Determinants And Consequences of Land Sales Market Participation Panel Evidence From India

Although opinions on impacts of land market transfers are sharply divided, few studies explore the welfare and productivity effects of land markets on a larger scale. This paper uses a large Indian panel spanning almost 20 years, together with a climatic shock (rainfall) indicator, to assess the pro...

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Bibliographic Details
Main Author: Deininger, Klaus
Other Authors: Nagarajan, Hari K., Jin, Songqing
Format: eBook
Language:English
Published: Washington, D.C The World Bank 2007
Subjects:
Online Access:
Collection: World Bank E-Library Archive - Collection details see MPG.ReNa
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300 |a 29 p. 
653 |a Macroeconomics and Economic Growth 
653 |a Municipal Housing and Land 
653 |a Markets and Market Access 
653 |a Sales 
653 |a Substitutes 
653 |a Economic effects 
653 |a Sale 
653 |a Capital market 
653 |a Market access 
653 |a Expenditure 
653 |a Real Estate Development 
653 |a Communities & Human Settlements 
653 |a Private Sector Development 
653 |a Financial market 
653 |a Purchasing 
653 |a Banks and Banking Reform 
653 |a Market development 
653 |a Land and Real Estate Development 
700 1 |a Nagarajan, Hari K. 
700 1 |a Deininger, Klaus 
700 1 |a Jin, Songqing 
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520 |a Although opinions on impacts of land market transfers are sharply divided, few studies explore the welfare and productivity effects of land markets on a larger scale. This paper uses a large Indian panel spanning almost 20 years, together with a climatic shock (rainfall) indicator, to assess the productivity and equity effects of market-mediated land transfers (sale and purchase) compared with non-market ones (inheritance). The analysis shows that frequent shocks increase land market activity, an effect that is mitigated by the presence of safety nets and banks. Land sales markets improved productivity and helped purchasers, many of whom were formerly landless, to accumulate non-land assets and significantly enhance their welfare