DETERMINANTS AND CONSEQUENCES OF LAND-REFORM IMPLEMENTATION IN THE PHILIPPINES

Unlike the experience of other developing countries, land reform in the Philippines has been successful in converting many of share tenants to land reform beneficiaries. This study indicates that the implementation of land reform is positively associated with yield growth made possible by the adoption of modern seed-fertilizer technology. A major reason underlying such association is considered to be an increased economic interest of tenants in land reform arising from divergence of rental value of land from leasehold rent and amortization fees prescribed by law.