Rethinking the Economics of Land and Housing

Rethinking the Economics of Land and Housing
Author: Josh Ryan-Collins
Publisher: Zed Books Ltd.
Total Pages: 306
Release: 2017-02-28
Genre: Business & Economics
ISBN: 1786991217

Why are house prices in many advanced economies rising faster than incomes? Why isn’t land and location taught or seen as important in modern economics? What is the relationship between the financial system and land? In this accessible but provocative guide to the economics of land and housing, the authors reveal how many of the key challenges facing modern economies - including housing crises, financial instability and growing inequalities - are intimately tied to the land economy. Looking at the ways in which discussions of land have been routinely excluded from both housing policy and economic theory, the authors show that in order to tackle these increasingly pressing issues a major rethink by both politicians and economists is required.

Zoning Rules!

Zoning Rules!
Author: William A. Fischel
Publisher:
Total Pages: 416
Release: 2015
Genre: Electronic books
ISBN: 9781558442887

"Zoning has for a century enabled cities to chart their own course. It is a useful and popular institution, enabling homeowners to protect their main investment and provide safe neighborhoods. As home values have soared in recent years, however, this protection has accelerated to the degree that new housing development has become unreasonably difficult and costly. The widespread Not In My Backyard (NIMBY) syndrome is driven by voters’ excessive concern about their home values and creates barriers to growth that reach beyond individual communities. The barriers contribute to suburban sprawl, entrench income and racial segregation, retard regional immigration to the most productive cities, add to national wealth inequality, and slow the growth of the American economy. Some state, federal, and judicial interventions to control local zoning have done more harm than good. More effective approaches would moderate voters’ demand for local-land use regulation—by, for example, curtailing federal tax subsidies to owner-occupied housing"--Publisher's description.

The Cost of Land Use Decisions

The Cost of Land Use Decisions
Author: Edwin Buitelaar
Publisher: John Wiley & Sons
Total Pages: 208
Release: 2008-04-15
Genre: Business & Economics
ISBN: 0470691484

This important new book tackles the ongoing debate between market and government in planning. By applying transaction cost economics to an evaluation of land use systems, the author provides a fresh angle and a useful contribution to a growing field of study for researchers in urban planning, public administration and land economics. The book explains the relevance of the cost of land use decisions to planning practice and analyses institutions and transaction costs. The author offers evidence from three systematic empirical studies with detailed analyses of the planning of Nijmegen - Holland being known for its plan-led development; Bristol - where the UK planning system is characterised by being development-led and discretionary; and Houston - generally regarded as the city with no planning at all.

Economics, Real Estate and the Supply of Land

Economics, Real Estate and the Supply of Land
Author: Alan W. Evans
Publisher: John Wiley & Sons
Total Pages: 272
Release: 2008-04-30
Genre: Business & Economics
ISBN: 0470698322

The book draws together the economic literature relating to the supply of land for development. The standard view appears to be that the owners of land have no interest other than to allow their land to be used for the activity which would yield the highest income. But in reality this is not so and the book's aim is to demonstrate this, to set out the reasons and to show the economic effects of the fact that landowners have other motives. The book covers the supply of land for urban development and shows how land has characteristics which differentiate it from other factors of production which will also affect its supply for some uses, e.g. land is fixed in location and its price and value are inseparable from where it is. New light is cast on the market for land (by concentrating on the supply side), and on land use planning (by taking an economic viewpoint).

Analyzing Land Readjustment

Analyzing Land Readjustment
Author: Yu-hung Hong
Publisher:
Total Pages: 228
Release: 2007
Genre: Business & Economics
ISBN:

In this book, the authors argue for instigated property exchange--a concept applied in a land-assembly method commonly known in the literature as land readjustment.

Economics of Land Degradation and Improvement – A Global Assessment for Sustainable Development

Economics of Land Degradation and Improvement – A Global Assessment for Sustainable Development
Author: Ephraim Nkonya
Publisher: Springer
Total Pages: 695
Release: 2015-11-11
Genre: Business & Economics
ISBN: 3319191683

This volume deals with land degradation, which is occurring in almost all terrestrial biomes and agro-ecologies, in both low and high income countries and is stretching to about 30% of the total global land area. About three billion people reside in these degraded lands. However, the impact of land degradation is especially severe on livelihoods of the poor who heavily depend on natural resources. The annual global cost of land degradation due to land use and cover change (LUCC) and lower cropland and rangeland productivity is estimated to be about 300 billion USD. Sub-Saharan Africa (SSA) accounts for the largest share (22%) of the total global cost of land degradation. Only about 38% of the cost of land degradation due to LUCC - which accounts for 78% of the US$300 billion loss – is borne by land users and the remaining share (62%) is borne by consumers of ecosystem services off the farm. The results in this volume indicate that reversing land degradation trends makes both economic sense, and has multiple social and environmental benefits. On average, one US dollar investment into restoration of degraded land returns five US dollars. The findings of the country case studies call for increased investments into the rehabilitation and restoration of degraded lands, including through such institutional and policy measures as strengthening community participation for sustainable land management, enhancing government effectiveness and rule of law, improving access to markets and rural services, and securing land tenure. The assessment in this volume has been conducted at a time when there is an elevated interest in private land investments and when global efforts to achieve sustainable development objectives have intensified. In this regard, the results of this volume can contribute significantly to the ongoing policy debate and efforts to design strategies for achieving sustainable development goals and related efforts to address land degradation and halt biodiversity loss.

The Mystery of Capital

The Mystery of Capital
Author: Hernando De Soto
Publisher: Basic Books
Total Pages: 290
Release: 2007-03-20
Genre: Business & Economics
ISBN: 0465004016

A renowned economist argues for the importance of property rights in "the most intelligent book yet written about the current challenge of establishing capitalism in the developing world" (Economist) "The hour of capitalism's greatest triumph," writes Hernando de Soto, "is, in the eyes of four-fifths of humanity, its hour of crisis." In The Mystery of Capital, the world-famous Peruvian economist takes up one of the most pressing questions the world faces today: Why do some countries succeed at capitalism while others fail? In strong opposition to the popular view that success is determined by cultural differences, de Soto finds that it actually has everything to do with the legal structure of property and property rights. Every developed nation in the world at one time went through the transformation from predominantly extralegal property arrangements, such as squatting on large estates, to a formal, unified legal property system. In the West we've forgotten that creating this system is what allowed people everywhere to leverage property into wealth. This persuasive book revolutionized our understanding of capital and points the way to a major transformation of the world economy.