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- Title
Institutional work: how lenders transform land titles into collateral in urban Tanzania.
- Authors
Manara, Martina; Pani, Erica
- Abstract
We examine the 'institutional configuration' that makes land titles work as collateral in Tanzania's nascent credit market, through the 'institutional work' of local lenders. This work is effective and precarious: while lenders seek out and create institutional complementarities across diverse domains, they also require higher-level regulation to help stabilise land titles' fungibility as collateral. Our results contribute to knowledge on path-dependency, contingency and uneven trajectories in the property-credit nexus development, and advance understandings of institutional interdependencies and coevolution in the situated economy. By combining deep contextualisation and institutional analysis, we progress an empirical engagement with institutional research in economic geography.
- Subjects
TANZANIA; LAND titles; MONEYLENDERS; BOND market; COLLATERAL security; ECONOMIC research
- Publication
Journal of Economic Geography, 2023, Vol 23, Issue 6, p1213
- ISSN
1468-2702
- Publication type
Article
- DOI
10.1093/jeg/lbad019