Determinants and consequences of land sales market participation: panel evidence from India

Klaus Deininger, Songqing Jin and Hari Nagarajan

No 4323, Policy Research Working Paper Series from The World Bank

Abstract: 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.

Keywords: Banks&Banking Reform; Markets and Market Access; Municipal Housing and Land; Real Estate Development (search for similar items in EconPapers)
Date: 2007-08-01
New Economics Papers: this item is included in nep-agr, nep-cwa, nep-dev and nep-ure
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Citations: View citations in EconPapers (9)

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Related works:
Journal Article: Determinants and Consequences of Land Sales Market Participation: Panel Evidence from India (2009)
Working Paper: Determinants and Consequences of Land Sales Market Participation: Panel Evidence from India (2007)
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