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Besley & Burgess (2000) Asset Redistribution (ii) abolition of intermediaries (iii) ceilings on land holdings (iv) consolidation of land holdings The paper uses legislative data (widely used in U.S. state level data). Land reforms were enacted in the name of reducing poverty – real impact on the conditions of the poor, however, may be muted by unenthusiastic implementation (Bardhan, 1970). Main contribution of the paper is to provide a broad based assessment of land reform experience in post-independence India. Method We use data from NSS rounds. The empirical approach is to run panel data regressions of the form: x st = α s + β t + γ y st + ψ l st 4 + ε st where x st is some measure of poverty in state s at time t , α s is a state fixed effect, β t is a year dummy variable, y st is a vector of variables that
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Unformatted text preview: we treat as exogenous (detailed below), l st − 4 is the stock of past land re-forms four periods previously and st is an error term which we model as AR(1) process where the degree of auto-correlation is state-speciFc, i.e., st = ρ s st − 1 + u st . Estimation via generalized least squares will also allow for a heteroskedas-ticity in error structure, with each state having its own error variance. We use three different poverty measures: (1) headcount measure, (2) poverty gap measure, (3) difference between rural and urban poverty Econometric Concerns: l st is endogenous and/or measured with error l st is proxying for other omitted policies Development Economics, LSE Summer School 2007 97...
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