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

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  • Deininger, Klaus
  • Jin, Songqing
  • Nagarajan, Hari K.

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.

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Bibliographic Info

Article provided by Elsevier in its journal World Development.

Volume (Year): 37 (2009)
Issue (Month): 2 (February)
Pages: 410-421

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Handle: RePEc:eee:wdevel:v:37:y:2009:i:2:p:410-421

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Web page: http://www.elsevier.com/locate/worlddev

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Keywords: South Asia India land market panel evidence determinants consequences;

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Cited by:
  1. Falkowski, Jan, 2013. "Does it matter how much land your neighbour owns? The functioning of land markets in Poland from a social comparison perspective," Factor Markets Working Papers 171, Centre for European Policy Studies.
  2. Maitreesh Ghatak & Parikshit Ghosh, 2011. "The Land Acquisition Bill-- A Critique and a Proposal," Working papers 204, Centre for Development Economics, Delhi School of Economics.
  3. Ram Singh, 2012. "Inefficiency And Abuse Of Compulsory Land Acquisition--An Enquiry Into The Way Forward," Working papers 209, Centre for Development Economics, Delhi School of Economics.
  4. Jain, Tarun, 2009. "Where there is a will: Fertility behavior and sex bias in large families," MPRA Paper 16835, University Library of Munich, Germany.
  5. Aryal, Jeetendra P. & Holden, Stein T., 2011. "Caste Discrimination, Land Reforms and Land Market Performance in Nepal," CLTS Working Papers 1/11, Centre for Land Tenure Studies, Norwegian University of Life Sciences.

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