Chapter

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

Avishay Braverman and Joseph E. Stiglitz

in The Economic Theory of Agrarian Institutions

Published in print December 1991 | ISBN: 9780198287629
Published online November 2003 | e-ISBN: 9780191595912 | DOI: http://dx.doi.org/10.1093/0198287623.003.0009

Series: Clarendon Paperbacks

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

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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

Chapter.  7213 words.  Illustrated.

Subjects: Economic Development and Growth

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