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

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

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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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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  1. Kailash Sarap, 1995. "Land Sale Transactions in an Indian Village: Theories and Evidence," Indian Economic Review, Department of Economics, Delhi School of Economics, vol. 30(2), pages 223-240, July.
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  4. Deininger, Klaus & Songqing Jin, 2003. "Land sales and rental markets in transition - evidence from rural Viet Nam," Policy Research Working Paper Series 3013, The World Bank.
  5. Jayne, Thomas S. & Yamano, Takashi & Weber, Michael T. & Tschirley, David L. & Benfica, Rui M.S. & Chapoto, Antony & Zulu, Ballard & Neven, David, 2002. "Smallholder Income and Land Distribution in Africa: Implications for Poverty Reduction Strategies," Food Security International Development Policy Syntheses 11295, Michigan State University, Department of Agricultural, Food, and Resource Economics.
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  14. Besley, Timothy J. & Burgess, Robin, 2002. "Can Labour Regulation Hinder Economic Performance? Evidence from India," CEPR Discussion Papers 3260, C.E.P.R. Discussion Papers.
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