IDEAS home Printed from https://ideas.repec.org/p/wil/wileco/2018-07.html
   My bibliography  Save this paper

A Policy of Credit Disruption: The Punjab Land Alienation Act of 1900

Author

Abstract

If land is titled and transferable, it can be used as collateral against which money can be borrowed. The resulting increase in access to credit is usually expected to foster economic growth. We study a policy in colonial India that made land less available as collateral for debt. Using a panel dataset for Punjab districts from 1890 to 1910, we find that this reduced the availability of mortgage-backed credit, but did not hurt proxies for economic development such as acreage and cattle, at least in the short run.

Suggested Citation

  • Latika Chaudhary & Anand V. Swamy, 2018. "A Policy of Credit Disruption: The Punjab Land Alienation Act of 1900," Department of Economics Working Papers 2018-07, Department of Economics, Williams College.
  • Handle: RePEc:wil:wileco:2018-07
    as

    Download full text from publisher

    File URL: https://web.williams.edu/Economics/wp/ChaudharySwamy_CreditDisruption.pdf
    File Function: Full text
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Shawn Cole, 2009. "Fixing Market Failures or Fixing Elections? Agricultural Credit in India," American Economic Journal: Applied Economics, American Economic Association, vol. 1(1), pages 219-250, January.
    2. Klaus Deininger, 2003. "Land Policies for Growth and Poverty Reduction," World Bank Publications - Books, The World Bank Group, number 15125.
    3. Guilhem Cassan, 2015. "Identity-Based Policies and Identity Manipulation: Evidence from Colonial Punjab," American Economic Journal: Economic Policy, American Economic Association, vol. 7(4), pages 103-131, November.
    4. Norman G. Barrier, 1965. "The Formulation and Enactment of the Punjab Alienation of Land Bill," The Indian Economic & Social History Review, , vol. 2(2), pages 145-165, April.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Chaudhary, Latika & Swamy, Anand V., 2017. "Protecting the borrower: An experiment in colonial India," Explorations in Economic History, Elsevier, vol. 65(C), pages 36-54.
    2. Gutiérrez-Romero, Roxana & Ahamed, Mostak, 2021. "COVID-19 response needs to broaden financial inclusion to curb the rise in poverty," World Development, Elsevier, vol. 138(C).
    3. Rabah Arezki & Klaus Deininger & Harris Selod, 2015. "What Drives the Global "Land Rush"?," The World Bank Economic Review, World Bank, vol. 29(2), pages 207-233.
    4. Grimm, Michael & Klasen, Stephan, 2007. "Geography vs. Institutions at the Village Level," Proceedings of the German Development Economics Conference, Göttingen 2007 9, Verein für Socialpolitik, Research Committee Development Economics.
    5. Foley-Fisher, Nathan & McLaughlin, Eoin, 2016. "Capitalising on the Irish land question: land reform and state banking in Ireland, 1891–1938," Financial History Review, Cambridge University Press, vol. 23(1), pages 71-109, April.
    6. Lenyeletse V. Basupi & Claire H. Quinn & Andrew J. Dougill, 2017. "Pastoralism and Land Tenure Transformation in Sub-Saharan Africa: Conflicting Policies and Priorities in Ngamiland, Botswana," Land, MDPI, vol. 6(4), pages 1-17, December.
    7. Francesco Quatraro & Marco Vivarelli, 2015. "Drivers of Entrepreneurship and Post-entry Performance of Newborn Firms in Developing Countries," The World Bank Research Observer, World Bank, vol. 30(2), pages 277-305.
    8. Thushyanthan Baskaran & Sonia Bhalotra & Brian Min & Yogesh Uppal, 2024. "Women legislators and economic performance," Journal of Economic Growth, Springer, vol. 29(2), pages 151-214, June.
    9. Thomas Vendryes, 2014. "Peasants Against Private Property Rights: A Review Of The Literature," Journal of Economic Surveys, Wiley Blackwell, vol. 28(5), pages 971-995, December.
    10. Singh, Nirvikar, 2018. "Financial Inclusion: Concepts, Issues and Policies for India," MPRA Paper 91047, University Library of Munich, Germany.
    11. Leakey, Roger & Kranjac-Berisavljevic, Gordana & Caron, Patrick & Craufurd, Peter & Martin, Adrienne M. & McDonald, Andy & Abedini, Walter & Afiff, Suraya & Bakurin, Ndey & Bass, Steve & Hilbeck, Ange, 2009. "Impacts of AKST on development and sustainability goals," Book Chapters,, International Water Management Institute.
    12. Bouquet, Emmanuelle, 2009. "State-Led Land Reform and Local Institutional Change: Land Titles, Land Markets and Tenure Security in Mexican Communities," World Development, Elsevier, vol. 37(8), pages 1390-1399, August.
    13. Bravo-Ortega, Claudio & Lederman, Daniel, 2005. "Agriculture and national welfare around the world: causality and international heterogeneity since 1960," Policy Research Working Paper Series 3499, The World Bank.
    14. Elias Danyi Kuusaana & Nicolas Gerber, 2015. "Institutional Synergies in Customary Land Markets—Selected Case Studies of Large-Scale Land Acquisitions (LSLAs) in Ghana," Land, MDPI, vol. 4(3), pages 1-27, September.
    15. Pierre Andre & Sandrine Mesplé-Somps, 2010. "Politics and the geographic allocation of public funds in a semi-democracy. The case of Ghana, 1996 - 2004," Working Papers halshs-00962698, HAL.
    16. T. K. Dennison & Sheilagh Ogilvie, 2007. "Serfdom and social capital in Bohemia and Russia1," Economic History Review, Economic History Society, vol. 60(3), pages 513-544, August.
    17. Doan, Anh-Tuan & Lin, Kun-Li & Doong, Shuh-Chyi, 2020. "State-controlled banks and income smoothing. Do politics matter?," The North American Journal of Economics and Finance, Elsevier, vol. 51(C).
    18. Santos, Florence & Fletschner, Diana & Savath, Vivien & Peterman, Amber, 2014. "Can Government-Allocated Land Contribute to Food Security? Intrahousehold Analysis of West Bengal’s Microplot Allocation Program," World Development, Elsevier, vol. 64(C), pages 860-872.
    19. Susanne Väth & Michael Kirk, 2014. "Do property rights and contract farming matter for rural development? Evidence from a large-scale investment in Ghana," MAGKS Papers on Economics 201416, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung).
    20. Wadhwa, Kavita & Syamala, Sudhakara Reddy, 2023. "Are business groups different from other family firms? Evidence from corporate investments during political uncertainty," Emerging Markets Review, Elsevier, vol. 54(C).

    More about this item

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wil:wileco:2018-07. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Greg Phelan (email available below). General contact details of provider: https://edirc.repec.org/data/edwilus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.