Housing Finance and Inclusive Growth in Africa : Benchmarking, Determinants, and Effects
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...
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World Bank, Washington, DC
2017
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| Online Access: | http://documents.worldbank.org/curated/en/921351480963538993/Housing-finance-and-inclusive-growth-in-Africa-benchmarking-determinants-and-effects http://hdl.handle.net/10986/25801 |
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okr-10986-258012021-06-30T19:28:11Z Housing Finance and Inclusive Growth in Africa : Benchmarking, Determinants, and Effects Nguena, Christian-Lambert Tchana Tchana, Fulbert Zeufack, Albert G. housing finance inclusive growth inequality shared prosperity urbanization market capitalization conflict 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. 2017-01-04T20:32:12Z 2017-01-04T20:32:12Z 2016-12 Working Paper http://documents.worldbank.org/curated/en/921351480963538993/Housing-finance-and-inclusive-growth-in-Africa-benchmarking-determinants-and-effects http://hdl.handle.net/10986/25801 English en_US Policy Research Working Paper;No. 7902 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Policy Research Working Paper Africa Sub-Saharan Africa |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
housing finance inclusive growth inequality shared prosperity urbanization market capitalization conflict |
| spellingShingle |
housing finance inclusive growth inequality shared prosperity urbanization market capitalization conflict Nguena, Christian-Lambert Tchana Tchana, Fulbert Zeufack, Albert G. Housing Finance and Inclusive Growth in Africa : Benchmarking, Determinants, and Effects |
| geographic_facet |
Africa Sub-Saharan Africa |
| relation |
Policy Research Working Paper;No. 7902 |
| description |
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. |
| format |
Working Paper |
| author |
Nguena, Christian-Lambert Tchana Tchana, Fulbert Zeufack, Albert G. |
| author_facet |
Nguena, Christian-Lambert Tchana Tchana, Fulbert Zeufack, Albert G. |
| author_sort |
Nguena, Christian-Lambert |
| title |
Housing Finance and Inclusive Growth in Africa : Benchmarking, Determinants, and Effects |
| title_short |
Housing Finance and Inclusive Growth in Africa : Benchmarking, Determinants, and Effects |
| title_full |
Housing Finance and Inclusive Growth in Africa : Benchmarking, Determinants, and Effects |
| title_fullStr |
Housing Finance and Inclusive Growth in Africa : Benchmarking, Determinants, and Effects |
| title_full_unstemmed |
Housing Finance and Inclusive Growth in Africa : Benchmarking, Determinants, and Effects |
| title_sort |
housing finance and inclusive growth in africa : benchmarking, determinants, and effects |
| publisher |
World Bank, Washington, DC |
| publishDate |
2017 |
| url |
http://documents.worldbank.org/curated/en/921351480963538993/Housing-finance-and-inclusive-growth-in-Africa-benchmarking-determinants-and-effects http://hdl.handle.net/10986/25801 |
| _version_ |
1764460183694606336 |