Going Digital : Credit Effects of Land Registry Computerization in India

Deininger, Klaus; Goyal, Aparajita

Going Digital : Credit Effects of Land Registry Computerization in India

Autores

Descripción

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.

Palabras clave

ACCESS TO INFORMATION, ADJUDICATION, ADMINISTRATIVE PROCESSES, AGRICULTURAL DEBT, AGRICULTURE, ALM, ASSETS, ASYMMETRIC INFORMATION, BANK POLICY, BASE YEAR, BUSINESS PROCESS, CASE OF DEFAULT, CENTRAL BANK, CERTIFICATES, CHECKS, CHILD LABOR, COLLATERAL, COMMERCIAL BANKS, COMPARATIVE ECONOMICS, CONTRACT ENFORCEABILITY, COOPERATIVE BANKS, CORRUPTION, CREDIT ACCESS, CREDIT DISBURSEMENT, CREDIT EXPANSION, CREDIT INCREASE, CREDIT MARKET, CREDIT MARKETS, CREDIT RATIONING, CURRENCY, CUSTOMS, DEED, DEEDS, DEPENDENT, DIGITIZATION, DISBURSEMENT, ECONOMIC CONDITIONS, ECONOMIC DEVELOPMENT, ECONOMIC EFFICIENCY, ECONOMIC HISTORY, ECONOMIC OUTCOMES, ECONOMIC PERFORMANCE, ECONOMIC STRUCTURE, ELECTRONIC FORM, ENCUMBRANCE, ENCUMBRANCES, ENFORCEMENT POWER, ESTATE, EXPROPRIATION, FINANCE CORPORATION, FINANCIAL INSTRUMENTS, FINANCIAL MARKET, FINANCIAL MARKETS, FINANCIAL SECTOR, FORECLOSURE, GDP, HOUSING, HUMAN CAPITAL, HUMAN INTERACTION, ILLIQUID WEALTH, IMMOVABLE PROPERTY, INEFFICIENCY, INFORMATION TECHNOLOGY, INSPECTION, INSTITUTION, INSTITUTIONAL ARRANGEMENTS, INSTRUMENT, INTERNATIONAL BANK, INTERNATIONAL FINANCE, INVESTMENT OPPORTUNITIES, LABOR MARKETS, LAND AS COLLATERAL, LAND OWNERSHIP, LAND POLICIES, LAND POLICY, LAND RECORDS, LAND REGISTRIES, LAND REGISTRY, LAND REGISTRY OFFICES, LAND TAXES, LAND TENURE, LAND TITLING, LAND VALUES, LAWS, LEGAL EXPERTS, LEGAL REFORM, LENDERS, LEVY, LIENS, LOAN, LOAN APPLICATIONS, LOAN APPROVAL, LOAN PORTFOLIO, LOAN PROCESSING, MARKET DEVELOPMENT, MARKET VALUE, MORTGAGES, NEOCLASSICAL ECONOMICS, OWNERSHIP INFORMATION, PERFECT INFORMATION, POLITICAL ECONOMY, POSITIVE COEFFICIENT, POSITIVE EFFECTS, PRIVATE SECTOR, PRIVATE SECTOR BANKS, PRODUCTIVITY, PROPERTY OWNERSHIP, PROPERTY REGISTRIES, PROPERTY RIGHTS, PROPERTY TRANSACTIONS, PROPERTY TRANSFERS, PROPERTY VALUES, PROVISION OF CREDIT, PUBLIC POLICY, PUBLIC REGISTRY, PUBLIC SPENDING, REGISTRATION FEE, REGISTRATION PROCESSES, REGISTRY OFFICE, REGISTRY OFFICES, REGISTRY REFORM, REGISTRY SYSTEM, REGISTRY SYSTEMS, REGULATORY REFORM, REGULATORY REFORMS, RELIABILITY, RESERVE, RESERVE BANK, RESERVE BANK OF INDIA, RESIDUAL CLAIM, RESULT, RESULTS, RISK AVERSION, ROLE OF INSTITUTIONS, RURAL DEBTS, SETTLEMENT, SOCIAL RELATIONS, STAMP DUTIES, STAMP DUTY, STAMP DUTY RATES, STANDARDIZATION, SUPPLY OF CREDIT, SURCHARGES, TAX, TAX OBLIGATIONS, TAX REVENUE, TAXATION, TIME PERIOD, TITLE, TITLES, TOTAL COSTS, TRANSACTION, TRANSACTION COST, TRANSACTION COSTS, TRANSACTION VOLUME, TRANSFER OF PROPERTY, TRANSPARENCY, UNDERVALUATION, USE OF COLLATERAL, USERS, USES, VALUATION, VALUATIONS, WEB