Language:
English
Pages:
Online-Ressource (1 online resource (38 p.))
Edition:
Online-Ausg. World Bank E-Library Archive
Parallel Title:
Byamugish, K.F. Frank How Land Registration Affects Financial Development and Economic Growth in Thailand
Keywords:
Banks and Banking Reform
;
Climate Change
;
Communities & Human Settlements
;
Cred Development
;
Debt Markets
;
Economic Growth
;
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
;
Banks and Banking Reform
;
Climate Change
;
Communities & Human Settlements
;
Cred Development
;
Debt Markets
;
Economic Growth
;
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
Abstract:
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 fbyamugishaworldbank.org
URL:
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