Land Security and Mobility Frictions

We thank Yan Bai, Lin Ma, Rachel Ngai, Marlon Seror, Kjetil Storesletten, Xiaodong Zhu, and seminar participants at Academia Sinica, Arizona State University, Ashoka University, Boston University, Cagliari Macro DynamicsWorkshop, Canadian Macro Study Group at UQAM, EMES in Milan, Melbourne Macro De- velopment Workshop, Midwest Macro Meetings at Michigan State University, NASM in Montreal, Novafrica Development Conference, Peking University, Penn State University, Queen's University, SED in Minneapolis and Madison, Texas A&M University, Trinity College Dublin, University of Nottingham, and University of Toronto. Adamopoulos, Brandt, and Chen gratefully acknowledge the support from the Social Sciences and Humanities Research Council of Canada. Brandt thanks the support from the Noranda Chair for Inter- national Trade and Economics. Restuccia gratefully acknowledges the support from the Canada Research Chairs program and the Bank of Canada Fellowship program. Funding from the Research Support Board at the World Bank supported data access and collection. The views expressed herein are not necessarily those of the Bank of Canada and are the authors alone. All errors are our own. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

• January 13, 2022