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

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In Pranab K. Bardhan (ed.), The Economic Theory of Agrarian Institutions. Oxford University Press UK (1989)
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Abstract

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.

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10.1093/0198287623.003.0009

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