Housing Finance and Inclusive Growth in Africa: Benchmarking, Determinants and Effects
| Autor: | Fulbert Tchana Tchana, Albert Zeufack, Christian Lambert Nguena |
|---|---|
| Rok vydání: | 2021 |
| Předmět: |
Finance
Market capitalization Inequality business.industry media_common.quotation_subject 05 social sciences 0507 social and economic geography Benchmarking Inclusive growth 050701 cultural studies Long terms Supply and demand INCLUSIVE GROWTH Economic inequality Urbanization HOUSING FINANCE Economics business General Economics Econometrics and Finance SHARED PROSPERITY media_common |
| Zdroj: | Housing Finance and Inclusive Growth in Africa: Benchmarking, Determinants, and Effects |
| ISSN: | 1743-517X 1016-8737 |
| DOI: | 10.1080/10168737.2021.1916774 |
| Popis: | Using a partially constructed panel database of 48 Sub-Saharan African countries from 2000 to 2013, this paper analyzes the structure of housing finance in Africa, its determinants, and its impact on inclusive growth. The findings show that market capitalization and urbanization are key positive determinants of housing finance, and the post-conflict environment is conductive to greater housing finance development. This result suggests that housing finance is driven by standard market forces of demand and supply. In addition, the analysis finds that housing finance development in Africa is not yet an effective tool for reducing economic inequality, at its current, very early stage. However, the paper shows that above a given threshold, housing finance could be efficient at reducing inequality. Finally, there is a slightly positive relationship between housing finance and greater economic development in Africa. All these findings suggest that policies to boost housing finance development in Africa would be fruitful in the medium to long terms. |
| Databáze: | OpenAIRE |
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