SUSTAINABLE RESIDENTIAL REAL ESTATE DEVELOPMENT IN EMERGING DEVELOPMENTAL STATES: THE CASE OF ETHIOPIA

Daniel Tesfaw

AfRES from African Real Estate Society (AfRES)

Abstract: This paper explores the theoretical perspectives of sustainable real estate development in an emerging developmental state, taking Ethiopia as a case study. The paper argues that the contemporary notion of real estate development sets aside the developmental state political economy approach which allows government involvement in the sector; rather emphasis is given to the economic growth perspective that gives priority for the market interaction of demand and supply. This conceptual paper points out the main theoretical perspectives on sustainable residential real estate development that prevail in the contemporary world and their application in emerging economy developmental states. Taking this into consideration, the aim of this paper is to look at a sound residential real estate development perspective for the emerging economic developmental states political economy, which maintains sustainability and optimizing equity and efficacy. It also reveals the existing empirical research gaps in the area of residential real estate development practice, which contributes to sound decision and policy measures for harmonious and sustainable development in the area. The paper puts forward policy options as well as adding inputs on the inclusive sustainable real estate development approaches theoretical perspectives, which will be compatible for emerging developmental state political economy.

Keywords: developmental states; emerging economy; inclusive approach perspective; Residential Real Estate; Sustainable Development; the economic growth perspective (search for similar items in EconPapers)
JEL-codes: R3 (search for similar items in EconPapers)
Date: 2016-09-01
References: Add references at CitEc
Citations:

Downloads: (external link)
https://afres.architexturez.net/doc/oai-afres-id-afres2016-149 (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:afr:wpaper:afres2016_149

Access Statistics for this paper

More papers in AfRES from African Real Estate Society (AfRES) Contact information at EDIRC.
Bibliographic data for series maintained by Architexturez Imprints ().