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

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

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

2007

Jin, Songqing | Deininger, Klaus | 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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AGROVOC Keywords

access to information agrarian reform agrarian structure banks capital market community development diversification drought economic development employment expenditure financial market household income households income inflation insurance land reform land use legislation living standards local government market access market liberalization migration points productivity profitability property rights purchasing real estate resource allocation sahel sales savings social welfare tenants transaction costs urban development valuation

Bibliographic information

Publisher

World Bank, Washington, DC

Other Subjects

Market development; Droughts; Low-income; Borrowing; Best use; Buyer; Financial support; Credit access; Economic effects; Salary; Access to credit; Commodity; Worth; Equalization; Safety nets; Other assets; South asian; Market participants; Present value; Wage; Safety net; Financial market development; Lifetime; Income sources; Alm; Sale; Buyers; Transaction; Contribution; Substitutes; Collateral; Self employment; Land prices; Income levels; Labor markets; Land value; Imperfect credit; Incomes; Labor market; Probability; Expenditures; Purchases; Savings instruments; Self-employment; Land supply; Inheritance; Competitiveness; Land sales; Economies in transition; Risky assets; Market restrictions

Language

English

Format

application/pdf, text/plain

License

CC BY 3.0 IGO, http://creativecommons.org/licenses/by/3.0/igo/, World Bank

In AGRIS since: 2024-10-18

Modification date: 2025-04-17

Format: Dublin Core

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