Land value capture: By whom and how

No AccessJun 2023Land value capture: By whom and howAuthors/Editors: Yue Li, Martin Rama, and Virgilio GaldoYue LiSearch for more papers by this author, Martin RamaSearch for more papers by this author, and Virgilio GaldoSearch for more papers by this authorhttps://doi.org/10.1596/978-1-4648-1833-2_ch6AboutView ChaptersPDF (1.1 MB) ToolsAdd to favoritesDownload CitationsTrack Citations ShareFacebookTwitterLinked In Abstract: Asserts that the economic surplus a locality generates increases significantly with urbanization. While the locality remains rural, most of the surplus remains associated with agricultural activities, but after it urbanizes, its better connectivity to markets, together with land development, and with service provision, typically results in diversified economic activity and much higher income levels. Who captures this gain over time remains critically important for the viability of a private city. Viability depends on financial considerations, as the returns of the private actor must at least compensate for the investments it made to develop the city. But it also depends on political considerations, as some stakeholders may lose, while others may consider that they did not get their fair share. This possibility appeared in the proposed analytical framework, which showed that urban outsourcing allows maximizing the surplus of the locality but benefits all stakeholders only if accompanied by significant redistribution. Previous chapterNext chapter FiguresreferencesRecommendeddetails View Published: June 2023ISBN: 978-1-4648-1833-2e-ISBN: 978-1-4648-1846-2 Copyright & Permissions Related CountriesBangladeshBoliviaChinaEgypt, Arab Rep.HondurasIndiaIndonesiaNigeriaPakistanSouth AfricaVietnamRelated TopicsCommunities & Human SettlementsGovernanceInfrastructure Economics and FinancePrivate Sector DevelopmentUrban Development KeywordsCASE STUDYPUBLIC-PRIVATE PARTNERSHIPSURBAN DEVELOPMENTLOCAL GOVERNMENTPRIVATIZATIONPRIVATE INVESTMENTNATIONAL URBAN POLICIESURBANIZATIONURBAN PLANNINGLAND VALUESECONOMIC DIVERSIFICATIONSURPLUSOUTSOURCINGPRIVATE CITIES PDF DownloadLoading ...