1. The connections of secured property rights and economic development
Group 10

2. Theory Higher input -> Higher output
 Investment incentives
Theory is supported by empirical studies
Better security attracts land development
Desire for land development creates demand for investments
Investments in land development lead into more efficient land use and therefore higher income
Higher income => higher land price
2)  Credit channel
Low support from empirical studies
Security decreases lenders risks and creates supply of cheap credit
Supply of cheap credit functions with the demand that investment incentives creates

3. Theory Higher input -> Higher output
3)  Access to land markets
Theory is not supported by empirical studies
It is easier to sell land, when the land is titled and buyer has smaller risks of losing the land afterwards e.g. because of nationalization
For the same reasons the land is easier to lease
Land reaches its best purpose faster (e.g. if the owner does not want to use or can’t use the land or gets better income by leasing it)
Higher occupancy
Note! Who benefits from economic growth and who pays the costs of establishing and maintaining the cadastral system? (private vs. society)

4. Comments and questions please
Thank you!
Comments and questions please