Land Reforms, Poverty Reduction, and Economic Growth: Evidence from India
World Bank - Development Economics Group (DEC); World Bank - Development Research Group (DECRG)
Michigan State University; World Bank
Hari K. Nagarajan
National Council of Applied Economic Research (NCAER)
December 1, 2007
World Bank Policy Research Working Paper No. 4448
Recognition of the importance of institutions that provide security of property rights and relatively equal access to economic resources to a broad cross-section of society has renewed interest in the potential of asset redistribution, including land reforms. Empirical analysis of the impact of such policies is, however, scant and often contradictory. This paper uses panel household data from India, together with state-level variation in the implementation of land reform, to address some of the deficiencies of earlier studies. The results suggest that land reform had a significant and positive impact on income growth and accumulation of human and physical capital. The paper draws policy implications, especially from the fact that the observed impact of land reform seems to have declined over time.
Number of Pages in PDF File: 30
Keywords: Rural Poverty Reduction, Political Economy, Rural Development Knowledge & Information Systems, Municipal Housing and Land, Rural Land Policies for Poverty Reduction
Date posted: December 21, 2007
© 2015 Social Science Electronic Publishing, Inc. All Rights Reserved.
This page was processed by apollo1 in 0.360 seconds