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Government Infrastructure Investment Dividends and Urban Development

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  • John Pullen

Abstract

Urban developments in expanding economies require increasing investments in infrastructure and services. If these are not provided by developers and landowners, the cost has to be met by the government and taxpayers. Financial benefits of economic development accrue to developers and landowners in the form of increased land values, but previous attempts to redirect a share of these benefits to the government have rarely been successful. A more logical and practical alternative would be the introduction of a system that returns dividends to the government in proportion to its investments in infrastructure and services.

Suggested Citation

  • John Pullen, 2021. "Government Infrastructure Investment Dividends and Urban Development," American Journal of Economics and Sociology, Wiley Blackwell, vol. 80(2), pages 721-745, March.
    • Handle: RePEc:bla:ajecsc:v:80:y:2021:i:2:p:721-745
    DOI: 10.1111/ajes.12388
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    References listed on IDEAS

    as
    1. John Pullen, 2001. "Henry George’s Land Reform: The Distinction between Private Ownership and Private Possession," American Journal of Economics and Sociology, Wiley Blackwell, vol. 60(2), pages 547-556, April.
    2. Fred E. Foldvary, 2008. "The Marginalists Who Confronted Land," American Journal of Economics and Sociology, Wiley Blackwell, vol. 67(1), pages 89-117, January.
    3. John Pullen, 2013. "An Essay on Distributive Justice and the Equal Ownership of Natural Resources," American Journal of Economics and Sociology, Wiley Blackwell, vol. 72(5), pages 1044-1074, November.
    4. John Pullen, 2005. "Henry George in Australia," American Journal of Economics and Sociology, Wiley Blackwell, vol. 64(2), pages 683-713, April.
    5. Fred Harrison, 2020. "Cyclical Housing Markets and Homelessness," American Journal of Economics and Sociology, Wiley Blackwell, vol. 79(2), pages 591-612, March.
    6. Ryan-Collins, Josh & Lloyd, Toby & Macfarlane, Laurie, 2017. "Rethinking the Economics of Land and Housing," University of Chicago Press Economics Books, University of Chicago Press, number 9781786991195, Febrero.
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