IDEAS home Printed from https://ideas.repec.org/a/sae/urbstu/v44y2007i1p147-165.html
   My bibliography  Save this article

Informal Urban Property Markets and Poverty Alleviation: A Conceptual Framework

Author

Listed:
  • Manya M. Mooya

    (Department of Construction Economics and Management, University of Cape Town, Private Bag 7701, Rondebosch, Cape Town, Cape Town 7701, South Africa, manya.mooya@uct.ac.za)

  • Chris E. Cloete

    (Department of Construction Economics, University of Pretoria, Hillcrest, Pretoria 0002, South Africa, chris.cloete@up.ac.za)

Abstract

In the context of increasing urbanisation, growth of informal settlements and the urbanisation of poverty, this article suggests a conceptual framework to link urban informal property markets and poverty alleviation. Using conceptual tools of the new institutional economics, principally theories of transaction costs and property rights, the framework describes theoretical conditions under which property markets may be a mechanism for capital accumulation for the urban poor. The article highlights knowledge gaps in the literature and argues that the institutional approach holds the most promise for analysing the interface between informal property markets and poverty alleviation.

Suggested Citation

  • Manya M. Mooya & Chris E. Cloete, 2007. "Informal Urban Property Markets and Poverty Alleviation: A Conceptual Framework," Urban Studies, Urban Studies Journal Limited, vol. 44(1), pages 147-165, January.
    • Handle: RePEc:sae:urbstu:v:44:y:2007:i:1:p:147-165
    DOI: 10.1080/00420980601032498
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.1080/00420980601032498
    Download Restriction: no
    File URL: https://libkey.io/10.1080/00420980601032498?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Deininger, Klaus & Binswanger, Hans, 1999. "The Evolution of the World Bank's Land Policy: Principles, Experience, and Future Challenges," The World Bank Research Observer, World Bank, vol. 14(2), pages 247-276, August.
    2. John M. Clapp & Walter Dolde & Dogan Tirtiroglu, 1995. "Imperfect Information and Investor Inferences From Housing Price Dynamics," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 23(3), pages 239-269, September.
    3. Eamonn D'Arcy & Geoffrey Keogh, 1999. "The Property Market and Urban Competitiveness: A Review," Urban Studies, Urban Studies Journal Limited, vol. 36(5-6), pages 917-928, May.
    4. Adarkwah Antwi & John Adams, 2003. "Economic rationality and informal urban land transactions in Accra, Ghana," Journal of Property Research, Taylor & Francis Journals, vol. 20(1), pages 67-90, January.
    5. Jean O. Lanjouw & Philip I. Levy, 2002. "Untitled: A Study of Formal and Informal Property Rights in Urban Ecuador," Economic Journal, Royal Economic Society, vol. 112(482), pages 986-1019, October.
    6. Gershon Feder & Tongroj Onchan, 1987. "Land Ownership Security and Farm Investment in Thailand," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 69(2), pages 311-320.
    7. Oliver E. Williamson, 2000. "The New Institutional Economics: Taking Stock, Looking Ahead," Journal of Economic Literature, American Economic Association, vol. 38(3), pages 595-613, September.
    8. Omar M. Razzaz, 1993. "Examining Property Rights and Investment in Informal Settlements: The Case of Jordan," Land Economics, University of Wisconsin Press, vol. 69(4), pages 341-355.
    9. Ronald H. Coase, 2000. "The new institutional economics," Chapters, in: Claude Ménard (ed.), Institutions, Contracts and Organizations, chapter 1, Edward Elgar Publishing.
    10. Annette M. Kim, 2004. "A market without the ‘right’ property rights," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 12(2), pages 275-305, June.
    11. repec:arz:wpaper:eres1996-102 is not listed on IDEAS
    12. Éamonn D'Arcy & Geoffrey Keogh, 1996. "Property Market Analysis: An Institutional Approach," ERES eres1996_102, European Real Estate Society (ERES).
