Land Titling and Mortgage Right and Its Impact on Financial Deepening, Investment and Economic Growth in East Java

DOI

10.2991/aebmr.k.200606.058How to use a DOI?

Keywords

PTSL, mortgage, financial deepening, investment, economic growth, TSLS

Abstract

This paper aimed at analysing the impact of a Complete Systematic Land Titling (PTSL) and mortgage rights on financial deepening, investment and economic growth in East Java. This study utilized secondary data of 38 regencies/cities in East Java in 2017-2018. The method used was the simultaneous equation model with TSLS approach. Endogenous variables in this study were financial deepening, investment and economic growth, while the exogenous variables used were land titling, mortgage rights, loan interest rates, income per capita, infrastructure expenditure to RGDP ratio, average length of schooling and labour. The results of this study indicated that land titling had a significant effect on financial deepening but it did not affect investment. Furthermore, mortgage rights had a significant effect on financial deepening and investment. Moreover, land titling and mortgage rights through financial deepening and investment had a significant effect on economic growth in East Java.

Copyright

© 2020, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Fauzi Hajar
AU  - Ghozali Maski
AU  - Dias Satria
PY  - 2020
DA  - 2020/06/09
TI  - Land Titling and Mortgage Right and Its Impact on Financial Deepening, Investment and Economic Growth in East Java
BT  - Proceedings of the 23rd Asian Forum of Business Education(AFBE 2019)
PB  - Atlantis Press
SP  - 333
EP  - 337
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.200606.058
DO  - 10.2991/aebmr.k.200606.058
ID  - Hajar2020
ER  -