Factor markets and resource allocation in colonial Punjab
用计量模型检验殖民时期印度旁遮普农业要素市场的不完善程度，发现资源错配在统计上显著但经济影响很小。
It is often argued that agricultural factor markets in colonial India were underdeveloped, leading to inefficient resource use and slow agricultural development. However, there is little econometric evidence on these issues. This article outlines a model which incorporates the factor market imperfections discussed in the literature and tests the model against data from the Punjab. There is, in the statistical sense, evidence of resource misallocation; however, these effects are too small to be of much economic significance.