Determinants and Consequences of Land Sales Market Participation : Panel Evidence from India
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 cl...
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| Format: | Policy Research Working Paper |
| Language: | English |
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World Bank, Washington, DC
2012
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| Online Access: | http://documents.worldbank.org/curated/en/2007/08/8108816/determinants-consequences-land-sales-market-participation-panel-evidence-india http://hdl.handle.net/10986/7309 |
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okr-10986-73092021-04-23T14:02:34Z Determinants and Consequences of Land Sales Market Participation : Panel Evidence from India Deininger, Klaus Jin, Songqing Nagarajan, Hari K. ACCESS TO CREDIT ACCESS TO INFORMATION AGRARIAN REFORM AGRARIAN STRUCTURE ALM BANKS BEST USE BORROWING BUYER BUYERS CAPITAL MARKET COLLATERAL COMMODITY COMMUNITY DEVELOPMENT COMPETITIVENESS CONTRIBUTION CREDIT ACCESS DIVERSIFICATION DROUGHT DROUGHTS ECONOMIC DEVELOPMENT ECONOMIC EFFECTS ECONOMIES IN TRANSITION EMPLOYMENT EQUALIZATION EXPENDITURE EXPENDITURES FINANCIAL MARKET FINANCIAL MARKET DEVELOPMENT FINANCIAL SUPPORT HOUSEHOLD INCOME HOUSEHOLDS IMPERFECT CREDIT INCOME INCOME LEVELS INCOME SOURCES INCOMES INFLATION INHERITANCE INSURANCE LABOR MARKET LABOR MARKETS LAND PRICES LAND REFORM LAND SALES LAND SUPPLY LAND USE LAND VALUE LEGISLATION LIFETIME LIVING STANDARDS LOCAL GOVERNMENT LOW-INCOME MARKET ACCESS MARKET DEVELOPMENT MARKET LIBERALIZATION MARKET PARTICIPANTS MARKET RESTRICTIONS MIGRATION OTHER ASSETS POINTS PRESENT VALUE PROBABILITY PRODUCTIVITY PROFITABILITY PROPERTY RIGHTS PURCHASES PURCHASING REAL ESTATE RESOURCE ALLOCATION RISKY ASSETS SAFETY NET SAFETY NETS SAHEL SALARY SALE SALES SAVINGS SAVINGS INSTRUMENTS SELF EMPLOYMENT SELF-EMPLOYMENT SOCIAL WELFARE SOUTH ASIAN SUBSTITUTES TENANTS TRANSACTION TRANSACTION COSTS URBAN DEVELOPMENT VALUATION WAGE WORTH 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. 2012-06-06T19:08:42Z 2012-06-06T19:08:42Z 2007-08 http://documents.worldbank.org/curated/en/2007/08/8108816/determinants-consequences-land-sales-market-participation-panel-evidence-india http://hdl.handle.net/10986/7309 English Policy Research Working Paper; No. 4323 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 |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
ACCESS TO CREDIT ACCESS TO INFORMATION AGRARIAN REFORM AGRARIAN STRUCTURE ALM BANKS BEST USE BORROWING BUYER BUYERS CAPITAL MARKET COLLATERAL COMMODITY COMMUNITY DEVELOPMENT COMPETITIVENESS CONTRIBUTION CREDIT ACCESS DIVERSIFICATION DROUGHT DROUGHTS ECONOMIC DEVELOPMENT ECONOMIC EFFECTS ECONOMIES IN TRANSITION EMPLOYMENT EQUALIZATION EXPENDITURE EXPENDITURES FINANCIAL MARKET FINANCIAL MARKET DEVELOPMENT FINANCIAL SUPPORT HOUSEHOLD INCOME HOUSEHOLDS IMPERFECT CREDIT INCOME INCOME LEVELS INCOME SOURCES INCOMES INFLATION INHERITANCE INSURANCE LABOR MARKET LABOR MARKETS LAND PRICES LAND REFORM LAND SALES LAND SUPPLY LAND USE LAND VALUE LEGISLATION LIFETIME LIVING STANDARDS LOCAL GOVERNMENT LOW-INCOME MARKET ACCESS MARKET DEVELOPMENT MARKET LIBERALIZATION MARKET PARTICIPANTS MARKET RESTRICTIONS MIGRATION OTHER ASSETS POINTS PRESENT VALUE PROBABILITY PRODUCTIVITY PROFITABILITY PROPERTY RIGHTS PURCHASES PURCHASING REAL ESTATE RESOURCE ALLOCATION RISKY ASSETS SAFETY NET SAFETY NETS SAHEL SALARY SALE SALES SAVINGS SAVINGS INSTRUMENTS SELF EMPLOYMENT SELF-EMPLOYMENT SOCIAL WELFARE SOUTH ASIAN SUBSTITUTES TENANTS TRANSACTION TRANSACTION COSTS URBAN DEVELOPMENT VALUATION WAGE WORTH |
