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

Klaus Deininger, Songqing Jin and Hari Nagarajan

No 9824, 2007 Annual Meeting, July 29-August 1, 2007, Portland, Oregon from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: 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.

Keywords: Land; Economics/Use (search for similar items in EconPapers)
Pages: 27
Date: 2007
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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)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea07:9824

DOI: 10.22004/ag.econ.9824

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