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

Christian-Lambert Nguena, Fulbert Tchana Tchana & Albert G. Zeufack (2021): Housing Finance and Inclusive Growth in Africa: Benchmarking, Determinants and Effects, International Economic Journal, DOI: 10.1080/10168737.2021.1916774

30 Pages Posted: 5 May 2021

See all articles by Christian-Lambert Nguena

Christian-Lambert Nguena

University of Dschang - FSEG; Association of African Young Economists (AAYE); Research in Applied Micro and Macroeconomy (REMA)

Fulbert Tchana Tchana

affiliation not provided to SSRN

Albert Zeufack

affiliation not provided to SSRN

Multiple version iconThere are 2 versions of this paper

Date Written: April 28, 2021

Abstract

Using a panel database of 48 Sub-Saharan African countries from 2000 to 2012 that we partially constructed, this paper analyses the structure of housing finance in Africa, its determinants, and its impact on inclusive growth. We find that market capitalization and urbanization are key positive determinants of housing finance, while a post-conflict environment is conducive to greater housing finance development. This result suggests that housing finance is driven by standard market forces of demand and supply. Besides, we find that housing finance development in Africa is not yet an effective tool for reducing economic inequality, at its current, very earlier stage. However, we show 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.

Keywords: Housing finance, Sub-Saharan Africa, Inclusive growth, Shared prosperity

JEL Classification: G21, R1, O4

Suggested Citation

Nguena, Christian-Lambert and Tchana Tchana, Fulbert and Zeufack, Albert, Housing Finance and Inclusive Growth in Africa: Benchmarking, Determinants and Effects (April 28, 2021). Christian-Lambert Nguena, Fulbert Tchana Tchana & Albert G. Zeufack (2021): Housing Finance and Inclusive Growth in Africa: Benchmarking, Determinants and Effects, International Economic Journal, DOI: 10.1080/10168737.2021.1916774, Available at SSRN: https://ssrn.com/abstract=3839427

Christian-Lambert Nguena (Contact Author)

University of Dschang - FSEG ( email )

Dschang
Cameroon

Association of African Young Economists (AAYE) ( email )

PB BOX: 959
Yaounde, Centre 237
Cameroon

Research in Applied Micro and Macroeconomy (REMA) ( email )

Avenue Foch. PO BOX: 14442
Yaounde, Centre 237
Cameroon

Fulbert Tchana Tchana

affiliation not provided to SSRN

Albert Zeufack

affiliation not provided to SSRN

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
5
Abstract Views
83
PlumX Metrics