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Felix N. Hammond and Yaw Adarkwah Antwi

Chapter 1 in Economic Analysis of Sub-Saharan Africa Real Estate Policies, 2010, pp 1-15 from Palgrave Macmillan

Abstract: Abstract Time was when economists blissfully ignored land/real estate in their propositions, considering it as a neutral element in the economic development process and hence warranting no serious attention (Hammond, 2006; Platteau, 1992; World Bank, 1975). Today, it is widely recognised that the omission of land/real estate in earlier development theories was a grave error that has derailed many otherwise sound economic policies (Hammond, 2006; Deininger, 2003). Perhaps the most critical dimension of real estate in the context of economic development is the policy and institutional arrangements that regulate the way it is acquired, owned, formalised, developed and used (Deininger, 2003; Antwi and Adam, 2003; Antwi, 2000). It is this dimension that ultimately determines the extent to which particular real estate parcels can be productively utilised, and that constitutes the main subject of study in this work.

Keywords: Real Estate; Poverty Alleviation; Real Estate Market; Extreme Poverty; Global Poverty (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-27499-0_1

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DOI: 10.1057/9780230274990_1

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