Work

Agrarian Structure and Endogenous Financial System Development

Year: 2008

Type: report

Abstract: The development of the financial system is shown, both historically and in contemporary data, to be adversely affected by inequality in the distribution of land. To accommodate these empirical findings, a theory is developed that highlights the incentives of landowners to oppose competition in the financial sector. The theory provides an explanation for the co-incident development of the financial sector and overall economy.

Source: Munich Personal RePEc Archive (Ludwig Maximilian University of Munich)

Author: Dietrich Vollrath

Institution: University of Houston

Language: English

Topic: Economic Theory and Policy

Subfield: General Economics, Econometrics and Finance

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDG: Reduced inequalities

Open Access status: green

OpenAlex ID: W2167986423

Cites: 58

Cited by: 3

Related to: 10