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Effects of Land Misallocation on Capital Allocations in India
- Publication Year :
- 2015
- Publisher :
- World Bank, Washington, DC, 2015.
-
Abstract
- Growing research and policy interest focuses on the misallocation of output and factors of production in developing economies. This paper considers the possible misallocation of financial loans. Using plant-level data on the organized and unorganized sectors, the paper describes the temporal, geographic, and industry distributions of financial loans. The focus of the analysis is the hypothesis that land misallocation might be an important determinant of financial misallocation (for example, because of the role of land as collateral against loans). Using district-industry variations, the analysis finds evidence to support this hypothesis, although it does not find a total reduction in the intensity of financial loans or those being given to new entrants. The analysis also considers differences by gender of business owners and workers in firms. Although potential early gaps for businesses with substantial female employment have disappeared in the organized sector, a sizeable and persistent gap remains in the unorganized sector.
- Subjects :
- FINANCIAL SECTOR DEVELOPMENT
MICRO-CREDIT
INVESTMENT
PAYMENT
CO-OPERATIVE BANKS
INFRASTRUCTURE
INVENTORY
RISK PERCEPTION
ECONOMIC GROWTH
PERSONAL ASSETS
ENTREPRENEUR
EMPLOYMENT GROWTH
RURAL BANKS
OVERDRAFT
CREDIT POLICY
EXTERNAL FINANCING
FINANCING
OUTSTANDING LOAN
EMPLOYMENT
ACCESS TO BANKING
LAND ISSUES
ACCESS TO EXTERNAL FINANCE
LENDING
MACROECONOMICS
PRODUCTIVITY
RESOURCE ALLOCATION
GOVERNMENT POLICY
BANK LOAN
WOMEN
GOVERNMENTS
BUSINESS OWNERS
COLLATERAL
GUARANTEE
PRIVATE ENTERPRISES
REPOSSESSION
BANK
INFORMATION SHARING
LOANS
MICRO-FINANCE
FINANCIAL DEEPENING
LACK OF COLLATERAL
STRATEGIES
FINANCIAL MARKETS
INTEREST PAYMENT
BORROWER
HIGH INTEREST RATE
BORROWERS
INDUSTRY
MARKETS
FINANCE
CREDIT SUPPORT
ENTERPRISE DEVELOPMENT
ACCESS TO FORMAL FINANCE
ACCESS TO FORMAL CREDIT
SMALL BUSINESSES
FORMAL CREDIT
INTANGIBLE ASSETS
BANKING
FINANCIAL DEPTH
COLLATERAL SUPPORT
INTEREST EXPENSE
ENTERPRISES
LABOR MARKET
MARKET VALUE
ACCESS TO FINANCIAL SERVICES
MONETARY POLICY
HOUSEHOLD
RURAL BANK
SERVICES
SMALL BUSINESS
PRICING
DEBT
CREDIT RISK
COST OF CAPITAL
ASYMMETRIC INFORMATION
SMALL BUSINESS OWNERS
WORKING CAPITAL
INTEREST PAYMENTS
PAYMENTS
LOAN AMOUNTS
PROPERTY
FINANCIAL SERVICES
NET VALUE
INEQUALITY
CREDITS
TRADE CREDIT
PROFITABILITY
ECONOMIC DEVELOPMENT
ACCESS TO FINANCE
TANGIBLE ASSETS
FORM OF COLLATERAL
MICRO-FINANCE INSTITUTIONS
ENTREPRENEURS
FINANCIAL SECTOR LIBERALIZATION
LOAN AMOUNT
ECONOMIC ACTIVITY
COLLATERAL REQUIREMENTS
LAND MARKETS
DEBT COLLECTORS
EMPLOYEE
FIXED ASSETS
EXCLUSION
CAPITAL
CREDIT-WORTHINESS
PRIVATE ENTERPRISE
LENDERS
BUSINESS PLANS
MICRO-ENTREPRENEURS
START-UP
ACCOUNTING
LENDER
GREATER ACCESS
MICRO ENTERPRISES
SECURITY
VALUE
RISK
ENTERPRISE
BANK FINANCING
CREDIT INFORMATION
MONEY LENDERS
ECONOMETRICS
FINANCIAL INTEGRATION
VILLAGES
CREDITWORTHINESS
PRINCIPAL
ACCESS TO LOANS
FAMILY
GENDER INEQUALITY
FINANCIAL INSTITUTIONS
HUMAN CAPITAL
CREDIT BUREAUS
REVENUE
HOUSEHOLDS
EMPLOYEES
BANKING SERVICES
TAXES
EQUITY
BANKS
BANK LOANS
LAND
UNION
ECONOMIC POLICY
BORROWING
BANK BRANCHES
DISPARITIES IN ACCESS
LOAN
SIZES OF LOAN
CREDIT
ACCESS TO CREDIT
FINANCIAL ACCESS
LOAN DEMAND
BANK CREDIT
FINANCIAL DEVELOPMENT
INTERNATIONAL BANK
MICRO-ENTERPRISES
COMMERCIAL BANKS
NEW ENTRANTS
MICROFINANCE
ISSUE OF ACCESS
CREDIT REGISTRIES
LABOR
LABOR MARKETS
TRADE CREDITS
REAL ESTATE
HOUSING
ECONOMICS
FORMS OF CREDIT
EXTERNAL FINANCE
INTEREST
MARGINAL REVENUE
JOB CREATION
CORRUPTION
LOAN ACCESS
BIASES
CREDIT MARKETS
WATER SUPPLY
DIRECTED CREDIT
TRANSPORT
ENTREPRENEURSHIP
FINANCIAL SUPPORT
FORMAL FINANCE
RURAL BANK BRANCHES
RESERVE BANK OF INDIA
OUTREACH
FINANCIAL STRENGTH
OUTSTANDING LOANS
URBAN AREAS
INTEREST RATE
CREDIT MARKET
GENDER
Subjects
Details
- Language :
- English
- Database :
- OpenAIRE
- Accession number :
- edsair.od......2456..4bc671d967110beb723808add7750a4b