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Land and Macroeconomics

Prasad Bhattacharya ()

No GRU_2020_018, GRU Working Paper Series from City University of Hong Kong, Department of Economics and Finance, Global Research Unit

Abstract: This chapter sheds light on important relationships between land and macroeconomics. Given the broad nature of the topic involving land and macroeconomics to be discussed within a chapter, we pin down our attention on three related themes. In the first theme, we highlight how land influences macroeconomic variables like economic growth and development in the rural context. The second theme presents an overview of land dynamics on macroeconomics within the urban setup. Finally, we lay out new empirical evidence analysing how major land reforms in the world where end-users rights on land were transferred to the beneficiaries could usher in enhanced development through urbanization. The chapter concludes with pertinent policy choices and suggestions for future research.

Keywords: Rural land; urban land; property rights; land tenure; end-user rights; urbanization (search for similar items in EconPapers)
JEL-codes: O11 O18 O47 Q15 (search for similar items in EconPapers)
Pages: 32 pages
Date: 2020-07-08
New Economics Papers: this item is included in nep-agr
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