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Biblioteca Land Distribution and Financial System Development

Land Distribution and Financial System Development

Land Distribution and Financial System Development

Resource information

Date of publication
Setembro 2015
Resource Language
ISBN / Resource ID
OSF_preprint:46053-3E4-A98

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. Financial systems;Financial institutions;Land tenure;Land distribution;Land Inequality, Financial Development, gini coefficient, financial system, financial sector, dependent variable, Aggregate Factor Income Distribution, General Financial Markets: Government Policy and Regulation,

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Authors and Publishers

Author(s), editor(s), contributor(s)

Lennart Erickson
Dietrich Vollrath

Data Provider
Geographical focus