Search results
1 – 10 of over 1000Raymond T. Abdulai and Felix N. Hammond
There is a longstanding argument that landed property market information management via land registration guarantees accessibility to loans from financial institutions for…
Abstract
Purpose
There is a longstanding argument that landed property market information management via land registration guarantees accessibility to loans from financial institutions for investment and wealth creation in developing economies. Thus, land registration has been prescribed as the solution to the problem of poverty and underdevelopment. The purpose of this paper is to critically examine the link that exists between land registration and access to investment loans from banks.
Design/methodology/approach
The study employed the qualitative research approach using empirical data from Ghana. Banks constituted the survey participants, and data were collected by administering a mainly open‐ended questionnaire to loans officers of 18 banks. The data was coded with the aid of Nvivo for analysis.
Findings
It has been established that: financial capability of potential mortgagors is the main criterion used by banks to grant investment loans; and land registration is not a prerequisite in mortgage transactions – it is a post‐requirement. These empirical findings are corroborated by the evidence adduced from a critical analysis of literature on the land registration system of a Western nation such as Britain.
Practical implications
To address the problem of poverty requires the implementation of policies and programmes that would empower the poor financially on a sustainable basis. Land registration per se cannot “unlock” investment capital.
Originality/value
Studies that have investigated the link between land registration and access to formal credit tend to focus on the demand side of the mortgage market. This paper, however, concentrates on the supply side by examining the prerequisites for investment loan applications. Such a study in Ghana is notably non‐existent and this is the first of its kind.
Details
Keywords
Ravivan Suwansin, John K.M. Kuwornu, Avishek Datta, Damien Jourdain and Ganesh P. Shivakoti
The purpose of this paper is to investigate the performance of the revolving fund (RF) regarding the ability of smallholder debtors to retrieve land title deeds, and also to…
Abstract
Purpose
The purpose of this paper is to investigate the performance of the revolving fund (RF) regarding the ability of smallholder debtors to retrieve land title deeds, and also to examine the factors influencing the outstanding debts and percentage of outstanding interest of the smallholders in the Central and Northeastern regions of Thailand.
Design/methodology/approach
Primary data were collected from 430 debtors in the Central and Northeastern regions of Thailand in order to compare the differences in livelihood assets as well as their opinions on benefits derived from the operation of the RF. Secondary data were also collected from the RF administration, in order to evaluate the effectiveness and efficiency of the fund. Heteroskedasticity-corrected ordinary least squares and Tobit regression models were employed to examine the factors influencing the outstanding debts and percentage of outstanding interest of the smallholders, respectively. Furthermore, the student’s t-test was used to examine the differences in the livelihood assets among debtors in the two regions; and one-way analysis of variance (ANOVA) was used to examine differences in livelihood indicator scores among the three types of debtors.
Findings
The empirical results revealed that the RF is effective as the fund could provide loan to smallholders to enable them redeem their land title deeds from their previous creditors. The t-test results reveal significant differences in the livelihood assets among debtors in the two regions. One-way ANOVA indicates differences in livelihood indicator scores among the three types of debtors. The results of the heteroskedasticity-corrected ordinary least squares regression revealed that being married, low frequency of floods and less influence of third parties significantly reduced the outstanding debts. The results of the censored Tobit regression revealed that increased frequency of meeting with the RF administration, less influence of third parties, high land potential and interaction of age and experience significantly decreased the percentage of outstanding interest.
Practical implications
It is imperative to intensify information and education regarding the regulations, payment terms and modalities to clients in order to facilitate repayments of the loans disbursed. The organization of the RF should pay particular attention to the role of the committees involved, information administration and loan repayment monitoring. The RF should increase the frequency of meetings with smallholders, minimize the influence of third parties and give priority to old and experienced smallholders who possess land with high potential for earning incomes to enable them repay the loans.
Originality/value
To the best of the authors’ knowledge, this is the first study that examined the effectiveness of the RF to enable smallholders retrieve their land title deeds.
