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Investment and income effects of land regularization : the case of Nicaragua

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Author Info

  • Deininger, Klaus
  • Chamorro, Juan Sebastian

Abstract

The authors use data from Nicaragua to examine the impact of the award of registered and nonregistered title on land values and on investments attached to land. They find that receipt of registered title increases land values by 30 percent and greatly increases the propensity to invest, bringing investment closer to the optimum. Consistent with descriptive statistics indicating great demand for regularization of land rights, especially from the poor, this finding suggests that titling can have a positive distributional effect. Of overriding importance, however, are the legal validity and official recognition of the titles issued.

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Bibliographic Info

Paper provided by The World Bank in its series Policy Research Working Paper Series with number 2752.

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Date of creation: 31 Jan 2002
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Handle: RePEc:wbk:wbrwps:2752

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Related research

Keywords: Municipal Housing and Land; Banks&Banking Reform; Real Estate Development; Environmental Economics&Policies; Land Use and Policies; Environmental Economics&Policies; Municipal Housing and Land; Banks&Banking Reform; Rural Land Policies for Poverty Reduction; Land Use and Policies;

References

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  1. Lee J. Alston & Gary D. Libecap & Robert Schneider, 1996. "The Determinants and Impact of Property Rights: Land Titles on the Brazilian Frontier," NBER Working Papers 5405, National Bureau of Economic Research, Inc.
  2. Migot-Adholla, Shem, et al, 1991. "Indigenous Land Rights Systems in Sub-Saharan Africa: A Constraint on Productivity?," World Bank Economic Review, World Bank Group, vol. 5(1), pages 155-75, January.
  3. Andre, Catherine & Platteau, Jean-Philippe, 1998. "Land relations under unbearable stress: Rwanda caught in the Malthusian trap," Journal of Economic Behavior & Organization, Elsevier, vol. 34(1), pages 1-47, January.
  4. Atwood, David A., 1990. "Land registration in Africa: The impact on agricultural production," World Development, Elsevier, vol. 18(5), pages 659-671, May.
  5. Bromley, Daniel W., 1989. "Property relations and economic development: The other land reform," World Development, Elsevier, vol. 17(6), pages 867-877, June.
  6. Brasselle, Anne-Sophie & Gaspart, Frederic & Platteau, Jean-Philippe, 2002. "Land tenure security and investment incentives: puzzling evidence from Burkina Faso," Journal of Development Economics, Elsevier, vol. 67(2), pages 373-418, April.
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Citations

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Cited by:
  1. Deininger, Klaus & Jin, Songqing, 2006. "Tenure security and land-related investment: Evidence from Ethiopia," European Economic Review, Elsevier, vol. 50(5), pages 1245-1277, July.
  2. Klaus Deininger & Songqing Jin, 2008. "Land Sales and Rental Markets in Transition: Evidence from Rural Vietnam," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 70(1), pages 67-101, 02.
  3. Siegel, Paul B., 2005. "Using an asset-based approach to identify drivers of sustainable rural growth and poverty reduction in Central America : a conceptual framework," Policy Research Working Paper Series 3475, The World Bank.
  4. Deininger, Klaus & Ayalew, Daniel & Yamano, Takashi, 2006. "Legal knowledge and economic development : the case of land rights in Uganda," Policy Research Working Paper Series 3868, The World Bank.
  5. Deininger, Klaus & Songqing Jin & Adenew, Berhanu & Gebre-Selassie, Samuel & Demeke, Mulat, 2003. "Market and non-market transfers of land in Ethiopia - implications for efficiency, equity, and non-farm development," Policy Research Working Paper Series 2992, The World Bank.
  6. Klaus Deininger, 2002. "Agrarian reforms in Eastern European countries: lessons from international experience," Journal of International Development, John Wiley & Sons, Ltd., vol. 14(7), pages 987-1003.

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