How Land Registration Affects Financial Development and Economic Growth in Thailand

How Land Registration Affects Financial Development and Economic Growth in Thailand / Byamugish, K.F. Frank

November 1999 - 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 contempora...

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Détails bibliographiques
Auteurs principaux:Byamugisha, Frank
Format: Online-Resource
Langue:English
Publié:Washington, D.C : The World Bank, 1999
Sujets:
Banks and Banking Reform
Climate Change
Communities & Human Settlements
Cred Development
Debt Markets
Economic Growth
Economic Historians
Economic Theory and Research
Environment
Equations
Finance and Financial Sector Development
Financial Crisis
GDP Per Capita
Incentives
Inequality
Investment
Land Use and Policies
Liquidity
Macroeconomics and Economic Growth
Markets
Natural Resources
Poverty Reduction
Private Property
Pro-Poor Growth
Productivity
Property Rights
Public Sector Economics and Finance
Real GDP
Regression Analysis
Rural Development
Rural Land Policies for Poverty Reduction
Theory
Value
Variables
Accès en ligne:URL des Erstveröffentlichers
Description
Résumé:November 1999 - 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 fbyamugisha@worldbank.org
Description matérielle:1 Online-Ressource (38 Seiten)

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