    13. Stephen Pratten, 1997. "The Nature of Transaction Cost Economics," Journal of Economic Issues, Taylor & Francis Journals, vol. 31(3), pages 781-804, September.
    14. Deininger, Klaus & Chamorro, Juan Sebastian, 2004. "Investment and equity effects of land regularisation: the case of Nicaragua," Agricultural Economics, Blackwell, vol. 30(2), pages 101-116, March.
    15. repec:bla:ijurrs:v:24:y:2000:i:2:p:379-396 is not listed on IDEAS
    16. Crocker H. Liu & Terry V. Grissom & David J. Hartzell, 1990. "The Impact of Market Imperfections on Real Estate Returns and Optimal Investor Portfolios," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 18(4), pages 453-478, December.
    17. Ayse Pamuk, 2000. "Informal Institutional Arrangements in Credit, Land Markets and Infrastructure Delivery in Trinidad," International Journal of Urban and Regional Research, Wiley Blackwell, vol. 24(2), pages 379-496, June.
    18. Carole Rakodi, 1999. "A Capital Assets Framework for Analysing Household Livelihood Strategies: Implications for Policy," Development Policy Review, Overseas Development Institute, vol. 17(3), pages 315-342, September.
    19. Ann Varley, 2002. "Private or public: debating the meaning of tenure legalization," International Journal of Urban and Regional Research, Wiley Blackwell, vol. 26(3), pages 449-461, September.
    20. Moser, Caroline O. N., 1998. "The asset vulnerability framework: Reassessing urban poverty reduction strategies," World Development, Elsevier, vol. 26(1), pages 1-19, January.
    21. Craig Watkins, 1998. "Are new entrants to the residential property market informationally disadvantaged?," Journal of Property Research, Taylor & Francis Journals, vol. 15(1), pages 57-70, January.
    22. Feder, Gershon & Feeny, David, 1991. "Land Tenure and Property Rights: Theory and Implications for Development Policy," The World Bank Economic Review, World Bank, vol. 5(1), pages 135-153, January.
    23. Nee, Victor, 1998. "Norms and Networks in Economic and Organizational Performance," American Economic Review, American Economic Association, vol. 88(2), pages 85-89, May.
    24. Besley, Timothy, 1995. "Property Rights and Investment Incentives: Theory and Evidence from Ghana," Journal of Political Economy, University of Chicago Press, vol. 103(5), pages 903-937, October.
    25. Paul Vandenberg, 2002. "North's institutionalism and the prospect of combining theoretical approaches," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 26(2), pages 217-235, March.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Mona Fawaz, 2008. "An Unusual Clique of City‐Makers: Social Networks in the Production of a Neighborhood in Beirut (1950–75)," International Journal of Urban and Regional Research, Wiley Blackwell, vol. 32(3), pages 565-585, September.
    2. Antonia C. Settle, 2018. "The Informal Economy as a Site of Liquidity: Pakistan's Land Market," Development and Change, International Institute of Social Studies, vol. 49(5), pages 1291-1313, September.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Xu Guangdong, 2013. "Property Rights, Law, and Economic Development," The Law and Development Review, De Gruyter, vol. 6(1), pages 117-142, July.
    2. Daniel Ayalew Ali & Stefan Dercon & Madhur Gautam, 2011. "Property rights in a very poor country: tenure insecurity and investment in Ethiopia," Agricultural Economics, International Association of Agricultural Economists, vol. 42(1), pages 75-86, January.
    3. Jérémie GIGNOUX & Karen MACOURS & Liam WREN-LEWIS, 2015. "Impact of land administration programs on agricultural productivity and rural development: existing evidence, challenges and new approaches," Review of Agricultural and Environmental Studies - Revue d'Etudes en Agriculture et Environnement, INRA Department of Economics, vol. 96(3), pages 467-498.
