The Misallocation of Land and Other Factors of Production in India

Duranton, Gilles; Ghani, Ejaz; Goswami, Arti Grover; Kerr, William

The Misallocation of Land and Other Factors of Production in India

2015

Duranton, Gilles | Ghani, Ejaz | Goswami, Arti Grover | Kerr, William

This paper quantifies the misallocation of manufacturing output and factors of production between establishments across Indian districts during 1989-2010. It first distills a number of stylized facts about misallocation in India, and demonstrates the validity of misallocation metrics by connecting them to regulatory changes in India that affected real property. With this background, the study next quantifies the implications and determinants of factor and output misallocation. Although more-productive establishments in India tend to produce more output, factors of production are grossly misallocated. A better allocation of output and factors of production is associated with greater output per worker. Misallocation of land plays a particularly important role in these challenges.

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accounting assets bank loans banking buildings capital cities construction consumers credit development distribution econometrics economic analysis economic geography economic growth economic policies economics effects efficiency elasticity employment energy consumption equity extreme poverty finance financial institutions housing incentives income information inputs insurance labor labour land land reform land transactions land use law macroeconomics management markets measurement organizations policies politics prices production production functions productivity property property rights real estate rent rural areas slums supply taxation taxes trade trends urban areas urban development urban land urban population valuation value added villages welfare zoning

Información bibliográfica

Editorial

World Bank Group, Washington, DC

Otras materias

Repair; Economic theory; Urban_land; Political economy; Gdp per capita; Apartment; Household; Labor productivity; Land transfer; Allocative efficiency; Land use regulations; Capital use; Functional forms; Transfers; Rents; Productivity growth; Land market; Real estate markets; Land supply; Wealth; Production function; Total output; Constant returns to scale; Total factor productivity; Regression analyses; Outcomes; Flexible functional forms; Influence; Theory; Landlord; Value; Benchmark; Capital markets; Returns to scale; Deregulation; Outputs; Development policy; Private developers; Property right; Financial sector; Housing market; Urban infrastructure; Land development; Increasing returns; Inefficiency; Fixed inputs; Financial markets; Rent controls; Governments; Building; Gdp; Energy usage; Labor regulations; Rights; Variables; Borrowing; Gross value; Economic performance

Idioma

Inglés

Formato

application/pdf

Licencia

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

Tipo

Working Paper; Work; Working Paper

En AGRIS desde: 2024-10-18

Fecha de modificación: 2025-10-25

Formato: Dublin Core

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Este registro bibliográfico ha sido proporcionado por World Bank

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Enlaces

DOI https://hdl.handle.net/10986/21660

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The Misallocation of Land and Other Factors of Production in India

2015

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Información bibliográfica