A theoretical framework to guide empirical analysis of how land registration affects financial development and economic growth.

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.

Land registration in Thailand has significant positive long-run effects on financial development and economic growth.

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].

Master's Thesis from the year 2020 in the subject Geography / Earth Science - Demographics, Urban Management, Planning, grade: A, Jimma University College of Agriculture and Veterinary Medicine (College of Social Sciences and Humanities), course: Geography and Environmental Studies, language: English, abstract: This study assesses the impact of the land registration system on local revenue collection within Jimma City Administration. Emphasizing the significance of registering land and land-related properties, the research examines how such registration can enhance land management, foster development, and generate substantial land-related revenue. The study has three key objectives: firstly, identifying institutional, technical, financial, and motivational factors in the land registration system; secondly, analyzing mechanisms for improving the land registration system; and thirdly, examining the relationship between land registration and tax revenue. The research employs a probability sampling method, and the findings reveal that a significant percentage of the sampled respondents (86%) possess knowledge about land registration. Additionally, experts in the field acknowledge the importance of land registration for revenue collection in the study area. The study underscores a complementary relationship between land registration and revenue collection, and it traces the trends of revenue change attributed to the land registration system. Furthermore, the introduction of a cadastral system is shown to have a positive impact on revenue collection.

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.