Details
Keywords
Kwasi Gyau Baffour Awuah, Felix Nikoi Hammond and Jessica Elizabeth Lamond
The purpose of this paper is to assess cost of land title formalisation in Ghana from the standpoint of individual land/property owners with the view to suggesting a…
Abstract
Purpose
The purpose of this paper is to assess cost of land title formalisation in Ghana from the standpoint of individual land/property owners with the view to suggesting a cost-effective means for title formalisation in the country.
Design/methodology/approach
The paper adopts a quantitative research approach with mainly questionnaire instruments to obtain data from real estate valuers, land agents and lawyers in Accra, Ghana's capital city.
Findings
Consistent with the literature, the paper found that title formalisation cost is high with extensive time lag. A substantial portion of the cost emanates from commuting cost for follow-ups to expedite action on title formalisation activities, cost of time lag and unofficial and professional fees for facilitation of title formalisation activities.
Practical implications
For land title formalisation to contribute to socio-economic development of Ghana and other developing countries, there is a need for effective and efficient land title formalisation regime to reduce excessive time lag and monetary cost for title formalisation.
Originality/value
Few studies have examined the extent of title formalisation cost in sub-Saharan Africa. Most of these studies tend to overlook several indirect costs and give misleading cost reportage or focus on social cost. The study analyses land title formalisation cost from individual land/property owners’ standpoint. The paper incorporates indirect costs and gives an idea as to the cost trend. Being first of its kind, the study presents a new dimension to the assessment of land title formalisation cost in Ghana for policy formulation and practice.
Details
Keywords
Many recent social media posts and news may create a perception of big success in the use of blockchain for the real estate industry, land registration and protection of titles…
Abstract
Purpose
Many recent social media posts and news may create a perception of big success in the use of blockchain for the real estate industry, land registration and protection of titles and property rights. A sobering outlook is crucial because misleading concepts may bury the whole idea of blockchain use. This paper aims to research the possibilities of blockchain and other distributed ledger technologies (DLT) and applicability of these technologies for different purposes in real estate, property rights and public registries.
Design/methodology/approach
This research is framed with policy studies and focuses on property rights, land registration regulatory framework and information and communication technologies innovations. The context of this paper is decentralization which has been developed in political science studies and the role of blockchain and DLT in it. Therefore, the provided analysis of blockchain and DLT is interdisciplinary research to interpret the facets of DLT technologies in the context of real estate and land title registration.
Findings
Permissioned and private DLT systems cannot be considered a significant evolutionary step in government systems. Blockchain, which is distinguished from permissioned systems as the technology of the immutable ledger that does not require authorities, is a new word in governance. However, this technology has some principal features that can restrain its implementation at the state level and thus require further research and development. The application of blockchain requires a proper architecture of overlaid technologies to support changes of outdated and mistaken data, address issues of digital identity and privacy, legal compliance and enforceability of smart contracts and scalability of the ledger.
Originality/value
This paper shows the constraints of the technology’s properties which were not explained before in the context of title rights and land registration even though technological limits are known in more specific technical sources. Along with the known benefits this meant to help to avoid misinterpretation of some DLT features by non-technical people. A multidisciplinary approach in analyzing the technology and laws helped to better understand what can and cannot be beneficial for public registries and the protection of property rights. The presented outcomes can be laid down as requirements for the technical protocols aimed at addressing the issues of DLT and public policies to put blockchain at the service of society.
Details
Keywords
The chapter aims to discuss the social housing history and urban renewal experiences in Turkey while pointing out similarities to and variegations from the urban policy trends in…
Abstract
Purpose
The chapter aims to discuss the social housing history and urban renewal experiences in Turkey while pointing out similarities to and variegations from the urban policy trends in the global north in the postwar era. To carry out these discussions, the chapter focuses on the Karapınar Project in Eskişehir.
Methodology/approach
The chapter is built on an anthropological case study and a self-funded video documentary research that includes insights from local inhabitants, projects’ authorities, urban experts, and planners in order to show contesting claims and views about the renewal, new housing conditions, and economic consequences.
