Increase in the Value Added of Land Due to the Establishment of Industrial Parks

Vaida Vabuolytė, Marija Burinskienė, Sílvia Sousa, Olga Petrakovska, Mykola Trehub and Michela Tiboni
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Vaida Vabuolytė: Department of Roads, Faculty of Environmental Engineering, Vilnius Gediminas Technical University, LT-10223 Vilnius, Lithuania
Marija Burinskienė: Department of Roads, Faculty of Environmental Engineering, Vilnius Gediminas Technical University, LT-10223 Vilnius, Lithuania
Sílvia Sousa: CITTA Research Centre for Territory, Transports and Environment, Department of Civil Engineering, Faculty of Engineering, University of Porto, 4200-465 Porto, Portugal
Olga Petrakovska: Department of Land Management and Cadastre, Faculty of GIS and Territories Management, Kyiv National University of Construction and Architecture, 03037 Kyiv, Ukraine
Mykola Trehub: Department of Geodesy, Faculty of Construction, Dnipro University of Technology, 49005 Dnipro, Ukraine
Michela Tiboni: Department of Civil, Environmental, Architectural Engineering and Mathematics DICATAM, University of Brescia, 25123 Brescia, Italy

Sustainability, 2021, vol. 13, issue 15, 1-20

Abstract: Industrial parks (IPs) are a frequently used regional policy tool to increase economic viability and social equality. Successful functioning of such areas can increase land use efficiency and, by attracting investment, create high added value nationwide. However, the creation of IPs requires significant initial investments in the installation of their infrastructure and the preparation of plots of land, which is often realized through public financial instruments. The overall objective of the research is to present the different strategies for IP development in three different countries’ economies, to discuss the outputs and added value created by such areas, and to provide insights and suggestions for the planning and development of efficient industrial land as well as to increase its value in the developing and middle-income countries. To achieve these aims, the authors of the research present and analyze IP development practices and policy tools in the developed countries of Lithuania and Portugal, and provide suggestions for the developing country of Ukraine. In this study, the authors use statistical and spatial GIS and economic data, and analyze and compare them. The results show that IPs are being developed all over Europe and the world, but each country is creating its own legal framework and appropriate incentives for companies operating in these areas, so the performance of such areas varies a great deal.

Keywords: industrial parks; free economic zones; industrial land use; tools of land value capture; policy assessment (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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