Effects of Land Misallocation on Capital Allocations in India
Growing research and policy interest focuses on the misallocation of output and factors of production in developing economies. This paper considers the possible misallocation of financial loans. Using plant-level data on the organized and unorganiz...
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| Format: | Working Paper |
| Language: | English en_US |
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World Bank, Washington, DC
2015
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2015/10/25171685/effects-land-misallocation-capital-allocations-india http://hdl.handle.net/10986/22866 |
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okr-10986-22866 |
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| recordtype |
oai_dc |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
PROFITABILITY CREDIT BUREAUS JOB CREATION ENTREPRENEURS TAXES GOVERNMENTS FINANCIAL ACCESS LOAN AMOUNT CREDITWORTHINESS EQUITY INTERNATIONAL BANK FORMAL FINANCE FINANCIAL DEPTH BANK ECONOMETRICS ACCESS TO EXTERNAL FINANCE BIASES MARGINAL REVENUE FINANCIAL INTEGRATION PROPERTY SMALL BUSINESSES PAYMENT RURAL BANK CREDIT REGISTRIES RISK PERCEPTION LENDING BANKS DIRECTED CREDIT MICRO-ENTERPRISES INVESTMENT COLLATERAL SUPPORT ISSUE OF ACCESS LABOR INEQUALITY EXTERNAL FINANCING FORMAL CREDIT NEW ENTRANTS CREDIT POLICY FINANCIAL SECTOR LIBERALIZATION CORRUPTION EMPLOYMENT GROWTH WOMEN PERSONAL ASSETS INTEREST RATE GENDER HOUSING OUTSTANDING LOANS ECONOMIC GROWTH ENTERPRISE CREDIT MARKETS PAYMENTS EXCLUSION GUARANTEE INDUSTRY LOAN DEMAND BANK BRANCHES BANK CREDIT CO-OPERATIVE BANKS FINANCIAL DEEPENING RESOURCE ALLOCATION ACCESS TO LOANS BANK LOANS FINANCING LABOR MARKETS CREDIT MARKET FINANCIAL MARKETS FINANCIAL SECTOR DEVELOPMENT MICRO ENTERPRISES FIXED ASSETS SIZES OF LOAN HUMAN CAPITAL BANKING SERVICES LOAN ACCESS STRATEGIES BORROWERS REAL ESTATE BORROWER ENTREPRENEURSHIP WATER SUPPLY HOUSEHOLDS SERVICES UNION ENTREPRENEUR MONETARY POLICY MICRO-FINANCE INSTITUTIONS COST OF CAPITAL EXTERNAL FINANCE DISPARITIES IN ACCESS FINANCIAL DEVELOPMENT BUSINESS PLANS HOUSEHOLD COLLATERAL FINANCIAL INSTITUTIONS MICROFINANCE CAPITAL INFORMATION SHARING ECONOMIC ACTIVITY GREATER ACCESS RESERVE BANK OF INDIA MARKET VALUE ASYMMETRIC INFORMATION ECONOMIC DEVELOPMENT ACCOUNTING EMPLOYEE ENTERPRISES LAND MARKETS FINANCIAL STRENGTH MICRO-ENTREPRENEURS REVENUE RURAL BANKS ACCESS TO FORMAL CREDIT TRADE CREDITS DEBT COLLECTORS ENTERPRISE DEVELOPMENT CREDIT ACCESS TO CREDIT START-UP FORM OF COLLATERAL LENDERS LAND ISSUES PRIVATE ENTERPRISES GOVERNMENT POLICY LOANS OUTREACH ACCESS TO FORMAL FINANCE BUSINESS OWNERS BANK LOAN COMMERCIAL BANKS INTANGIBLE ASSETS REPOSSESSION SMALL BUSINESS OWNERS MACROECONOMICS MARKETS PRIVATE ENTERPRISE CREDIT INFORMATION RURAL BANK BRANCHES EMPLOYEES DEBT FORMS OF CREDIT GENDER INEQUALITY LOAN BANK FINANCING OVERDRAFT HIGH INTEREST RATE INVENTORY FINANCIAL SERVICES BANKING WORKING CAPITAL LABOR MARKET PRINCIPAL LENDER SECURITY FINANCIAL SUPPORT INTEREST PAYMENTS PRODUCTIVITY CREDITS INTEREST TANGIBLE ASSETS LAND TRADE CREDIT SMALL BUSINESS VALUE ACCESS TO BANKING INTEREST EXPENSE MICRO-FINANCE OUTSTANDING LOAN CREDIT-WORTHINESS LACK OF COLLATERAL VILLAGES CREDIT RISK ACCESS TO FINANCIAL SERVICES LOAN AMOUNTS CREDIT SUPPORT EMPLOYMENT TRANSPORT URBAN AREAS ACCESS TO FINANCE ECONOMICS MICRO-CREDIT MONEY LENDERS INTEREST PAYMENT INFRASTRUCTURE NET VALUE ECONOMIC POLICY BORROWING RISK COLLATERAL REQUIREMENTS FAMILY FINANCE PRICING |
