp. 1–44.
6. Constitution of Republic of Serbia, the Official Gazette of the RS, no. 98/2006.
7. Csák, C., Nagy, Z. (2011): Regulation of Obligation of Use Regarding the Agricultural Land in Hungary, Zbornik radova, Pravni fakultet u Novom Sadu, Centar za izdavačku delatnost, Vol. XLV, no. 2, pp. 541-550.
8. Dadak, C. (2004): The Case for Foreign Ownership of Farmland in Poland, The Cato Journal, vol. 24, No 3, Cato Institute, pp. 277-294.
9. Josipović, T. (2003): Pravni promet nekretnina u Europskoj uniji – Prilagodba hrvatskog pravnog poretka europskom, Zagreb, Narodne novine.
10.Jovanović, A. (2008): Teorijske osnove ekonomske analize prava, Pravni fakultet, Univerzitet u Beogradu.
11.Keča, R. (1993): Zemljišno pravo i pravni režim poljoprivrednog zemljišta, Univerzitet u Novom Sadu, Pravni fakultet, Centar za izdavačku delatnost.
12.Law on Agricultural Land, the Official Gazette of RS, no. 62/2006, 65/2008 and 41/2009.
13.Law on Basis of Ownership and Proprietary, the Official Gazette of SFRY, no. 6/1980 and 36/1990, the Official Gazette of FRY, no. 29/1996 and the Official Gazette of RS, no. 115/2005.
14.Law on Foreign Trade, the Official Gazette of RS, no. 36/2009, 36/2011 and 88/2011.
15.Majdin, Z. (2010): Portret savremenika – Darko Šarić: Visoki službenik međunarodne narko-korporacije, Beograd, Vreme, no. 1005, April 8th.
16.Marković, R. (2008): Ustavno pravo i političke institucije, Pravni fakultet, Univerzitet u Beogradu.
17.Popis poljoprivrede 2012. godine u Republici Srbiji – prvi rezultati, Republički zavod za statistiku Beograd, 2013.
18.Popov, Đ. (2008): Encouragement and Control of Foreign Investment, Zbornik radova, Pravni fakultet u Novom Sadu, vol. 42, no. 3.
19.Popov, Đ. (2008a): The Importance Foreign Direct Investments for the Economic Stability of Serbian Economic, Zbornik radova Pravnog fakulteta, Novi Sad, vol. 42 no.1-2, pp. 29-44.
20.Prokopijević, M. (2009): Evropska unija: uvod, dopunjeno izdanje, Beograd, Službeni glasnik.
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22.Resolution on Accession to the European Union, the Official Gazette of the RS, no. 112/2004.
23.Rikalović, G. (2003): Privatizacija i zemljišne reforme u poljoprivredi, Viša poslovna škola u Novom Sadu.
24.Somogyi, S. (2004): Zemljišna politika Mađarske u sklopu prijema u Evropsku uniju, Zbornik radova, Naučni institute za ratarstvo i povrtarstvo Novi Sad, br. 40, pp. 23-34. 25.Sparkes, P. (2007): European Land Law, Portland (USA), Hart Publishing.
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27.Stiglitz, J. E. (2013): Ekonomija javnog sektora, Beograd, Ekonomski fakultet.
28.Strategy of Agricultural Development, the Official Gazette of the RS, no. 78/2005.
29.The Law on Confirmation of the Stabilisation and Association Agreement between the European Union and its Member States on one Side, and the Republic of Serbia, on the other Side (SAA), the Official Gazette of RS – International Agreements, no. 83/2008.
30.Vasić, M. (2010): Kriminal i države: Prava slika Darka Šarića, Vreme, no. 998, February 18th.
31.Vukićević, S., Stepić, D., Savović, D. (2011): Svojinskopravna ovlašćenja stranaca na poljoprivrednom zemljištu u Republici Srbiji, Ekonomika poljoprivrede, vol. LVIII, no. 4, NDAEB, IEP, Beograd i ASE Bukurešt, pp. 529-545.
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Published
2013-09-30
How to Cite
Baturan, L. (2013). ECONOMIC ANALYSIS OF THE BAN ON FOREIGNERS ACQUIRING PROPERTY RIGHTS ON AGRICULTURAL LAND IN SERBIA. Ekonomika Poljoprivrede, 60(3), 479–491. Retrieved from https://ea.bg.ac.rs/index.php/EA/article/view/442
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