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The Resource Land distribution and financial system development, prepared by Dietrich Vollrath and Lennart Erickson

Land distribution and financial system development, prepared by Dietrich Vollrath and Lennart Erickson

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Author
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Summary
Research on credit markets from developing economies, as well as work on the origin of institutions in general, has suggested that land inequality may play a role in determining financial development. In this paper we establish empirically that initial land inequality is a significant predictor of financial depth across countries, even while controlling for other predictors such as legal origin, ethnic fractionalization, and income inequality. To examine this relationship we have created a new measure of land distribution within countries that builds upon the work of Deininger and Squire (1998) by explicitly accounting for landlessness. In addition to being a significant predictor of financial development, land inequality is found to be uncorrelated with other fundamental characteristics of economies, suggesting its possible use in a wider range of research
Language
eng
Work
Publication
Extent
1 online resource (30 pages)
Contents
  • I. Introduction; II. Measuring Land Inequality; A. The Extent of Landholdings; B. The Modified Gini Coefficient; III. Land Inequality and Financial Development; A. Financial Depth and Land Inequality; B. Financial System Efficiency and Land Inequality; C. Income Inequality; D. Endogeneity of Land Inequality; IV. Conclusion; Appendix. Data Description; Figures; 1. Landholding Gini Coefficient vs. Holdings per EAAp; 2. Gini Coefficient, Not Including Landless; 3. Gini Coefficient, Including Landless; 4. DS Landholding Gini Coefficient vs. Overall Land Inequality Gini; Tables
  • 1. Comparison of Actual Holdings to Different Measures of Potential Holdings2. Decadal Means of Holdings per EAAP, by Region, 1960; 3. Summary Statistics; 4. Results for Liquid Liabilities; 5. Results for Bank Claims on Private Sector; 6. Results for All Financial Claims on Private Sector; 7. Results for Net Interest Margin; 8. Results for Overhead Costs; 9. Land Inequality vs. Income Inequality; References
Isbn
9781283317993
Instance
Label
Land distribution and financial system development
Title
Land distribution and financial system development
Statement of responsibility
prepared by Dietrich Vollrath and Lennart Erickson
Creator
Contributor
Author
Subject
Genre
Language
eng
Summary
Research on credit markets from developing economies, as well as work on the origin of institutions in general, has suggested that land inequality may play a role in determining financial development. In this paper we establish empirically that initial land inequality is a significant predictor of financial depth across countries, even while controlling for other predictors such as legal origin, ethnic fractionalization, and income inequality. To examine this relationship we have created a new measure of land distribution within countries that builds upon the work of Deininger and Squire (1998) by explicitly accounting for landlessness. In addition to being a significant predictor of financial development, land inequality is found to be uncorrelated with other fundamental characteristics of economies, suggesting its possible use in a wider range of research
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Action
digitized
Cataloging source
OCLCE
http://bibfra.me/vocab/lite/collectionName
IMF eLibrary
http://library.link/vocab/creatorName
Vollrath, Dietrich
Illustrations
illustrations
Index
no index present
LC call number
HG3810
LC item number
.I44 v.2007, no.83 ONLINE
Literary form
non fiction
Nature of contents
  • dictionaries
  • bibliography
http://library.link/vocab/relatedWorkOrContributorName
  • Erickson, Lennart
  • IMF Institute
Series statement
IMF Working Paper,
Series volume
WP/07/83
http://library.link/vocab/subjectName
  • Economic policy
  • Land reform
  • Economic policy
  • Land reform
Label
Land distribution and financial system development, prepared by Dietrich Vollrath and Lennart Erickson
Instantiates
Publication
Copyright
Antecedent source
file reproduced from original
Bibliography note
Includes bibliographical references (pages 28-30)
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Color
black and white
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
  • I. Introduction; II. Measuring Land Inequality; A. The Extent of Landholdings; B. The Modified Gini Coefficient; III. Land Inequality and Financial Development; A. Financial Depth and Land Inequality; B. Financial System Efficiency and Land Inequality; C. Income Inequality; D. Endogeneity of Land Inequality; IV. Conclusion; Appendix. Data Description; Figures; 1. Landholding Gini Coefficient vs. Holdings per EAAp; 2. Gini Coefficient, Not Including Landless; 3. Gini Coefficient, Including Landless; 4. DS Landholding Gini Coefficient vs. Overall Land Inequality Gini; Tables
  • 1. Comparison of Actual Holdings to Different Measures of Potential Holdings2. Decadal Means of Holdings per EAAP, by Region, 1960; 3. Summary Statistics; 4. Results for Liquid Liabilities; 5. Results for Bank Claims on Private Sector; 6. Results for All Financial Claims on Private Sector; 7. Results for Net Interest Margin; 8. Results for Overhead Costs; 9. Land Inequality vs. Income Inequality; References
Control code
646970847
Dimensions
unknown
Extent
1 online resource (30 pages)
Form of item
online
Isbn
9781283317993
Issn
2227-8885
Level of compression
  • lossless
  • lossy
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other control number
10.5089/9781451911008.001
Other physical details
illustrations
Reformatting quality
  • preservation
  • access
Reproduction note
Electronic reproduction.
Specific material designation
remote
System control number
(OCoLC)646970847
System details
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002.
Label
Land distribution and financial system development, prepared by Dietrich Vollrath and Lennart Erickson
Publication
Copyright
Antecedent source
file reproduced from original
Bibliography note
Includes bibliographical references (pages 28-30)
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Color
black and white
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
  • I. Introduction; II. Measuring Land Inequality; A. The Extent of Landholdings; B. The Modified Gini Coefficient; III. Land Inequality and Financial Development; A. Financial Depth and Land Inequality; B. Financial System Efficiency and Land Inequality; C. Income Inequality; D. Endogeneity of Land Inequality; IV. Conclusion; Appendix. Data Description; Figures; 1. Landholding Gini Coefficient vs. Holdings per EAAp; 2. Gini Coefficient, Not Including Landless; 3. Gini Coefficient, Including Landless; 4. DS Landholding Gini Coefficient vs. Overall Land Inequality Gini; Tables
  • 1. Comparison of Actual Holdings to Different Measures of Potential Holdings2. Decadal Means of Holdings per EAAP, by Region, 1960; 3. Summary Statistics; 4. Results for Liquid Liabilities; 5. Results for Bank Claims on Private Sector; 6. Results for All Financial Claims on Private Sector; 7. Results for Net Interest Margin; 8. Results for Overhead Costs; 9. Land Inequality vs. Income Inequality; References
Control code
646970847
Dimensions
unknown
Extent
1 online resource (30 pages)
Form of item
online
Isbn
9781283317993
Issn
2227-8885
Level of compression
  • lossless
  • lossy
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other control number
10.5089/9781451911008.001
Other physical details
illustrations
Reformatting quality
  • preservation
  • access
Reproduction note
Electronic reproduction.
Specific material designation
remote
System control number
(OCoLC)646970847
System details
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002.

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