| spellingShingle |
PROFITABILITY CREDIT BUREAUS JOB CREATION ENTREPRENEURS TAXES GOVERNMENTS FINANCIAL ACCESS LOAN AMOUNT CREDITWORTHINESS EQUITY INTERNATIONAL BANK FORMAL FINANCE FINANCIAL DEPTH BANK ECONOMETRICS ACCESS TO EXTERNAL FINANCE BIASES MARGINAL REVENUE FINANCIAL INTEGRATION PROPERTY SMALL BUSINESSES PAYMENT RURAL BANK CREDIT REGISTRIES RISK PERCEPTION LENDING BANKS DIRECTED CREDIT MICRO-ENTERPRISES INVESTMENT COLLATERAL SUPPORT ISSUE OF ACCESS LABOR INEQUALITY EXTERNAL FINANCING FORMAL CREDIT NEW ENTRANTS CREDIT POLICY FINANCIAL SECTOR LIBERALIZATION CORRUPTION EMPLOYMENT GROWTH WOMEN PERSONAL ASSETS INTEREST RATE GENDER HOUSING OUTSTANDING LOANS ECONOMIC GROWTH ENTERPRISE CREDIT MARKETS PAYMENTS EXCLUSION GUARANTEE INDUSTRY LOAN DEMAND BANK BRANCHES BANK CREDIT CO-OPERATIVE BANKS FINANCIAL DEEPENING RESOURCE ALLOCATION ACCESS TO LOANS BANK LOANS FINANCING LABOR MARKETS CREDIT MARKET FINANCIAL MARKETS FINANCIAL SECTOR DEVELOPMENT MICRO ENTERPRISES FIXED ASSETS SIZES OF LOAN HUMAN CAPITAL BANKING SERVICES LOAN ACCESS STRATEGIES BORROWERS REAL ESTATE BORROWER ENTREPRENEURSHIP WATER SUPPLY HOUSEHOLDS SERVICES UNION ENTREPRENEUR MONETARY POLICY MICRO-FINANCE INSTITUTIONS COST OF CAPITAL EXTERNAL FINANCE DISPARITIES IN ACCESS FINANCIAL DEVELOPMENT BUSINESS PLANS HOUSEHOLD COLLATERAL FINANCIAL INSTITUTIONS MICROFINANCE CAPITAL INFORMATION SHARING ECONOMIC ACTIVITY GREATER ACCESS RESERVE BANK OF INDIA MARKET VALUE ASYMMETRIC INFORMATION ECONOMIC DEVELOPMENT ACCOUNTING EMPLOYEE ENTERPRISES LAND MARKETS FINANCIAL STRENGTH MICRO-ENTREPRENEURS REVENUE RURAL BANKS ACCESS TO FORMAL CREDIT TRADE CREDITS DEBT COLLECTORS ENTERPRISE DEVELOPMENT CREDIT ACCESS TO CREDIT START-UP FORM OF COLLATERAL LENDERS LAND ISSUES PRIVATE ENTERPRISES GOVERNMENT POLICY LOANS OUTREACH ACCESS TO FORMAL FINANCE BUSINESS OWNERS BANK LOAN COMMERCIAL BANKS INTANGIBLE ASSETS REPOSSESSION SMALL BUSINESS OWNERS MACROECONOMICS MARKETS PRIVATE ENTERPRISE CREDIT INFORMATION RURAL BANK BRANCHES EMPLOYEES DEBT FORMS OF CREDIT GENDER INEQUALITY LOAN BANK FINANCING OVERDRAFT HIGH INTEREST RATE INVENTORY FINANCIAL SERVICES BANKING WORKING CAPITAL LABOR MARKET PRINCIPAL LENDER SECURITY FINANCIAL SUPPORT INTEREST PAYMENTS PRODUCTIVITY CREDITS INTEREST TANGIBLE ASSETS LAND TRADE CREDIT SMALL BUSINESS VALUE ACCESS TO BANKING INTEREST EXPENSE MICRO-FINANCE OUTSTANDING LOAN CREDIT-WORTHINESS LACK OF COLLATERAL VILLAGES CREDIT RISK ACCESS TO FINANCIAL SERVICES LOAN AMOUNTS CREDIT SUPPORT EMPLOYMENT TRANSPORT URBAN AREAS ACCESS TO FINANCE ECONOMICS MICRO-CREDIT MONEY LENDERS INTEREST PAYMENT INFRASTRUCTURE NET VALUE ECONOMIC POLICY BORROWING RISK COLLATERAL REQUIREMENTS FAMILY FINANCE PRICING Duranton, Gilles Ghani, Ejaz Goswami, Arti Grover Kerr, William R. Effects of Land Misallocation on Capital Allocations in India |
| geographic_facet |
