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Background

In: Economic Analysis of Sub-Saharan Africa Real Estate Policies

Author

Listed:
  • Felix N. Hammond
  • Yaw Adarkwah Antwi

Abstract

Time was when economists blissfully ignored land/real estate in their propositions, considering it as a neutral element in the economic development process and hence warranting no serious attention (Hammond, 2006; Platteau, 1992; World Bank, 1975). Today, it is widely recognised that the omission of land/real estate in earlier development theories was a grave error that has derailed many otherwise sound economic policies (Hammond, 2006; Deininger, 2003). Perhaps the most critical dimension of real estate in the context of economic development is the policy and institutional arrangements that regulate the way it is acquired, owned, formalised, developed and used (Deininger, 2003; Antwi and Adam, 2003; Antwi, 2000). It is this dimension that ultimately determines the extent to which particular real estate parcels can be productively utilised, and that constitutes the main subject of study in this work.

Suggested Citation

  • Felix N. Hammond & Yaw Adarkwah Antwi, 2010. "Background," Palgrave Macmillan Books, in: Economic Analysis of Sub-Saharan Africa Real Estate Policies, chapter 1, pages 1-15, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-27499-0_1
    DOI: 10.1057/9780230274990_1
    as

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