| spellingShingle |
ACCESS TO CREDIT ACCESS TO INFORMATION AGRARIAN REFORM AGRARIAN STRUCTURE ALM BANKS BEST USE BORROWING BUYER BUYERS CAPITAL MARKET COLLATERAL COMMODITY COMMUNITY DEVELOPMENT COMPETITIVENESS CONTRIBUTION CREDIT ACCESS DIVERSIFICATION DROUGHT DROUGHTS ECONOMIC DEVELOPMENT ECONOMIC EFFECTS ECONOMIES IN TRANSITION EMPLOYMENT EQUALIZATION EXPENDITURE EXPENDITURES FINANCIAL MARKET FINANCIAL MARKET DEVELOPMENT FINANCIAL SUPPORT HOUSEHOLD INCOME HOUSEHOLDS IMPERFECT CREDIT INCOME INCOME LEVELS INCOME SOURCES INCOMES INFLATION INHERITANCE INSURANCE LABOR MARKET LABOR MARKETS LAND PRICES LAND REFORM LAND SALES LAND SUPPLY LAND USE LAND VALUE LEGISLATION LIFETIME LIVING STANDARDS LOCAL GOVERNMENT LOW-INCOME MARKET ACCESS MARKET DEVELOPMENT MARKET LIBERALIZATION MARKET PARTICIPANTS MARKET RESTRICTIONS MIGRATION OTHER ASSETS POINTS PRESENT VALUE PROBABILITY PRODUCTIVITY PROFITABILITY PROPERTY RIGHTS PURCHASES PURCHASING REAL ESTATE RESOURCE ALLOCATION RISKY ASSETS SAFETY NET SAFETY NETS SAHEL SALARY SALE SALES SAVINGS SAVINGS INSTRUMENTS SELF EMPLOYMENT SELF-EMPLOYMENT SOCIAL WELFARE SOUTH ASIAN SUBSTITUTES TENANTS TRANSACTION TRANSACTION COSTS URBAN DEVELOPMENT VALUATION WAGE WORTH Deininger, Klaus Jin, Songqing Nagarajan, Hari K. Determinants and Consequences of Land Sales Market Participation : Panel Evidence from India |
| geographic_facet |
South Asia India |
| relation |
Policy Research Working Paper; No. 4323 |
| description |
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. |
| format |
Publications & Research :: Policy Research Working Paper |
| author |
Deininger, Klaus Jin, Songqing Nagarajan, Hari K. |
| author_facet |
Deininger, Klaus Jin, Songqing Nagarajan, Hari K. |
| author_sort |
Deininger, Klaus |
| title |
Determinants and Consequences of Land Sales Market Participation : Panel Evidence from India |
| title_short |
Determinants and Consequences of Land Sales Market Participation : Panel Evidence from India |
| title_full |
Determinants and Consequences of Land Sales Market Participation : Panel Evidence from India |
| title_fullStr |
Determinants and Consequences of Land Sales Market Participation : Panel Evidence from India |
| title_full_unstemmed |
Determinants and Consequences of Land Sales Market Participation : Panel Evidence from India |
| title_sort |
determinants and consequences of land sales market participation : panel evidence from india |
| publisher |
World Bank, Washington, DC |
| publishDate |
2012 |
| url |
http://documents.worldbank.org/curated/en/2007/08/8108816/determinants-consequences-land-sales-market-participation-panel-evidence-india http://hdl.handle.net/10986/7309 |
| _version_ |
1764402253905526784 |