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

Klaus Deininger, Songqing Jin and Hari Nagarajan

World Development, 2009, vol. 37, issue 2, 410-421

Abstract: Summary Although opinions on impacts of land market transfers are sharply divided, few studies explore welfare- and productivity-impact of land sales markets over a long time horizon and national scale. A panel spanning almost 20 years, together with an indicator of climatic (rainfall) shocks, allows us to assess factors underlying market-mediated land (sale and purchase) transactions and their impact on productivity and equity. Economic growth emerges as a key driver of such markets although shocks, their effect mitigated by bank presence, also increased market activity. Land sales improved productivity and helped purchasers, many of them formerly landless, to accumulate non-land assets and enhance their welfare.

Keywords: South; Asia; India; land; market; panel; evidence; determinants; consequences (search for similar items in EconPapers)
Date: 2009
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (23)

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Related works:
Working Paper: Determinants and Consequences of Land Sales Market Participation: Panel Evidence from India (2007)
Working Paper: Determinants and consequences of land sales market participation: panel evidence from India (2007)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:wdevel:v:37:y:2009:i:2:p:410-421

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