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01958cas a2200253 a 4500 |
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AALejournalIMF004866 |
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|c 5.00 USD
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|z 9781451866476
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|a 1018-5941
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|a BD-DhAAL
|c BD-DhAAL
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|a Vollrath, Dietrich.
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|a Land Distribution and Financial System Development /
|c Dietrich Vollrath, Lennart Erickson.
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| 264 |
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2007.
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| 300 |
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|a 1 online resource (30 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a 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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| 538 |
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|a Mode of access: Internet
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|a Erickson, Lennart.
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|a IMF Working Papers; Working Paper ;
|v No. 2007/083
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2007/083/001.2007.issue-083-en.xml
|z IMF e-Library
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