South Asia India |
| relation |
Policy Research Working Paper;No. 7451 |
| description |
Growing research and policy interest
focuses on the misallocation of output and factors of
production in developing economies. This paper considers the
possible misallocation of financial loans. Using plant-level
data on the organized and unorganized sectors, the paper
describes the temporal, geographic, and industry
distributions of financial loans. The focus of the analysis
is the hypothesis that land misallocation might be an
important determinant of financial misallocation (for
example, because of the role of land as collateral against
loans). Using district-industry variations, the analysis
finds evidence to support this hypothesis, although it does
not find a total reduction in the intensity of financial
loans or those being given to new entrants. The analysis
also considers differences by gender of business owners and
workers in firms. Although potential early gaps for
businesses with substantial female employment have
disappeared in the organized sector, a sizeable and
persistent gap remains in the unorganized sector. |
| format |
Working Paper |
| author |
Duranton, Gilles Ghani, Ejaz Goswami, Arti Grover Kerr, William R. |
| author_facet |
Duranton, Gilles Ghani, Ejaz Goswami, Arti Grover Kerr, William R. |
| author_sort |
Duranton, Gilles |
| title |
Effects of Land Misallocation on Capital Allocations in India |
| title_short |
Effects of Land Misallocation on Capital Allocations in India |
| title_full |
Effects of Land Misallocation on Capital Allocations in India |
| title_fullStr |
Effects of Land Misallocation on Capital Allocations in India |
| title_full_unstemmed |
Effects of Land Misallocation on Capital Allocations in India |
| title_sort |
effects of land misallocation on capital allocations in india |
| publisher |
World Bank, Washington, DC |
| publishDate |
2015 |
| url |
http://documents.worldbank.org/curated/en/2015/10/25171685/effects-land-misallocation-capital-allocations-india http://hdl.handle.net/10986/22866 |
| _version_ |
1764452271204073472 |
| spelling |
okr-10986-228662021-04-23T14:04:11Z Effects of Land Misallocation on Capital Allocations in India Duranton, Gilles Ghani, Ejaz Goswami, Arti Grover Kerr, William R. PROFITABILITY CREDIT BUREAUS JOB CREATION ENTREPRENEURS TAXES GOVERNMENTS FINANCIAL ACCESS LOAN AMOUNT CREDITWORTHINESS EQUITY INTERNATIONAL BANK FORMAL FINANCE FINANCIAL DEPTH BANK ECONOMETRICS ACCESS TO EXTERNAL FINANCE BIASES MARGINAL REVENUE FINANCIAL INTEGRATION PROPERTY SMALL BUSINESSES PAYMENT RURAL BANK CREDIT REGISTRIES RISK PERCEPTION LENDING BANKS DIRECTED CREDIT MICRO-ENTERPRISES INVESTMENT COLLATERAL SUPPORT ISSUE OF ACCESS LABOR INEQUALITY EXTERNAL FINANCING FORMAL CREDIT NEW ENTRANTS CREDIT POLICY FINANCIAL SECTOR LIBERALIZATION CORRUPTION EMPLOYMENT GROWTH WOMEN PERSONAL ASSETS INTEREST RATE GENDER HOUSING OUTSTANDING LOANS ECONOMIC GROWTH ENTERPRISE CREDIT MARKETS PAYMENTS EXCLUSION GUARANTEE INDUSTRY LOAN DEMAND BANK BRANCHES BANK CREDIT CO-OPERATIVE BANKS FINANCIAL DEEPENING RESOURCE ALLOCATION ACCESS TO LOANS BANK LOANS FINANCING LABOR MARKETS CREDIT MARKET FINANCIAL MARKETS