Rural Credit Market and the Choice of Tenurial Contracts: A Micro Evidence from Rural West Bengal, India

Arindam Laha () and Pravat Kumar Kuri
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Pravat Kumar Kuri: Reader, Department of Economics, The University of Burdwan, West Bengal, India.

Bangladesh Development Studies, 2010, vol. 33, issue 4, 63-83

Abstract: An attempt has been made in the paper to shed some lights on the economic rationale of the coexistence of alternative tenurial contracts in agrarian institutions. To provide adequate explanations of economic rationale under alternative tenurial contracts, a theore tical conceptualisation has been made to identify the role of credit in contract choices. The theoretical model suggests that choice of a particular contract is determined by the joint influence of credit accessibility of tena nts and the lending potentiality of the landlords. The propositions derived from the model have been tested empirically using firm field data from rural West Bengal under the specification of both Simultaneous and Sequential Choice Models . Empirically both the versions of the empirical model establish the instrumental role of credit in determining the choice of a particular contract among a set of possible contracts

Keywords: Rural Credit Market; Tenurial Contracts; West Bengal; India (search for similar items in EconPapers)
JEL-codes: A10 (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (3)

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