Description: Going Digital : Credit Effects of Land Registry Computerization in India

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Going Digital : Credit Effects of Land Registry Computerization in India

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...

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Bibliographic Details
Main Authors:	Deininger, Klaus, Goyal, Aparajita
Language:	English
Published:	2012
Subjects:	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
Online Access:	http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20100329110509 http://hdl.handle.net/10986/3740

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Summary:	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.