Determinants and Consequences of Land Sales Market Participation : Panel Evidence from India

Deininger, Klaus ; Jin, Songqing ; Nagarajan, Hari K.

World Bank, Washington, DC

关键词: ACCESS TO CREDIT;    ACCESS TO INFORMATION;    AGRARIAN REFORM;    AGRARIAN STRUCTURE;    ALM;   

DOI  :  10.1596/1813-9450-4323
RP-ID  :  WPS4323

学科分类：社会科学、人文和艺术（综合）

来源: World Bank Open Knowledge Repository

【 摘 要 】

Although opinions on impacts of landmarket transfers are sharply divided, few studies explorethe welfare and productivity effects of land markets on alarger scale. This paper uses a large Indian panel spanningalmost 20 years, together with a climatic shock (rainfall)indicator, to assess the productivity and equity effects ofmarket-mediated land transfers (sale and purchase) comparedwith non-market ones (inheritance). The analysis shows thatfrequent shocks increase land market activity, an effectthat is mitigated by the presence of safety nets and banks.Land sales markets improved productivity and helpedpurchasers, many of whom were formerly landless, toaccumulate non-land assets and significantly enhance their welfare.