UID:
edocfu_9958072893702883
Format:
1 online resource (32 p.)
ISBN:
1-4623-2960-8
,
1-4527-6929-X
,
1-283-31799-0
,
9786613823519
,
1-4519-1100-9
Series Statement:
IMF working paper ; WP/07/83
Content:
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.
Note:
"April 2007."
,
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
,
English
Additional Edition:
ISBN 1-4518-6647-X
Language:
English
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