INSTITUTIONAL AND LEGAL MODEL FOR THE INVOLVEMENT OF LAND RESOURCES IN ECONOMIC TURNOVER THROUGH A SYSTEM OF LAND BANKS (THE CASE OF UZBEKISTAN)
DOI:
https://doi.org/10.55640/Keywords:
land bank, land mortgage, land market, pledge right, territorial development, cooperative lending, land reforms.Abstract
The article analyzes mechanisms for the involvement of land plots and land rights in economic turnover in the context of land reforms in the Republic of Uzbekistan. It is substantiated that the development of the institution of land mortgage cannot be limited solely to lending secured by land, but requires the formation of a special institutional system including land banks, valuation institutions, insurance mechanisms, land market operators, cooperative lending, and educational infrastructure. A land bank is considered not as a commercial bank, but as a specialized institution providing financial support for territorial development. The main principles of land bank activity, risk management mechanisms, and its interrelation with monetary policy are disclosed.
Downloads
References
1. Alston, L. J., & Libecap, G. D. (1996). The determinants and impact of property rights: land tenure reform in the Brazilian Amazon. Journal of Law and Economics, 39(1), 1–29.
2. Binswanger, H. P., & Rosenzweig, M. R. (1986). Behavioral and material determinants of production relations in agriculture. Journal of Development Studies, 22(3), 503–539.
3. Deininger, K. (2003). Land policies for growth and poverty reduction: a world bank policy research report. The World Bank.
4. Deininger, K., & Feder, G. (2009). Land registration, governance, and development: evidence and implications for policy. The World Bank Research Observer, 24(2), 233–266.
5. De Soto, H. (2000). The Mystery of Capital: Why Capitalism Triumphs in the West and Fails Everywhere Else. Basic Books.
6. FAO. (2017). Voluntary Guidelines on the Responsible Governance of Tenure (VGGT). Food and Agriculture Organization of the United Nations.
7. Feder, G., & Nishio, A. (1999). The benefits of land registration and titling: economic and social perspectives. Land Use Policy, 15(1), 25–43.
8. German Federal Ministry of Food and Agriculture (BMEL). (2021). Agricultural finance and the role of Rentenbank (policy paper). Berlin, Germany: BMEL Publications.
9. Hodgson, G. M. (2006). What are institutions? Journal of Economic Issues, 40(1), 1–25.
10. International Fund for Agricultural Development (IFAD). (2019). Rural Development Report 2019: Creating Opportunities for Rural Youth. IFAD.
11. Jensen, R. T., & Miller, N. H. (2008). Land titling in the developing world: recent experience and implications. Journal of Economic Perspectives, 22(3), 127–146.
12. North, D. C. (1990). Institutions, Institutional Change and Economic Performance. Cambridge University Press.
13. Organisation for Economic Co-operation and Development (OECD). (2020). Agricultural Policy Monitoring and Evaluation 2020: Addressing the Challenges Facing the Agri-food Sector. OECD Publishing.
14. Rosen, S. (1974). Hedonic prices and implicit markets: product differentiation in pure competition. Journal of Political Economy, 82(1), 34–55.
15. Schneider, J. (2014). Land Policies: Guiding Principles for the Sustainable Use of Land Resources. FAO Land Tenure Studies.
16. Smolka, M. O., Rivas, A., & Simioni, M. (2019). Urban Land Markets: Improving Land Management for Successful Cities. Lincoln Institute of Land Policy.
17. United Nations Economic Commission for Europe (UNECE). (2018). Guidelines on Registering Rights in Immovable Property and Land-Related Rights. UNECE.
Downloads
Published
Issue
Section
License

This work is licensed under a Creative Commons Attribution 4.0 International License.
Authors retain the copyright of their manuscripts, and all Open Access articles are disseminated under the terms of the Creative Commons Attribution License 4.0 (CC-BY), which licenses unrestricted use, distribution, and reproduction in any medium, provided that the original work is appropriately cited. The use of general descriptive names, trade names, trademarks, and so forth in this publication, even if not specifically identified, does not imply that these names are not protected by the relevant laws and regulations.

Germany
United States of America
Italy
United Kingdom
France
Canada
Uzbekistan
Japan
Republic of Korea
Australia
Spain
Switzerland
Sweden
Netherlands
China
India