How land registration affects financial development and economic growth in Thailand
AbstractUsing an economy-wide 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: 1) Land titling has significant positive long-run effects on financial development. 2) 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. 3) 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.
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Bibliographic InfoPaper provided by The World Bank in its series Policy Research Working Paper Series with number 2241.
Date of creation: 30 Nov 1999
Date of revision:
Climate Change; Environmental Economics&Policies; Economic Theory&Research; Public Sector Economics&Finance; Land Use and Policies; Economic Theory&Research; Environmental Economics&Policies; Achieving Shared Growth; Inequality; Economic Growth;
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