This chapter examines formal rural land rights in Thailand in relation to important political and economic outcomes. It begins with an overview of broad economic trends in Thailand since the 1960s, with particular emphasis on three important socioeconomic outcomes: growth, poverty alleviation, and income inequality. It then discusses three conceptual frameworks that link formalization of land rights to economic outcomes. Building on existing models that link land titling to economic growth, it also introduces an original political model that incorporates a security dimension. Finally, it considers the emergence of substantial land and credit markets in Thailand and presents findings showing strong and substantively significant interrelationships among land titling, credit expansion, and economic growth.
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