Findings
The Karapınar Renewal Project is a Mass Housing Administration (TOKİ) project which claimed to be a ‘welfare oriented’, ‘renewal on-site’, ‘social housing project’ aiming to turn gecekondu – squatter settlements – into a healthy neighborhood. Yet, these claims fail to meet their promises and only appear to mask the actual rent-seeking motivations of the project.
Social implications
The chapter shows that large economic profits of the authorities create a significant contrast with economic burdens and dispossessions of the poor residents. The locals’ fears about the payments and concerns about changing living conditions are in sharp contradiction with the welfare claims of the state institutions.
Originality/value
The Karapınar Project uses the concepts of ‘social housing’ and ‘welfare state’ which are normally associated with policies of social democratic ideology. Yet, when looking into the reality, it becomes clear that the Karapınar Project shifted the meanings of these concepts and utilized them to create a space for legitimacy.
Details
Keywords
Daniel Domeher and Raymond Abdulai
The purpose of this paper is to critically examine the argument linking land registration to agricultural investment and to provide theoretical reasons as to why this linkage may…
Abstract
Purpose
The purpose of this paper is to critically examine the argument linking land registration to agricultural investment and to provide theoretical reasons as to why this linkage may not materialise in Africa within the short to medium term.
Design/methodology/approach
The paper takes the form of a critical review of the relevant literature on land registration, access to credit and agricultural investment; arguments are built on empirical studies found in the literature and theoretical concepts.
Findings
It has been established in this paper that the links between landed property registration and agricultural investments are made defective in Africa by factors such as poverty, lack of appropriate agro‐based infrastructure and the fact that land registration per se does not improve the profitability of agriculture, neither does it improve access to credit.
Research limitations/implications
The fact that this paper is based on literature review may be seen as a weakness to some extent.
Originality/value
Even though previous researchers have looked at the relationship between landed property registration and agricultural investment in the developing world, they fall short of critically explaining why land registration has been found not to enhance agricultural investment. This paper fills the gap through a combination of various theoretical and practical arguments which could call for a rethinking on the policies for promoting agricultural growth. The rigorous theoretical argument may also provide the basis for further empirical research.
Details
Keywords
Fathullah Asni, Afiffudin Mohammed Noor and Muhamad Husni Hasbulah
The purpose of this study is to examine the management of cash waqf fund generation through the implementation of istibdal in Kedah.
Abstract
Purpose
The purpose of this study is to examine the management of cash waqf fund generation through the implementation of istibdal in Kedah.
Design/methodology/approach
The data are obtained through literature and empirical data. The authors first review the literature on the importance of waqf fundraising, the implementation factors of istibdal waqf and the relevance of istibdal method as a waqf fund generation medium to understand the extent to which the scholarly articles have discussed these topics. Furthermore, the authors conducted face-to-face interviews with two Kedah Islamic Religious Council (Majlis Agama Islam Kedah [MAIK]) officers, who were directly involved in the affairs of istibdal waqf to obtain holistic information regarding implementing istibdal waqf properties in Kedah. As a result, several themes are defined from the interview data before being analysed based on the content analysis method.
Findings
The results of the study show two istibdal implementation processes outlined by the Kedah Islamic Religious Council (MAIK), namely, the istibdal implementation process for waqf land registered title deed, and waqf land registered as reserve certificate for religious use like mosque and cemetery. The results also showed three factors in implementing istibdal in Kedah: the acquisition of waqf land by the state authority (PBN), istibdal application by the state education department (JPN) and istibdal application by the mosque committee. Out of eight cases of istibdal implementation, four have generated cash funds for MAIK through investment methods from the sale of waqf lands and rental of replaced shophouses that are able to cover the expenses of managing waqf properties in Kedah. Several suggestions are also recommended for MAIK to improve its istibdal policy, thus enabling the institution to generate cash waqf funds at the maximum rate.
Research limitations/implications
This study only focused on the implementation factors and the generation of cash waqf funds through istibdal in Kedah, while it can be expanded to other states like Terengganu, Kelantan and Penang. Furthermore, this study only interviewed officers who manage matters related to the affairs of waqf properties, as the session can actually be extended to other respondents, such as those specialising in cash fund generation investments and others.
