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Economic analysis of Sub-Saharan Africa real estate policies

Author: Felix Hammond; Yaw Adarkwah Antwi
Publisher: Basingstoke, Hampshire ; New York : Palgrave Macmillan, 2010.
Edition/Format:   Print book : EnglishView all editions and formats
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Nonetheless, relative progress in ensuring that arrangements concerning real estate are compatible with desired magnitudes of investments in Africa remains far from satisfactory. Treatment of real  Read more...

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Additional Physical Format: Online version:
Hammond, Felix.
Economic analysis of Sub-Saharan Africa real estate policies.
Basingstoke, Hampshire ; New York : Palgrave Macmillan, 2010
(OCoLC)894575814
Material Type: Internet resource
Document Type: Book, Internet Resource
All Authors / Contributors: Felix Hammond; Yaw Adarkwah Antwi
ISBN: 9780230232310 0230232310
OCLC Number: 430839350
Description: xiv, 260 pages : illustrations ; 22 cm
Contents: 1. Background --
1.1. Introduction --
1.2. Poverty, a worldwide problem --
1.3. Sub-Saharan Africa's struggle with poverty --
1.4. The place of public policy --
1.5. Analysing real estate policies --
1.6. Summary --
2. Primacy of Real Estate --
2.1. Introduction --
2.2. Real estate and poverty alleviation --
2.2.1. Causes of poverty --
2.3. Real estate as a factor of production --
2.4. Land and agricultural production --
2.5. Real estate and shelter poverty --
2.6. Real estate and economic development --
2.6.1. Measuring economic development --
2.7. Basic determinants of economic development --
2.7.1. The availability of real estate --
2.7.2. Utilisation of real estate resources --
2.7.3. Institutional rules and arrangements: Land tenure --
2.7.3.1. The major land tenure theoretical positions --
2.8. Summary --
3. Rationale for Real Estate Policy --
3.1. Introduction --
3.2. The concept of human action --
3.3. The real estate price system --
3.4. Public policy in real estate markets --
3.4.1. Shortcomings of government interventions --
3.4.2. Market improvement --
3.5. The Coase theorem --
3.6. Framework for real estate policy evaluation --
3.7. Summary --
4. The Political Economy of Sub-Saharan African Real Estate Policies --
4.1. Introduction --
4.2. Taxonomy of sub-Saharan Africa real estate policies --
4.2.1. The taxonomy --
4.3. The real estate policy process --
4.4. Pluralism, public choice and transaction costs --
4.5. Pluralism in action --
4.5.1. The colonial regime --
4.5.2. The single party postcolonial regimes --
4.5.2.1. The Ghana case --
4.5.3. Military regimes --
4.5.4. Emergent democratic regimes --
4.6. The social cost implications --
4.7. Summary --
5. Real Estate Policy Reforms in Sub-Saharan Africa --
5.1. Introduction --
5.2. First generation real estate policies --
5.3. Second generation land policies --
5.4. Third generation land policies --
5.5. The new path --
pro-poor land policy regime --
5.6. Summary --
6. Economics of Real Estate Information --
6.1. Introduction --
6.2. The strategy of inquiry --
6.3. The indigenous tenure system and information gaps --
6.4. Sources and nature of information gaps --
6.5. Information gaps and tenure security --
6.6. The social costs --
6.7. Rectifying the gaps --
6.8. Summary --
7. Performance of Real Estate Bureaucracy --
7.1. Introduction --
7.2. Economics of public bureaucracy --
7.3. The Ghana land sector public bureaucracy --
7.4. Research method --
7.5. Factor analysis --
7.6. The data --
7.7. Results of the factor analysis --
7.8. The budget growth rate pattern --
7.9. The share of the bureaucracies' budgets of national income --
7.10. The size of the personnel roster --
7.11. Identified sources of extraneous costs --
7.11.1. The acute imbalances in the workforce structure --
7.11.2. The extraneous costs of input control budgeting --
7.12. Summary --
8. Benefits of Real Estate Policies --
8.1. Introduction --
8.2. The place of land policies --
8.3. Nature of land policies in Ghana --
8.4. Research method --
8.5. Data collection and instrument --
8.6. Analysis --
8.7. Results --
8.7.1. Benefits of enforcement institutions --
8.7.2. Benefits of the land policies --
8.8. Discussion and implications --
8.9. Summary --
9. Cost of Real Estate Policies --
9.1. Introduction --
9.2. Cost --
9.3. Private costs --
9.3.1. Private direct/transaction costs --
9.3.2. Private indirect/opportunity costs --
9.4. The social costs --
9.4.1. Direct administrative cost --
9.4.2. Indirect administrative cost --
9.4.3. Price distortions --
9.4.4. Rent seeking and rent dissipation --
9.5. Measuring the social costs of land policy --
9.6. The model --
9.7. The research method --
9.8. Data collection --
9.9. Profile of respondents --
9.10. The prime variables --
9.11. The results --
9.11.1. The indirect private costs (& omega;1) --
9.11.1.1. The contract costs --
9.11.1.2. The extra official costs --
9.11.1.3. The travel costs --
9.11.1.4. The travel time --
9.11.1.5. The travel time costs --
9.11.1.6. Frequency of travel --
9.11.1.7. Transport fare and direct travel costs --
9.11.1.8. The costs of lag-time --
9.11.1.9. The costs of waiting time --
9.11.1.10. The costs of delays --
9.11.1.11. The costs of Act 481, 1994 --
9.11.1.12. The direct administrative (g) --
9.11.1.13. Deadweight costs (Harberger costs) --
9.12. The social marginal costs of land policies in Ghana --
9.13. Discussions --
9.14. The impacts --
9.14.1. Regulative policies --
9.14.2. Redistributive policies --
9.14.3. Distributive policies --
9.15. Summary --
10. The Way Forward --
10.1. Introduction --
10.2. The fundamental conclusions --
10.3. Sources of the policies --
10.4. The quantitative measuring framework --
10.5. The quantitative dimensions of social costs of real estate policies --
10.6. The benefits dimensions of the policies --
10.7. Recommendations for practice --
10.7.1. The overarching policy proposition --
10.7.2. The regulative policy reform proposal --
10.7.3. The distributive policy reform proposal --
10.7.4. The redistributive policy reform proposal --
10.7.5. The reform of policy delivery bureaucracies --
10.8. The costs of delays --
10.9. Recommendations for further study --
10.10. Summary.
Responsibility: Felix N. Hammond and Yaw Adarkwah Antwi.

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