    4. Tilman Br�ck, 2003. "Investment in Land, Tenure Security and Area Farmed in Northern Mozambique," HiCN Working Papers 01, Households in Conflict Network.
    5. Muñoz-Mora, Juan Carlos & Tobón, Santiago & d’Anjou, Jesse Willem, 2018. "The role of land property rights in the war on illicit crops: Evidence from Colombia," World Development, Elsevier, vol. 103(C), pages 268-283.
    6. Thanyaporn Chankrajang, 2015. "Partial Land Rights and Agricultural Outcomes: Evidence from Thailand," Land Economics, University of Wisconsin Press, vol. 91(1), pages 126-148.
    7. Munshifwa, Ephraim Kabunda, 2023. "Institutional analysis and informal urban settlements: A proposition for a new institutionalist grounded property rights perspective," Land Use Policy, Elsevier, vol. 134(C).
    8. Hanan Jacoby & Bart Minten, 2006. "Land Titles, Investment, and Agricultural Productivity in Madagascar : A Poverty and Social Impact Analysis," World Bank Publications - Reports 12661, The World Bank Group.
    9. Juan Carlos Mu�oz-Mora & Santiago Tob�n-Zapata & Jesse d'Anjou, 2014. "Does land titling matter? The role of land property rights in the war on illicit crops in Colombia," HiCN Working Papers 168, Households in Conflict Network.
    10. David Clark, 2005. "Towards a Unified Framework for Understanding the Depth, Breadth and Duration of Poverty," Economics Series Working Papers GPRG-WPS-020, University of Oxford, Department of Economics.
    11. Wang, Hui & Riedinger, Jeffrey & Jin, Songqing, 2015. "Land documents, tenure security and land rental development: Panel evidence from China," China Economic Review, Elsevier, vol. 36(C), pages 220-235.
    12. Thomas Vendryes, 2014. "Peasants Against Private Property Rights: A Review Of The Literature," Journal of Economic Surveys, Wiley Blackwell, vol. 28(5), pages 971-995, December.
    13. Emran, M. Shahe & Shilpi, Forhad, 2015. "Do Land Market Restrictions Hinder Structural Change in a Rural Economy? Evidence from Sri Lanka," MPRA Paper 66017, University Library of Munich, Germany.
    14. Macours, Karen, 2002. "Insecurity Of Property Rights And Matching In The Tenancy Market," 2002 Annual meeting, July 28-31, Long Beach, CA 19603, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    15. Sagar Hernández Chuliá, 2016. "La relación entre neoinstitucionalismo económico y sociológico," Revista de Economía Institucional, Universidad Externado de Colombia - Facultad de Economía, vol. 18(35), pages 123-149, July-Dece.
    16. Larson, Janelle M. & Smith, Stephen M. & Abler, David G. & Trivelli, Carolina, 2000. "Land Titling In Peru: Is It Fulfilling Its Promise?," 2000 Annual meeting, July 30-August 2, Tampa, FL 21809, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    17. Caio Piza & Mauricio José Serpa Barros de Moura, 2011. "How Does Land Title Affect Access to Credit? Empirical Evidence from an Emerging Economy," Working Paper Series 2211, Department of Economics, University of Sussex Business School.
    18. Mona Fawaz, 2008. "An Unusual Clique of City‐Makers: Social Networks in the Production of a Neighborhood in Beirut (1950–75)," International Journal of Urban and Regional Research, Wiley Blackwell, vol. 32(3), pages 565-585, September.
    19. Perego, Viviana M.E., 2019. "Crop prices and the demand for titled land: Evidence from Uganda," Journal of Development Economics, Elsevier, vol. 137(C), pages 93-109.
    20. Ghebru, Hosaena & Holden, Stein, 2013. "Links between Tenure Security and Food Security: Evidence from Ethiopia," CLTS Working Papers 2/13, Norwegian University of Life Sciences, Centre for Land Tenure Studies, revised 10 Oct 2019.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sae:urbstu:v:44:y:2007:i:1:p:147-165. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: SAGE Publications (email available below). General contact details of provider: http://www.gla.ac.uk/departments/urbanstudiesjournal .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.