Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5068626 | Explorations in Economic History | 2017 | 19 Pages |
Abstract
We study the impact of the Deccan Agriculturists' Relief Act (DARA), a key legislation to protect debtors that was enacted in western colonial India. Using a panel dataset and a difference-in-difference estimation, we find a substantial short-run decline in mortgage-backed credit after the passage of DARA. The contraction in credit did not reduce cropped area or agricultural investments in bullocks and carts, but may have led to less intensive cultivation.
Related Topics
Social Sciences and Humanities
Arts and Humanities
History
Authors
Latika Chaudhary, Anand V. Swamy,