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Going digital : credit effects of land registry computerization in India (Английский)

Despite strong beliefs that property titling and registration will enhance credit access, empirical evidence in support of such effects remains scant. The gradual roll-out of computerization of land registry systems across Andhra Pradesh's 387 sub-registry offices allows us to combine quarterly administrative data on credit disbursed by all commercial banks for an eleven-year period (1997-2007) aggregated to the sub-registry office level with the date of shifting registration from manual to digital. Computerization had no credit effect in rural areas but led to increased credit-supply in urban ones. A marked increase of registered urban mortgages due to computerization supports the robustness of the result. At the same time, estimated impacts from reduction of the stamp duty are much larger, suggesting that, without further changes in the property rights system, impacts of computerization will remain marginal.

Подробная Информация

  • Автор

    Deininger,Klaus W., Goyal,Aparajita

  • Дата подготовки документа

    2010/03/01

  • Тип документа

    Рабочий документ в рамках исследования вопросов политики

  • Номер отчета

    WPS5244

  • Том

    1

  • Total Volume(s)

    1

  • Страна

    Индия,

  • Регион

    Южная Азия,

  • Дата раскрытия информации

    2010/07/01

  • Disclosure Status

    Disclosed

  • Название документа

    Going digital : credit effects of land registry computerization in India

  • Ключевые слова

    real value;property right;credit supply;stamp duty;reduction of transaction costs;security of land tenure;land and credit markets;reduction in transaction cost;rural area;land records;credit access;transparency international;development research group;financial market development;establishment and maintenance;transaction cost reduction;access to information;stamp duty rate;types of transactions;fixed effect;Land Registry;reducing child labor;formal labor market;investment in housing;volume of transaction;basic descriptive statistic;cost of transfer;cost of access;rights to land;secure land tenure;private sector bank;choice of technique;investment in children;provision of credit;collateral credit;collateral for credit;types of property;land administration system;land administration reform;availability of land;implications for policy;loan approval procedure;case of default;success and failure;land registry systems;amount of credit;supply of credit;evidence of ownership;registered transactions;transaction volume;land right;standard error;commercial bank;property registration;point estimate;indicator variable;land market;Land Registration;land transaction;government income;indian states;registered land;land information;Land Ownership;rural land;property transfer;tenure security;land title;property value;Mortgages;estimation strategy;lag effect;urban one;enforcement efforts;empirical evidence;registered mortgages;rural ones;administrative datum;colonial land;property valuation;credit rationing;estimate impact;urban population;spatial framework;positive impact;Property title;property registry;initial value;Agrarian Reform;property ownership;title system;conventional wisdom;transaction process;urban credit;selection bias;case registries;land transfer;neoclassical economics;household survey;duty reduction;registration process;high frequency;Child Health;immovable property;tenure system;human biology;business case;cultural change;farm productivity;urban slum;labor supply;urban poor;investment incentive;observed increase;registered deed;administrative processes;transactions cost;econometric result;credit application;loan process;causal effect;creditworthy projects;absolute change;Agricultural Investment;large-scale corruption;Political Economy;contract enforceability;economic institution;tenure insecurity;legal expert;marginal increase;world history;property reform;imperfect information;economic history;Financial Sector;comparative economics;enforcement power;informal land;urban land;credit increase;ownership status;land regularization;land sale;empirical result;investment opportunities;human interaction;social relation;power structure;concerned institution;Real estate;asymmetric information;lending volume;market valuation;credit expansion;cooperative bank;electronic form;registration fee;Public Spending;registration procedure;property transaction;residual claim;human history;tax revenue;formal property;informal transfer;formal recognition;human capital;allocative efficiency;land policy;land policies;dynamic nature;reform effort;subsequent efforts;colonial elites;local access;property institutions;land institutions;fiscal instrument;indian context;retail credit;land revenue;summary statistic;sale price;british rule;universal practice;registry reform;subsequent growth;financial instrument;formal system;risk aversion;base year;economic efficiency;female empowerment;political momentum;agricultural land;settlement process;institutional change;physical inspection;tax obligation;online access;loan application;rural debt;agricultural debt;data quality;loan portfolio;independent variable;probit regression;informal payment;illiquid wealth;policy shock;credit disbursement;policy restrictions;ownership information;business process;positive coefficient;

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