Some Determinants of the Dynamics of Land Sale in the Third World Agriculture

The behaviour of peasant in third world countries is subject to various kinds of analysis (Strauss, 1986). However, the question whether the selling of land constitutes a dynamic aspect of their behaviour is debated by various authors. Sau (1981) and Dutt (1984) believe that land market is frozen in a typical third world country, like India. Bliss and Stern (1982), while admitting that land sales are unusual events, claim that they have very important effect on the time-series movements of land-ownership. Panikar's data (1970) and NCAER's survey (1972) support this.