Download or read book The Effects of Land Registration on Financial Development and Economic Growth written by Frank F. K. Byamugisha and published by World Bank Publications. This book was released on 1999 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt: A theoretical framework to guide empirical analysis of how land registration affects financial development and economic growth.
Download or read book The Effects of Land Registration on Financial Development and Economic Growth written by Frank F.K. Byamugisha and published by . This book was released on 2016 with total page 17 pages. Available in PDF, EPUB and Kindle. Book excerpt: A theoretical framework to guide empirical analysis of how land registration affects financial development and economic growth.The author develops a theoretical framework to guide empirical analysis of how land registration affects financial development and economic growth.Most conceptual approaches investigate the effects of land registration on only one sector, nut land registration is commonly observed to affect not only other sectors but the economy as a whole.The author builds on the well-tested link between secure land ownership and farm productivity, adding to the framework theory about positive information and transaction costs. To map the relationship between land registration and financial development and economic growth, the framework links:-Land tenure security and investment incentives.-Land title, collateral, and credit.-Land markets, transactions, and efficiency.-Labor mobility and efficiency.-Land liquidity, deposit mobilization, and investment.Empirical results from applying the framework to a single case study - of Thailand, described in a separate paper - suggest that the framework is sound.This paper - a product of the Rural Development and Natural Resources Sector Unit, East Asia and Pacific Region - is part of a larger effort in the region to increase the effectiveness of country assistance strategies in the area of property rights and economic development.
Download or read book How Land Registration Affects Financial Development and Economic Growth in Thailand written by Frank F. K. Byamugisha and published by World Bank Publications. This book was released on 1999 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: Land registration in Thailand has significant positive long-run effects on financial development and economic growth.
Download or read book How Land Registration Affects Financial Development and Economic Growth in Thailand written by Frank F.K. Byamugisha and published by . This book was released on 2016 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: Land registration in Thailand has significant positive long-run effects on financial development and economic growth.Using an economywide conceptual framework, the author analyzes how land registration affects financial development and economic growth in Thailand.He uses contemporary techniques, such as error correction and co-integration, to deal with such problems as time-series data not being stationary. He also uses the auto-regressive distributed lag model to analyze long lags in output response to changes in land registration.His key findings:-Land titling has significant positive long-run effects on financial development.-Economic growth responds to land titling following a J curve, by first registering a fall and recovering gradually, thereafter to post a long, strong rally.-The quality of land registration services, as measured by public spending on land registration, has strongly positive and significant long-run effects on economic growth.This paper - a product of the Rural Development and Natural Resources Sector Unit, East Asia and Pacific Region - is part of a larger effort in the region to increase the effectiveness of country assistance strategies in the area of property rights and economic development. The author may be contacted at [email protected].
Download or read book Financial Stability Economic Growth and the Role of Law written by Douglas W. Arner and published by Cambridge University Press. This book was released on 2007-06-04 with total page 331 pages. Available in PDF, EPUB and Kindle. Book excerpt: Financial crises have become an all too common occurrence over the past twenty years, largely as a result of changes in finance brought about by increasing internationalization and integration. As domestic financial systems and economies have become more interlinked, weaknesses can significantly impact not only individual economies but also markets, financial intermediaries, and economies around the world. This volume addresses the twin objectives of financial development in the context of financial stability and the role of law in supporting both. Financial stability (frequently seen as the avoidance of financial crisis) has become an objective of both the international financial architecture and individual economies and central banks. At the same time, financial development is now seen to play an important role in economic growth. In both financial stability and financial development, law and related institutions have a central role.
