The effects of land sales restrictions: evidence from south India
利用南印度两个村庄的数据，研究了土地销售限制对信贷使用、土地投资和耕作决策的影响，发现销售限制对信贷和投资影响不大，但可能通过交易效应抑制配置效率。
The effects of land sales restrictions on credit use, land investment and cultivation decisions are investigated using data from two villages in south India. Sales restrictions are found to have little effect on credit supply and demand or demand for land improvements. Some household characteristics are found to affect investment demand on plots subject to sales restrictions in one village, suggesting that the 'transactions effect' of such restrictions may be inhibiting allocative efficiency. However, we also find that household characteristics influence investment on titled plots, and that the magnitude of impact of such characteristics is greater on titled plots. These results imply that sales restrictions are not a major source of inefficiency in the villages studied, and suggest that the nature of village credit and land markets and enforcement of sales restrictions are critical determinants of the impacts of such restrictions. ©1999 Elsevier Science B.V. All rights reserved.