Practical implications
This study proposed some improvements to the policy and guidelines of istibdal waqf property to MAIK after a few shortcomings were identified throughout this study. If improved, these proposals will have a significant impact, especially on the waqf properties involved in the implementation of istibdal, where it has the potential to bring cash generation and ensure the constant economic value of waqf properties.
Social implications
This study has a tremendous impact on society, in which their areas have cash waqf funds that can be developed. It can benefit the needy and increase funds for the welfare expenditure of Muslims through rental income, investment and development. Progress on waqf property provides a high indication of the efficiency of an organisation in managing the waqf property. Thus, the public, especially the rich, is motivated to fulfil their charitable practices through waqf mechanism and share their wealth with the needy.
Originality/value
This study contributes to comprehensive field data on the implementation factors and generation of cash waqf funds through the implementation of istibdal in Kedah. The results of this study are significant to be used by waqf property management.
Details
Keywords
This chapter examines how Maragoli women farmers’ plot-level crop control, individual, and household variables affect yields. This chapter contributes to a holistic understanding…
Abstract
Purpose
This chapter examines how Maragoli women farmers’ plot-level crop control, individual, and household variables affect yields. This chapter contributes to a holistic understanding of the ramifications of quantitative and qualitative factors informing women farmers’ plot-level undertakings and yields as well as their innovative and creative strategies for optimizing output. It broadens the existing debate in the sub-Saharan African agricultural production literature by suggesting a composite measure of plot-level crop control as one factor influencing women farmers’ yields even in situations where land is owned by someone else. It also provides a rich discussion of the various and interlocking qualitative factors distorting women farmers’ incentive structures, efforts to increase plot-level yields and their strategies for minimizing the detrimental effects of the same.
Methodology/approach
A multimethod quantitative and qualitative ethnographic case study approach was used in this study.
Findings
This chapter demonstrates that women strategically bargained and invested more of their productive resources on the plots where they anticipated the greatest individual gains.
Practical implications
This chapter underscores women farmers’ ability to boost agricultural output when there are appropriate incentives for them to do so and suggests the theoretical and practical relevance of secure control and property rights over the products of the land not for the household (head), but for the cultivator. The chapter demonstrates and reaffirms that Africa women farmers respond appropriately to incentives and suggests that there is need for a customized, renewed, and sustained emphasis on women farmers’ empowerment and inclusion in all levels in the agricultural sector in order to actualize increased yields. Investing in women farmers and implementing policies that narrow existing gender disparities in African agricultural production systems is holistically beneficial.
Details
Keywords
Although South African landowners have been subject to variousforms of land tax in the past, the ownership (or occupation) ofagricultural land is not taxed at present. Despite the…
Abstract
Although South African landowners have been subject to various forms of land tax in the past, the ownership (or occupation) of agricultural land is not taxed at present. Despite the fact that white agricultural landowners are strongly opposed to the possible introduction of a rural land tax, political and fiscal pressures in present‐day South Africa seem to suggest that the imposition of such a tax is inevitable. It is suggested that it could be equitable, and would be administratively feasible, to levy, assess and collect a rural land tax at local government level within the commercial farming sub‐sector, but that levying such a tax on subsistence farmers occupying communal land poses serious problems.
Details
Keywords
Since the Audit Commission’s report on local authority property management in 1987 and subsequent publications, there has been substantial investment in geographic and land…
Abstract
Since the Audit Commission’s report on local authority property management in 1987 and subsequent publications, there has been substantial investment in geographic and land information systems (GIS/LIS) by local government. This paper reviews the issues associated with the uptake of information technology (IT) for property management within local government, taking the Audit Commission’s findings as its starting point. It considers how authorities have taken up new technologies and describes progress in this area. British Standard BS 7666 for geographical referencing presents new opportunities for integrated property management in local authorities. The paper discusses this development, drawing on examples from local authorities. The paper concludes by examining the Western Australian Land Information System (WALIS). This is an example of how information sharing between local and central government organisations can add value to data sets collected and maintained by each, reduce duplication of effort and offer a more consistent service.
Details