Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/56976 
Year of Publication: 
2009
Series/Report no.: 
Working Paper No. 575
Publisher: 
Levy Economics Institute of Bard College, Annandale-on-Hudson, NY
Abstract: 
Utilizing a 2002 household-level World Bank Survey for rural Turkey, this paper explores the link between concentration of land ownership and rural factor markets. We construct a unique index that measures market malfunctioning based on the neoclassical model linking land and labor endowments through factor markets to household income. We further test whether land ownership concentration affects market malfunctioning. Our empirical investigation supports the claim that factor markets are structurally limited in reducing existing inequalities as a result of land ownership concentration. Our findings show that in the presence of land ownership inequality, malfunctioning rural factor markets result in increased land concentration, increased income inequality, and inefficient resource allocation. This work fills an important empirical gap within the development literature and establishes a positive association between asset inequality and factor market failure.
Subjects: 
market failure
land ownership
Turkey
JEL: 
Q12
Q13
Q15
Document Type: 
Working Paper

Files in This Item:
File
Size
378.46 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.