Modelling land development processes using a sample selection regression

Seung Gyu Kim and Roger Claassen

Applied Economics Letters, 2016, vol. 23, issue 9, 664-668

Abstract: Land value tax has been thoroughly scrutinized as a potential tool in mitigating urban sprawl. However, most studies that have measured the impact of land value tax on land development have focused mainly either on purely new development on vacant land, or on land development on partially developed land such as subdivision development. This study tries to incorporate these two types of residential development conceptually and empirically to make an accurate assessment of the impact of land value tax on land development.

Date: 2016
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DOI: 10.1080/13504851.2015.1095999

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