Location, Location, Location Revisited: Evidence from Antananarivo, Madagascar

Atsushi Iimi

No 8958, Policy Research Working Paper Series from The World Bank

Abstract: Understanding how land prices are determined is of particular importance for policy makers; however, there is little evidence in African countries, which are currently experiencing rapid urbanization. The paper examines the relationship between land prices and locational characteristics using data from Antananarivo, the capital of Madagascar. It is found that the land value gradients are relatively steep, indicating that the land and housing prices tend to overshoot in the middle of the city, pushing the poor away from the city to suburban areas. It is also found that access to transport infrastructure and services, such as minibuses, is an important determinant of land value. Not only transport connectivity, but also other factors, such as proximity to amenities and administrative centers, are found to be important. Better land management and urban transport policies are called for to promote these aspects in the city.

Keywords: Transport Services; Urban Housing and Land Settlements; Urban Housing; Urban Governance and Management; Municipal Management and Reform; Natural Disasters (search for similar items in EconPapers)
Date: 2019-08-06
New Economics Papers: this item is included in nep-geo and nep-ure
References: Add references at CitEc
Citations:

Downloads: (external link)
http://documents.worldbank.org/curated/en/32526156 ... arivo-Madagascar.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:wbk:wbrwps:8958

Access Statistics for this paper

More papers in Policy Research Working Paper Series from The World Bank 1818 H Street, N.W., Washington, DC 20433. Contact information at EDIRC.
Bibliographic data for series maintained by Roula I. Yazigi ().