Leveraging land to enable urban transformation: lessons from global experience
Nancy Lozano-Gracia,
Cheryl Young,
Somik Lall and
Tara Vishwanath
No 6312, Policy Research Working Paper Series from The World Bank
Abstract:
Around the world, in both developed and developing countries, policy makers use a variety of tools to manage and accommodate urban growth and redevelopment. Government officials have three main concerns in terms of land policy: (i) accommodating urban expansion, (ii) providing infrastructure, and (iii) managing density. Together, the planning for infrastructure and urban expansion, land use, and density policies combine to shape the spatial structure of cities. This paper reviews global experience on using land based instruments to accommodate urban development and financing infrastructure. The review suggests that urban transformation is most efficient when land markets are fluid, particularly when they are grounded in strong institutions that (i) assign and protect property rights, (ii) enable independent valuation and public dissemination of land values across uses, and (iii) enable the judicial system to handle disputes that may arise in the process.
Keywords: Public Sector Management and Reform; Public Sector Economics; Municipal Financial Management; Regional Governance; Urban Governance and Management (search for similar items in EconPapers)
Date: 2013-01-01
New Economics Papers: this item is included in nep-ure
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Citations: View citations in EconPapers (15)
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Persistent link: https://EconPapers.repec.org/RePEc:wbk:wbrwps:6312
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