Friday, September 23
Tue
Aug
16

Land Ceiling Legislations, Land Acquisition and De-industrialisation – Theory and Evidence from the Indian States

Speakers:

Prabal Roy ChowdhuryIndian Statistical Institute, Delhi Centre

 
16
August,
2022
03:30 PM to 05:00 PM (IST)

 

Abstract: We examine the impact of legislated land ceiling size on capital investment and industrialisation in the Indian states. India’s land ceiling legislations of 1960s and 1970s imposed a ceiling on maximum land holdings and redistributed above-ceiling lands. These ceiling legislations, effectively implemented or not, had increased land fragmentation and increased transactions costs of acquiring land for both strategic and non-strategic reasons. States with smaller ceiling size are thus likely to have (i) lower capital investment; (ii) less factories and lower industrialisation too. Ceteris paribus, estimates of both relative (post-1971 ceiling legislations relative to pre-1971 ones) and aggregate effects of legislated ceiling size lend support to these hypotheses, after eliminating competing explanations. These results offer insights about how to reduce transactions costs of land acquisition, policies that we claim are also applicable beyond India.

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Date & Time

16-08-2022
03:30 PM
to 05:00 PM (IST)

Location

Venue

AM Khusro Room

Event Type

IEG Seminar

Event Category

Past event

Speaker(s)

Prabal Roy Chowdhury

Indian Statistical Institute, Delhi Centre