Protecting the borrower: An experiment in colonial India
Loading...
Authors
Chaudhary, Latika
Swamy, Anand V.
Subjects
India||Credit markets||Regulation||Agriculture
Advisors
Date of Issue
2017
Date
Publisher
Elsevier
Language
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.
Type
Article
Description
The article of record as published may be found at http://dx.doi.org/10.1016/j.eeh.2016.07.004
Series/Report No
Department
Organization
Identifiers
NPS Report Number
Sponsors
Funder
Format
19 p.
Citation
Chaudhary, Latika, and Anand V. Swamy. "Protecting the borrower: An experiment in colonial India." Explorations in Economic History 65 (2017): 36-54.
Distribution Statement
Rights
This publication is a work of the U.S. Government as defined in Title 17, United States Code, Section 101. Copyright protection is not available for this work in the United States.