FINANCIAL SECTOR DEVELOPMENT MICRO ENTERPRISES FIXED ASSETS SIZES OF LOAN HUMAN CAPITAL BANKING SERVICES LOAN ACCESS STRATEGIES BORROWERS REAL ESTATE BORROWER ENTREPRENEURSHIP WATER SUPPLY HOUSEHOLDS SERVICES UNION ENTREPRENEUR MONETARY POLICY MICRO-FINANCE INSTITUTIONS COST OF CAPITAL EXTERNAL FINANCE DISPARITIES IN ACCESS FINANCIAL DEVELOPMENT BUSINESS PLANS HOUSEHOLD COLLATERAL FINANCIAL INSTITUTIONS MICROFINANCE CAPITAL INFORMATION SHARING ECONOMIC ACTIVITY GREATER ACCESS RESERVE BANK OF INDIA MARKET VALUE ASYMMETRIC INFORMATION ECONOMIC DEVELOPMENT ACCOUNTING EMPLOYEE ENTERPRISES LAND MARKETS FINANCIAL STRENGTH MICRO-ENTREPRENEURS REVENUE RURAL BANKS ACCESS TO FORMAL CREDIT TRADE CREDITS DEBT COLLECTORS ENTERPRISE DEVELOPMENT CREDIT ACCESS TO CREDIT START-UP FORM OF COLLATERAL LENDERS LAND ISSUES PRIVATE ENTERPRISES GOVERNMENT POLICY LOANS OUTREACH ACCESS TO FORMAL FINANCE BUSINESS OWNERS BANK LOAN COMMERCIAL BANKS INTANGIBLE ASSETS REPOSSESSION SMALL BUSINESS OWNERS MACROECONOMICS MARKETS PRIVATE ENTERPRISE CREDIT INFORMATION RURAL BANK BRANCHES EMPLOYEES DEBT FORMS OF CREDIT GENDER INEQUALITY LOAN BANK FINANCING OVERDRAFT HIGH INTEREST RATE INVENTORY FINANCIAL SERVICES BANKING WORKING CAPITAL LABOR MARKET PRINCIPAL LENDER SECURITY FINANCIAL SUPPORT INTEREST PAYMENTS PRODUCTIVITY CREDITS INTEREST TANGIBLE ASSETS LAND TRADE CREDIT SMALL BUSINESS VALUE ACCESS TO BANKING INTEREST EXPENSE MICRO-FINANCE OUTSTANDING LOAN CREDIT-WORTHINESS LACK OF COLLATERAL VILLAGES CREDIT RISK ACCESS TO FINANCIAL SERVICES LOAN AMOUNTS CREDIT SUPPORT EMPLOYMENT TRANSPORT URBAN AREAS ACCESS TO FINANCE ECONOMICS MICRO-CREDIT MONEY LENDERS INTEREST PAYMENT INFRASTRUCTURE NET VALUE ECONOMIC POLICY BORROWING RISK COLLATERAL REQUIREMENTS FAMILY FINANCE PRICING Growing research and policy interest focuses on the misallocation of output and factors of production in developing economies. This paper considers the possible misallocation of financial loans. Using plant-level data on the organized and unorganized sectors, the paper describes the temporal, geographic, and industry distributions of financial loans. The focus of the analysis is the hypothesis that land misallocation might be an important determinant of financial misallocation (for example, because of the role of land as collateral against loans). Using district-industry variations, the analysis finds evidence to support this hypothesis, although it does not find a total reduction in the intensity of financial loans or those being given to new entrants. The analysis also considers differences by gender of business owners and workers in firms. Although potential early gaps for businesses with substantial female employment have disappeared in the organized sector, a sizeable and persistent gap remains in the unorganized sector. 2015-11-05T16:41:05Z 2015-11-05T16:41:05Z 2015-10 Working Paper http://documents.worldbank.org/curated/en/2015/10/25171685/effects-land-misallocation-capital-allocations-india http://hdl.handle.net/10986/22866 English en_US Policy Research Working Paper;No. 7451 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Policy Research Working Paper Publications & Research South Asia India |