Investment and Income Effects of Land Regularization : The Case of Nicaragua

• Tác giả: Juan Sebastian Chamorro
• Ngôn ngữ: eng
• Ký hiệu phân loại: 277.28 Christianity in North America Christian church in North
• Thông tin xuất bản: World Bank, Washington, DC, 2013
• Bộ sưu tập: Tài liệu truy cập mở
• ID: 323255
• Chủ đề: 1. ACCESS TO CREDIT; 2. CREDIT MARKETS; 3. DISTRIBUTIONAL IMPACT; 4. LAND TENURE; 5. LAND TITLES

Tóm tắt

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.