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 impact of land markets on a larger scale. We use a large Indian panel spanning almost 20 years, together with a climatic shock (rainfall) indicator, to assess the productivity- and equity-impact of market-mediated land transfers (sale and purchase) as compared to non-market ones (inheritance). While frequent shocks increase land market activity, an effect that is mitigated by presence of safety nets and banks- land sales markets improved productivity and helped purchasers, many of them formerly landless, to accumulate non-land assets and significantly enhance their welfare.
Year of publication: |
2007
|
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Authors: | Deininger, Klaus W. ; Jin, Songqing ; Nagarajan, Hari K. |
Institutions: | Agricultural and Applied Economics Association - AAEA |
Keywords: | Land Economics/Use |
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