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  • 1
    Language: English
    Pages: 1 Online-Ressource (48 pages)
    Parallel Title: Erscheint auch als Deininger, Klaus Land Institutions to Address New Challenges in Africa: Implications for the World Bank's Land Policy
    Keywords: Communities and Human Settlements
    Abstract: Although land and associated property is a key part of national wealth and protecting rights to them is a key function of the state, Africa's formal land institutions often still operate on regulations that barely changed since colonial times, undermining public trust and leading to high levels of informality that make it difficult to underpin vibrant urban land and financial markets and control corruption, remove impediments to structural transformation posed by rural factor market imperfections to empower women, improve equity, and ensure sustainable management of public land. If an appropriate regulatory framework is in place, digital technology provides opportunities for African countries to broaden the range of rights that can be legally recognized, expand the type of contracts involving such rights that private parties and reduce associated enforcement costs, and provide local and global public goods. Institutions such as the World Bank can create momentum for reform through globally comparable monitoring and help harness these opportunities by focusing interventions on providing analytical support to establish the policy and institutional environment to (i) document and enforce rights at scale; (ii) regulate land markets to ensure competition and deliver public goods including price information, land use planning to coordinate investment and avoid externalities, and tax land value gains to support local public services; and (iii) reduce the transaction cost for private parties to enter and enforce contracts involving immovable property and the uses to which it is put
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  • 2
    Language: English
    Pages: 1 Online-Ressource (41 pages)
    Parallel Title: Erscheint auch als Deininger, Klaus Land and Mortgage Markets in Ukraine: Pre-War Performance, War Effects, and Implications for Recovery
    Keywords: Agricultural Land Sales ; Agricultural Production ; Communities and Human Settlements ; Conflict and Development ; Credit Market ; Determinates of Land Price ; Finance and Financial Sector Development ; Impact of War on Markets ; Land Governance Reform ; Land Market ; Post War Reconstruction
    Abstract: Almost throughout Ukraine's independent history, agricultural land sales were prohibited. Measures to allow them and make land governance more transparent in 2020/21 were expected to improve equity, investment, credit access, and decentralization. This paper draws on administrative data and satellite imagery to describe land market performance before and after the Russian invasion, assess changes in land use for transacted parcels, and analyze determinants of land prices. Agricultural land market volume soon exceeded that of residential land and continued at a reduced level and with prices some 15-20 percent lower even after the invasion, with little sign of speculative land acquisition. Mortgage market activity and credit access remained below expectations. The paper discusses reasons and options for addressing them in a way that also factors in the needs of post-war reconstruction
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  • 3
    Language: English
    Pages: 1 Online-Ressource (39 pages)
    Parallel Title: Erscheint auch als Deininger, Klaus Impact of the Russian Invasion on Ukrainian Farmers' Productivity, Rural Welfare, and Food Security
    Keywords: Agricultural Production ; Agriculture ; Armed Conflict Impact on Agriculture ; Conflict and Development ; Credit Markets ; Farm Profitability ; Food Security ; Post Conflict Reconstruction ; Post-Conflict Agricultural Reconstruction ; Rural Impact of War ; Rural Welfare
    Abstract: Data from 2,251 small and medium-size farms for 2021 and 2022 show that area reductions in response to the Russian invasion of Ukraine remained limited. However, worsening terms of trade reduced farm profitability, implying that 46 percent of farms had a negative cash flow and 54 percent (67 percent in the 50-120 hectare group) were credit constrained in 2022, implying that longer term effects may be more adverse. Total factor productivity varies significantly across size groups but is not significantly different between formal and informal farms in the same size group. This suggests that limited transferability of land use rights that are disproportionately used by smaller farms may be one reason for low productivity. Improving transferability of land, digital access to markets, and mortgage lending could thus trigger investment and growth in higher value products by small and medium-size farms to solidify Ukraine's comparative advantage in agriculture and improve rural living conditions in the context of reconstruction
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  • 4
    Language: English
    Pages: 1 Online-Ressource (41 pages)
    Parallel Title: Erscheint auch als Deininger, Klaus How Urban Land Titling and Registry Reform Affect Land and Credit Markets: Evidence from Lesotho
    Keywords: Communities and Human Settlements ; Credit Market ; Economic Development and Land Rights ; Equity ; Equity and Development ; Formal Land Market ; Gender ; Gender and Land Rights ; Land Administration ; Land Information Systems ; Land Rights ; Land Titling ; Law and Development ; Law and Equality ; Lesotho Land Administration Reform Project (LARP) ; Property Rights ; Systematic Land Registration ; Urban Land Policy Reform
    Abstract: Using spatial fixed effects and time-varying controls, this paper draws on complete registry data for 1981-2019, supplemented by satellite imagery, to analyze impacts of urban land titling for some 40,000 grid cells in Lesotho. Beyond confirming the short-term impacts on female co-ownership and investment, previously reported, the paper documents medium-term impacts on land sale and mortgage market activity and women's participation in these markets. Although titling was instrumental in ensuring the effectiveness of an earlier legal reform that allowed women to be co-owners of land, the credit and land market effects are due not to titling but to changes in policy to reduce the transaction cost of registering land that took effect just before titling started. Downward shifts in the time required to register transactions support this interpretation. The paper concludes by discussing what the evidence implies for design and evaluation of property registration programs
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  • 5
    Language: English
    Pages: 1 Online-Ressource (60 pages)
    Parallel Title: Erscheint auch als Deininger, Klaus Quantifying War-Induced Crop Losses in Ukraine in near Real Time to Strengthen Local and Global Food Security
    Keywords: Agricultural Production ; Agriculture ; Armed Conflict ; Conflict ; Conflict and Development ; Food Security ; Machine Learning ; War
    Abstract: This paper uses a 4-year panel (2019-2022) of 10,125 village councils in Ukraine to estimate direct and indirect effects of the war started by Russia on area and expected yield of winter crops. Satellite imagery is used to provide information on direct damage to agricultural fields; classify crop cover using machine learning; and compute the Normalized Difference Vegetation Index (NDVI) for winter cereal fields as a proxy for yield. Without conflict, winter crop area would have been 9.14 rather than 8.38 mn. ha, a 0.75 mn. ha reduction, 86% of which is due to economy-wide effects. The estimated conflict-induced drop in NDVI for winter cereal, which is particularly pronounced for small farms, translates into a 15% yield reduction or an output loss of 4.2 million tons. Taking area and yield reduction together suggests a war-induced loss of winter crop output of 20% if the current winter crop can be harvested fully
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