EconPapers    
Economics at your fingertips  
 

The Economic Efficiency of Urban Land Use with a Sequential Slack-Based Model in Korea

Yongrok Choi and Na Wang
Additional contact information
Yongrok Choi: Global E-governance Program, Inha University, Inharo100, Nam-gu, Incheon 402-751, Korea
Na Wang: Global E-governance Program, Inha University, Inharo100, Nam-gu, Incheon 402-751, Korea

Sustainability, 2017, vol. 9, issue 1, 1-12

Abstract: Since the inauguration of the government-led five year economic plans in the 1960s, Korea has achieved remarkable economic development. Korea’s economic strategy, known as ‘The Miracle on the Han River’, focused on heavy and chemical industries such as ship building and petrochemicals and was based on resource intensive urbanization. This rapid urban development caused a series of problems, such as over-development in urban areas, bottlenecks in utilities, and environmental degradation. Nevertheless, the Korean government has recently moved toward deregulation of the greenbelts of major city areas. Since very few studies have analyzed the urban land use economic efficiency (ULUEE) in Korea, this paper assesses the feasibility of recent deregulation policy concerning the greenbelts utilizing the sequential slack-based measure (SSBM) model under environmental constraints across 16 South Korean cities from 2006 to 2013. Our research makes three significant contributions to urbanization research. First, this paper uses an SSBM model to analyze the dynamic changes of urban land use economic efficiency in Korea at the regional level; Second, this paper analyzes factors influencing ULUEE in Korea, and the feasibility of the deregulation policies on the greenbelts; Third, this paper suggests more performance-oriented policy alternatives to improve the ULUEE and implement sustainable greenbelt management.

Keywords: urban land use economic efficiency (ULUEE); sequential slack-based measure (SSBM) model; green land policies; Korea (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2017
References: Add references at CitEc
Citations: View citations in EconPapers (6)

Downloads: (external link)
https://www.mdpi.com/2071-1050/9/1/79/pdf (application/pdf)
https://www.mdpi.com/2071-1050/9/1/79/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:gam:jsusta:v:9:y:2017:i:1:p:79-:d:87222

Access Statistics for this article

Sustainability is currently edited by Ms. Alexandra Wu

More articles in Sustainability from MDPI
Bibliographic data for series maintained by MDPI Indexing Manager (indexing@mdpi.com).

 
Page updated 2024-12-28
Handle: RePEc:gam:jsusta:v:9:y:2017:i:1:p:79-:d:87222