Infrastructural Providing of Capitalization of Land Resources

Oksana Sakal

Economics of Nature and the Environment, 2014, 60-63

Abstract: The content of the concept of capitalization of land, as well as factors determining the extent of capitalization of land resources, are analysed. The main trends of increasing the role of market infrastructure as to development of land capital are substantiated. In this connection, the essence of the infrastructural ensuring of the capitalization of land resources is defined. It is proved that the infrastructural ensuring of capitalization of land resources is a part of the market infrastructure of Ukrainian national economy, that is why the capitalization of lands is predetermined by their integration. The theoretical and methodological bases of public relations management concerning the lands in the identification of infrastructural ensuring of capitalization of land resources were developed. At the stage of formation of land capital, the infrastructural ensuring of land resources capitalization is called to perform organizational and ordering function, while in the phase of land functioning as the asset, it supports the sustainability of system's communications. The constituents of the sub-systems of the infrastructural ensuring of capitalization of lands with separation of participants of relations as to ownership and circulation of property rights and use of land resources were defined. Block composition of infrastructural ensuring of capitalization of land resources is represented by the following subsystems: normative and regulatory, organizational and technical, financial and credit, research and educational and informational support. Infrastructural ensuring of capitalization of land resources concerns the rules, processes, owners and institution - decision makers on land and provides in particular, a partnership of public authorities at the appropriate level and local owners of rights owning and using the land parcels, protection of their rights on profit, responsibility for the environmental, economic and social consequences of administrative decisions on land and other stakeholders (external to the territory or region investors), sustainable use of land and other natural resources, supporting local communities to promote the development of rural and other disadvantaged districts, creating favourable conditions for development and strengthening of local manufacture, social and economic growth. The above mentioned will serve as a basis for further research of externalities capitalization of land resources and justification of mechanisms of their internalization.

Date: 2014
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