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Access to Capital, Agrarian Classes, and Resources Allocation: The Punjab
Working paper
Anand Swamy
February 1994 |
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| How is production organized in poor agrarain economies? Do different forms of organization lead to different patterns of resource use? These questions have been discussed at great lenght in many different contexts, ranging from turm pf the century Russia to colonial India. In recent work Mukesh Eswaran and Ashok Kotwal at the University of British Columbia have presented the following simple and intuitively appealing argument. Production organization and resource use are determined by the interaction of two factors: Differences (by wealth status) in access to capital and the extent of difficulty in monitoring hired labor. Thus far there has been little empirical application of this model. |
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| Last updated on: 12/19/2006 |
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