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The Economic Theory of Agrarian Institutions$
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Pranab Bardhan

Print publication date: 1991

Print ISBN-13: 9780198287629

Published to Oxford Scholarship Online: November 2003

DOI: 10.1093/0198287623.001.0001

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Credit Rationing, Tenancy, Productivity, and the Dynamics of Inequality

Credit Rationing, Tenancy, Productivity, and the Dynamics of Inequality

Chapter:
(p.185) 9. Credit Rationing, Tenancy, Productivity, and the Dynamics of Inequality
Source:
The Economic Theory of Agrarian Institutions
Author(s):

Avishay Braverman

Joseph E. Stiglitz (Contributor Webpage)

Publisher:
Oxford University Press
DOI:10.1093/0198287623.003.0009

This chapter shows that when there is credit rationing some technological innovations may increase inequality, and that the latter in turn may have adverse effects on long‐run productivity.

Keywords:   credit rationing, inequality, innovation, land reform, land valuation, productivity

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