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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

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.

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Bibliographic Info

Paper provided by The World Bank in its series Policy Research Working Paper Series with number 4323.

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Date of creation: 01 Aug 2007
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Handle: RePEc:wbk:wbrwps:4323

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Keywords: Banks&Banking Reform; Markets and Market Access; Municipal Housing and Land; Real Estate Development;

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Cited by:
  1. Tarun Jain, 2014. "Where There Is a Will: Fertility Behavior and Sex Bias in Large Families," Journal of Human Resources, University of Wisconsin Press, vol. 49(2), pages 393-423.
  2. Ram Singh, 2012. "Inefficiency And Abuse Of Compulsory Land Acquisition--An Enquiry Into The Way Forward," Working papers, Centre for Development Economics, Delhi School of Economics 209, Centre for Development Economics, Delhi School of Economics.
  3. 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, Centre for European Policy Studies 171, Centre for European Policy Studies.
  4. Maitreesh Ghatak & Parikshit Ghosh, 2011. "The Land Acquisition Bill-- A Critique and a Proposal," Working papers, Centre for Development Economics, Delhi School of Economics 204, Centre for Development Economics, Delhi School of Economics.
  5. Aryal, Jeetendra P. & Holden, Stein T., 2011. "Caste Discrimination, Land Reforms and Land Market Performance in Nepal," CLTS Working Papers, Centre for Land Tenure Studies, Norwegian University of Life Sciences 1/11, Centre for Land Tenure Studies, Norwegian University of Life Sciences.

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