Download or read book Land and Loyalty written by Tomas Larsson and published by Cornell University Press. This book was released on 2012-06-01 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: Domestic and international development strategies often focus on private ownership as a crucial anchor for long-term investment; the security of property rights provides a foundation for capitalist expansion. In recent years, Thailand's policies have been hailed as a prime example of how granting formal land rights to poor farmers in low-income countries can result in economic benefits. But the country provides a puzzle: Thailand faced major security threats from colonial powers in the nineteenth century and from communism in the twentieth century, yet only in the latter case did the government respond with pro-development tactics. In Land and Loyalty, Tomas Larsson argues that institutional underdevelopment may prove, under certain circumstances, a strategic advantage rather than a weakness and that external threats play an important role in shaping the development of property regimes. Security concerns, he find, often guide economic policy. The domestic legacies, legal and socioeconomic, resulting from state responses to the outside world shape and limit the strategies available to politicians. While Larsson's extensive archival research findings are drawn from Thai sources, he situates the experiences of Thailand in comparative perspective by contrasting them with the trajectory of property rights in Japan, Burma, and the Philippines.
Download or read book Property rights after market liberalization reforms written by Ricardo Fort and published by BRILL. This book was released on 2023-08-28 with total page 113 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This book discusses the links between land access, property rights, and economic development, analyzing the results and limitations of a public intervention- Land Titling and Registration- that constitutes one of the main instruments for contemporary land policy in Peru. It attempts to provide a comprehensive analysis and discussion of the importance of institutions, like land property rights, in the context of market liberalization reforms. In operational terms, this means verifying whether land titling constitutes a necessary and/or sufficient condition to promote investments and increase land values. This book reveals that titling and registration can be considered as a necessary condition to improve investment opportunities when its implementation procedure is based on the recognition of previous informal land rights and community networks, because its effect on the reduction of transaction costs at a regional level improves the dynamics of land markets and facilitates the entrance of formal financial institutions. A decentralized program is more likely to understand and correctly assess local conditions, as well as to concentrate its work on poorer farmers confronting stronger limitations to acquire tenure security by other means. Targeting must be applied also at the regional level, identifying less-developed areas that can benefit from the externality effects provided by increased levels of titling density. The presence of other limitations that constrain the participation of small farmers in the formal credit market, and the inability of titling to solve them by itself, makes it difficult to consider this policy as a sufficient condition to improve the livelihood of poorer farmers. Complementary policies that provide small farmers with the opportunity to increase their land-holdings, as well as the possibility to acquire insurance against negative shocks, need urgent implementation."
Download or read book The Political Economy of Distress in East Asian Financial Institutions written by Paola Bongini and published by World Bank Publications. This book was released on 2000 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: "In the East Asian crisis, "connections" - with industrial groups or influential families - increased the probability of distress for financial institutions. Connections also made closure more, not less, likely, suggesting that the closure processes themselves were transparent. But larger institutions, although more likely to be distressed, were less likely to be closed, suggesting a "too big to fail" policy"--Cover.
Download or read book Land Law Reform written by and published by World Bank Publications. This book was released on 2006-01-01 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Land Law Reform examines the wide-spread efforts to reform land law in developing countries and countries in transition, drawing in particular upon the experience of the World Bank and the Rural Development Institute. The book considers the role of land law reform in the development process and analyzes how the World Bank has sought to support these legal changes in client countries. It reviews the experience with reform of laws affecting land access and rights in achieving gender equity, identifies opportunities for reinforcing environmentally sustainable development through land law reform, and examines from both growth and poverty alleviation perspectives the effectiveness of reforms to formalize property rights and liberalize land markets. The concluding chapter recommends some basic priorities for land law reforms. John W. Bruce is a senior counsel in the Legal Vice-Presidency of the World Bank, and a former director of the Land Tenure Center of the University of Wisconsin-Madison. He has published extensively on land law and land policy in developing countries. Renee Giovarelli, David Bledsoe, Leonard Rolfes, and Robert Mitchell are staff attorneys with the Rural Development Institute of Seattle, Washington, a nonprofit organization that promotes and advises on land-related policy and legal reform in developing and transition countries. All have done fieldwork and advised extensively on land law reform and have published widely on this topic."
