A Tractable Circular City Model with an Application to the Effects of Development Constraints on Land Rents

Author(s):  
Satyajit Chatterjee ◽  
Burcu Eyigungor
Keyword(s):  
Economies ◽  
2021 ◽  
Vol 9 (2) ◽  
pp. 61
Author(s):  
Shulu Che ◽  
Ronald Ravinesh Kumar ◽  
Peter J. Stauvermann

In this paper, we theoretically analyze the effects of three types of land taxes on economic growth using an overlapping generation model in which land can be used for production or consumption (housing) purposes. Based on the analyses in which land is used as a factor of production, we can confirm that the taxation of land will lead to an increase in the growth rate of the economy. Particularly, we show that the introduction of a tax on land rents, a tax on the value of land or a stamp duty will cause the net price of land to decline. Further, we show that the nationalization of land and the redistribution of the land rents to the young generation will maximize the growth rate of the economy.


1992 ◽  
Vol 10 (3) ◽  
pp. 245-264 ◽  
Author(s):  
S Krätke

In this paper the urban real estate market is dealt with in the context of broad societal changes. Particular restructuring processes, such as the social and economic polarization between urban regions and the uncoupling of the spheres of production and financial investments, are leading to a rehierarchization of urban land markets and significant changes in the formation of urban land rents. The restructuring of urban land markets is demonstrated with empirical data on cities in West Germany. Against this background the author pleads for a partial reformulation of urban rent theory.


2018 ◽  
Vol 7 (3) ◽  
pp. 73-80 ◽  
Author(s):  
Longyu Zhang ◽  
Sifeng Chen ◽  
Haiwei Dong ◽  
Abdulmotaleb El Saddik
Keyword(s):  

1977 ◽  
Vol 21 (4) ◽  
pp. 531-534 ◽  
Author(s):  
K. A. Brakke ◽  
N. R. Zitron
Keyword(s):  

2018 ◽  
Vol 10 (4) ◽  
pp. 344-374 ◽  
Author(s):  
Maximilian v. Ehrlich ◽  
Tobias Seidel

Using a natural experiment, we show that temporary place-based subsidies generate persistent effects on economic density. The spatial regression discontinuity design controls for continuous local agglomeration externalities, so we attribute an important role to capital formation in explaining persistent spatial patterns of economic activity. This persistence is driven by higher local public investment levels, which local governments could maintain after the end of the program because of a persistently higher tax base. We also find evidence for significant local relocation of economic activity, which raises doubts that the net effect of the policy is positive. Finally, we show that transfers have capitalized in land rents such that pretreatment landowners have benefited from the program. (JEL H71, H76, O18, R11, R12, R51, R58)


2016 ◽  
Vol 12 (2) ◽  
pp. 77-93 ◽  
Author(s):  
Leonidas Anthopoulos ◽  
Marijn Janssen ◽  
Vishanth Weerakkody

Smart cities have attracted an extensive and emerging interest from both science and industry with an increasing number of international examples emerging from all over the world. However, despite the significant role that smart cities can play to deal with recent urban challenges, the concept has been being criticized for not being able to realize its potential and for being a vendor hype. This paper reviews different conceptualization, benchmarks and evaluations of the smart city concept. Eight different classes of smart city conceptualization models have been discovered, which structure the unified conceptualization model and concern smart city facilities (i.e., energy, water, IoT etc.), services (i.e., health, education etc.), governance, planning and management, architecture, data and people. Benchmarking though is still ambiguous and different perspectives are followed by the researchers that measure -and recently monitor- various factors, which somehow exceed typical technological or urban characteristics. This can be attributed to the broadness of the smart city concept. This paper sheds light to parameters that can be measured and controlled in an attempt to improve smart city potential and leaves space for corresponding future research. More specifically, smart city progress, local capacity, vulnerabilities for resilience and policy impact are only some of the variants that scholars pay attention to measure and control.


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