Property Tax and Land Use: Evidence from the 1990s reforms in Japan

Tomomi Miyazaki and Motohiro Sato

Discussion papers from Research Institute of Economy, Trade and Industry (RIETI)

Abstract: This paper examines the effects of property tax reforms at the beginning of the 1990s in Japan through theoretical and empirical investigation. Preferential treatment of farmland in the center of cities and inner suburbs is not favorable because it may hinder changing such land into residential areas and henceforth deter urbanization. We utilize a natural experiment provided by the aforementioned reforms. The results reveal that the proportion of farmland that might have impeded urbanization decreased after the reforms in major cities within metropolitan areas. However, landlords did not necessarily replace all of the land with housing lots, suggesting that the government should have conducted the reforms in a way to promote more conversion.

Pages: 48 pages
Date: 2018-10
New Economics Papers: this item is included in nep-acc, nep-pbe and nep-ure
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.rieti.go.jp/jp/publications/dp/18e072.pdf (application/pdf)

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:eti:dpaper:18072

Access Statistics for this paper

More papers in Discussion papers from Research Institute of Economy, Trade and Industry (RIETI) Contact information at EDIRC.
Bibliographic data for series maintained by TANIMOTO, Toko ().