Download or read book Commercial Law in East Asia written by Roman Tomasic and published by Routledge. This book was released on 2017-07-05 with total page 608 pages. Available in PDF, EPUB and Kindle. Book excerpt: The shift of economic gravity towards East Asia requires a critical examination of law's role in the Asian Century. This volume explores the diverse scholarly perspectives on law's role in the economic rise of East Asia and moves from general debates, such as whether law enjoys primacy over culture, state intervention or free markets in East Asian capitalism, to specific case studies looking at the nature of law in East Asian negotiations, contracts, trade policy and corporate governance. The collection of articles exposes the clefts and cleavages in the scholarly literature explaining law's form, function and future in the Asian Century.
Download or read book Financial Development and Economic Growth written by Mr.Pablo Emilio Guidotti and published by International Monetary Fund. This book was released on 1992-12-01 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the empirical relationship between long–run growth and the degree of financial development, proxied by the ratio of bank credit to the private sector as a fraction of GDP. We find that this proxy enters significantly and with a positive sign in growth regressions on a large cross–country sample, but with a negative sign using panel data for Latin America. Our findings suggest that the main channel of transmission from financial development to growth is the efficiency of investment, rather than its volume. We also present a model where the negative correlation between financial intermediation and growth results from financial liberalization in a poor regulatory environment.
Download or read book Modern Studies in Property Law Volume 2 written by Elizabeth Cooke and published by Bloomsbury Publishing. This book was released on 2003-05-14 with total page 440 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Modern Studies in Property Law series is a collection of the papers given at the biennial conferences of the Centre for Property Law at the University of Reading. Volume II contains the proceedings from the conference in 2002,and includes a wide range of papers from both English and international speakers, covering many of the most topical issues within the law of property.
Download or read book Revenue Recycling and the Welfare Effects of Road Pricing written by Ian Parry and published by World Bank Publications. This book was released on 1999 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The presence of preexisting tax distortions, and the form of revenue recycling, can crucially affect the size -- and possibly even the sign -- of the welfare effect of road pricing schemes. The efficiency gains from recycling congestion tax revenues in other tax reductions can amount to several times the Pigouvian welfare gains from congestion reduction"--Cover.
Download or read book Productivity Growth Capital Accumulation and the Banking Sector written by Ejaz Ghani and published by World Bank Publications. This book was released on 1999 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: "How did the East Asian miracle turn into one of the worst financial crises of the century? A case study of Malaysia provides some answers"--Cover.
Download or read book Modern Studies in Property Law Volume 3 written by Elizabeth Cooke and published by Bloomsbury Publishing. This book was released on 2005-06-29 with total page 432 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book comprises a collection of papers given at the fifth biennial conference of the Centre for Property Law at the University of Reading held in March 2004,and is the third in the series Modern Studies in Property Law. The Reading conference has become well-known as a unique opportunity for property lawyers to meet and confer both formally and informally. This volume includes a refereed and revised selection of the papers given there. The papers thus cover a broad range of topics of immediate importance including: land registration, leasehold and commonhold, prescription and law and equity. A growing and popular aspect of the series is its coverage of property law matters worldwide; this volume includes essays on property law in developing countries, in South Africa, Canada, and Eastern Europe.
Download or read book Geographical Disadvantage written by Anthony Venables and published by World Bank Publications. This book was released on 1999 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: "What effect does distance have on costs for economies at different locations? Exports and imports of final and intermediate goods bear transport costs that increase with distance. Production and trade depend on factor endowments and factor intensities as well as on distance and the transport intensities of different goods"--Cover.
Download or read book Does Deposit Insurance Increase Banking System Stability written by Asl? Demirgüç-Kunt and published by World Bank Publications. This book was released on 1999 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Explicit deposit insurance tends to be detrimental to bank stability-- the more so where bank interest rates are deregulated and the institutional environment is weak"--Cover.
