Template-Type: ReDIF-Paper 1.0
Author-Name:  Dietz Vollrath
Author-X-Name-First: Dietz
Author-X-Name-Last: Vollrath
Author-Workplace-Name: Department of Economics, University of Houston
Author-Email:devollrath@uh.edu
Title: Agrarian Structure and Endogenous Financial System Development
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.
Length:  41 pages
Creation-Date:  2008-12
File-URL: http://www.uh.edu/econpapers/RePEc/hou/wpaper/2008-02.pdf
File-Format: Application/pdf
Number: 2008-02
Classification-JEL:  E25, G18, N2, O4
Keywords: Land distribution, financial development, overlapping generations, financial institutions
Handle: RePEc:hou:wpaper:2008-02