Functional Distribution, Land Ownership and Industrial Takeoff

Functional Distribution, Land Ownership and Industrial Takeoff: The Role of Effective Demand

This paper analyses how the distribution of land property rights affects industrial takeoff and aggregate income through the demand side. We study a stylized economy composed of two sectors, agriculture and manufacturing. The former produces a single subsistence good while the latter is constituted of a continuum of markets producing distinct commodities. Following Murphy et al. [20] we model i...

Free Land and Black Property Ownership

Oligarchic Land Ownership, Entrepreneurship, and Economic Development

This paper develops a theory in which oligarchic ownership of land or other natural resources impedes entrepreneurship in the manufacturing sector and thereby retards structural change and economic development. We show that, due to oligopsony power of owners in the agricultural labor market, higher ownership concentration is harmful for start-ups by landless, credit-constrained households, whos...

ownership and restrictions on land use

land use is a legal - economic term for how land operation. land use in urban regions have been identified in urban master plan or design hadi (guide plan) and outside the legal boundaries of cities and towns as well as protect the land use or possible changes in land is under the ministry of agriculture. in some cases legal experts have different opinions about the land use. one of them is the...

Land Ownership Inequality and the Income Distribution Consequences of Economic Growth