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Housing Finance and Inclusive Growth in Africa: Benchmarking, Determinants, and Effects

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dc.contributor.authorNguena, Christian-Lambert
dc.contributor.authorTchana Tchana, Fulbert
dc.contributor.authorZeufack, Albert G.
dc.date.accessioned2017-01-04T20:32:12Z
dc.date.available2017-01-04T20:32:12Z
dc.date.issued2016-12
dc.description.abstractUsing 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.en
dc.identifierhttp://documents.worldbank.org/curated/en/921351480963538993/Housing-finance-and-inclusive-growth-in-Africa-benchmarking-determinants-and-effects
dc.identifier.doi10.1596/1813-9450-7902
dc.identifier.urihttps://hdl.handle.net/10986/25801
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper;No. 7902
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjecthousing finance
dc.subjectinclusive growth
dc.subjectinequality
dc.subjectshared prosperity
dc.subjecturbanization
dc.subjectmarket capitalization
dc.subjectconflict
dc.titleHousing Finance and Inclusive Growth in Africaen
dc.title.subtitleBenchmarking, Determinants, and Effectsen
dc.typeWorking Paperen
dc.typeDocument de travailfr
dc.typeDocumento de trabajoes
dspace.entity.typePublication
okr.associatedcontenthttps://openknowledge.worldbank.org/handle/10986/35877 Journal article
okr.crossref.titleHousing Finance and Inclusive Growth in Africa: Benchmarking, Determinants, and Effects
okr.date.disclosure2016-12-04
okr.doctypePublications & Research
okr.doctypePublications & Research::Policy Research Working Paper
okr.docurlhttp://documents.worldbank.org/curated/en/921351480963538993/Housing-finance-and-inclusive-growth-in-Africa-benchmarking-determinants-and-effects
okr.guid921351480963538993
okr.identifier.doi10.1596/1813-9450-7902
okr.identifier.externaldocumentum090224b08477b45e_3_0
okr.identifier.internaldocumentum26997406
okr.identifier.reportWPS7902
okr.importedtrue
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/921351480963538993/pdf/WPS7902.pdfen
okr.region.administrativeAfrica
okr.region.geographicalSub-Saharan Africa
okr.statistics.combined2655
okr.statistics.dr921351480963538993
okr.statistics.drstats2036
okr.topicFinance and Financial Sector Development::Housing Finance
okr.topicPoverty Reduction::Achieving Shared Growth
okr.topicUrban Development::Urban Economic Development
okr.topicUrban Development::Urban Housing
okr.unitOff of Sr VP Dev Econ/Chief Econ (DECVP)
relation.isAuthorOfPublication83529956-4c02-5ee8-99c9-d6e9ab43f3a8
relation.isAuthorOfPublication.latestForDiscovery83529956-4c02-5ee8-99c9-d6e9ab43f3a8
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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