Property Rights Security and the Profitability of Microenterprises: Analysis of Expropriation and Collateral Effects on Ghana*s Microenterprise Sector

Kaye-Essien, Charles Wharton

ISBN 10: 3848449021 / ISBN 13: 9783848449026

Published by LAP LAMBERT Academic Publishing, 2012

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Bibliographic Details

• Title: Property Rights Security and the Profitability of Microenterprises: Analysis of Expropriation and Collateral Effects on Ghana*s Microenterprise Sector
• Publisher: LAP LAMBERT Academic Publishing
• Publication Date: 2012
• Language: English
• ISBN 10: 3848449021
• ISBN 13: 9783848449026
• Binding: Paperback
• Condition: Like New
• Book Type: book

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Synopsis

The urban space economies of most developing nations are widely dominated by microenterprises whose contribution to national GDP cannot be overemphasized. Notwithstanding this contribution however, one notable institutional constraint they constantly face is the lack of permanent and secured locations for business operation. With limited or no access to personal stalls and markets, most microenterprises resort to the use of communal facilities such as pavements and streets, a situation that usually leads to expropriation by City Authorities. This paper investigates how such insecurity of property rights regarding location of business operation impacts on the profitability of microenterprises. The paper discusses the different forms of property rights security applicable to microenterprises, the contractual arrangements made possible by these forms as well as their effects on microenterprise profitability within the urban space. The outcome and recommendations of this paper are also useful for policy interventions in the microenterprise sector.

About the Author

Charles Wharton Kaye-Essien holds an MPA from the University of the Western Cape, South Africa and an MA in Development Management from the Ruhr University of Bochum, Germany. Aside being a regular conference speaker, he serves as the Executive Director of Minawat Consult in Accra, Ghana.