IDEAS home Printed from https://ideas.repec.org/a/eee/lauspo/v112y2022ics0264837721005123.html
   My bibliography  Save this article

The role of territorial collective goods in Korea’s residential development

Author

Listed:
  • Yang, Hee Jin
  • Kim, Yoon-jung

Abstract

Korea had experienced rapid urbanization and population increase that resulted in a shortage of housing and ensuing poor urban living environment. While past studies have much devoted to topics that relate to government intervention in overcoming the nation’s housing shortage problem, this study examines the ways in which the Korean apartment model contributed to providing a decent living environment and outcompeting other housing types in Korea. Drawing on club theory, this study revisits market-based solutions that the Korean government devised to promote apartment-type housing and explores how they have accelerated the production and consumption of apartments and achieved an improved urban living environment. This study suggests that while the inclusion of territorial collective goods in residential development has become an effective and feasible way to enhance the overall housing environment, it has also stimulated homebuyers to prefer apartment-type housing in lieu of other housing types in Korea.

Suggested Citation

  • Yang, Hee Jin & Kim, Yoon-jung, 2022. "The role of territorial collective goods in Korea’s residential development," Land Use Policy, Elsevier, vol. 112(C).
    • Handle: RePEc:eee:lauspo:v:112:y:2022:i:c:s0264837721005123
    DOI: 10.1016/j.landusepol.2021.105789
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0264837721005123
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.landusepol.2021.105789?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Yoon-jung Kim & Mack Joong Choi, 2015. "Why have big construction companies replaced real estate developers in Korea?," International Journal of Urban Sciences, Taylor & Francis Journals, vol. 19(2), pages 206-223, July.
    2. Seong-Kyu Ha, 2013. "Housing markets and government intervention in East Asian countries," International Journal of Urban Sciences, Taylor & Francis Journals, vol. 17(1), pages 32-45, March.
    3. Charles M. Tiebout, 1956. "A Pure Theory of Local Expenditures," Journal of Political Economy, University of Chicago Press, vol. 64(5), pages 416-416.
    4. Joseph E. Stiglitz, 1977. "The Theory of Local Public Goods," International Economic Association Series, in: Martin S. Feldstein & Robert P. Inman (ed.), The Economics of Public Services, chapter 12, pages 274-333, Palgrave Macmillan.
    5. Fred E. Foldvary, 1994. "Public Goods And Private Communities," Books, Edward Elgar Publishing, number 167.
    6. Scotchmer, Suzanne, 2002. "Local public goods and clubs," Handbook of Public Economics, in: A. J. Auerbach & M. Feldstein (ed.), Handbook of Public Economics, edition 1, volume 4, chapter 29, pages 1997-2042, Elsevier.
    7. F. Frederic Deng, 2003. "Collective Goods and the Political Hold-Up Problem," Journal of Institutional and Theoretical Economics (JITE), Mohr Siebeck, Tübingen, vol. 159(2), pages 414-434, June.
    8. Jeffrey Pompe, 2008. "The Effect of a Gated Community on Property and Beach Amenity Valuation," Land Economics, University of Wisconsin Press, vol. 84(3), pages 423-433.
    9. Kim, Kyung-Hwan & Mills, Edwin S., 1988. "Korean development and urbanization: Prospects and problems," World Development, Elsevier, vol. 16(1), pages 157-167, January.
    10. Chris Webster & Lawrence W.-C. Lai, 2003. "Property Rights, Planning and Markets," Books, Edward Elgar Publishing, number 2625.
    11. F. Frederic Deng, 2002. "Ground Lease-Based Land Use System versus Common Interest Development," Land Economics, University of Wisconsin Press, vol. 78(2), pages 190-206.
    12. Berglas, Eitan, 1976. "On the Theory of Clubs," American Economic Review, American Economic Association, vol. 66(2), pages 116-121, May.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Ki, Jaehong & Yoon, D.K., 2024. "The impact of urban form on residential electricity consumption: Panel data analyses of South Korean urban municipalities," Energy Policy, Elsevier, vol. 186(C).

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Feng Deng, 2017. "Homeowners association vs. leasehold," Asia-Pacific Journal of Regional Science, Springer, vol. 1(2), pages 307-327, October.
    2. Stefano Moroni, 2014. "Towards a general theory of contractual communities: neither necessarily gated, nor a form of privatization," Chapters, in: David Emanuel Andersson & Stefano Moroni (ed.), Cities and Private Planning, chapter 3, pages 38-65, Edward Elgar Publishing.
    3. Boadway, Robin & Tremblay, Jean-François, 2012. "Reassessment of the Tiebout model," Journal of Public Economics, Elsevier, vol. 96(11), pages 1063-1078.
    4. Fred E. Foldvary, 2005. "Geo-Rent: A Plea to Public Economists," Econ Journal Watch, Econ Journal Watch, vol. 2(1), pages 106-132, April.
    5. Hideo Konishi, 2011. "Entrepreneurial Land Developers: Joint Production, Local Externalities, and Mixed Housing," Boston College Working Papers in Economics 777, Boston College Department of Economics, revised 06 Apr 2013.
    6. Feng Deng, 2018. "A theoretical framework of the governance institutions of low-income housing in China," Urban Studies, Urban Studies Journal Limited, vol. 55(9), pages 1967-1982, July.
    7. Konishi, Hideo, 2013. "Entrepreneurial land developers: Joint production, local externalities, and mixed housing developments," Journal of Urban Economics, Elsevier, vol. 75(C), pages 68-79.
    8. Sandler, Todd & Tschirhart, John T, 1980. "The Economic Theory of Clubs: An Evaluative Survey," Journal of Economic Literature, American Economic Association, vol. 18(4), pages 1481-1521, December.
    9. Michael Makovi, 2019. "Government vs. Governance: Libertarianism and Private Communities," Journal of Private Enterprise, The Association of Private Enterprise Education, vol. 34(Spring 20), pages 39-57.
    10. Eric Charmes, 2009. "On the Residential `Clubbisation' of French Periurban Municipalities," Urban Studies, Urban Studies Journal Limited, vol. 46(1), pages 189-212, January.
    11. Acocella Nicola & Di Bartolomeo Giovanni, 2013. "Population location, commuting and local public goods: A political economy approach," wp.comunite 0105, Department of Communication, University of Teramo.
    12. Albouy, David & Behrens, Kristian & Robert-Nicoud, Frédéric & Seegert, Nathan, 2019. "The optimal distribution of population across cities," Journal of Urban Economics, Elsevier, vol. 110(C), pages 102-113.
    13. Apolte, Thomas, 2001. "How Tame Will Leviathan Become in Institutional Competition? Competition among Governments in the Provision of Public Goods," Public Choice, Springer, vol. 107(3-4), pages 359-381, June.
    14. Francisco Martínez Mora, 2004. "The impact of fiscal decentralization on income segregation," Economic Working Papers at Centro de Estudios Andaluces E2004/68, Centro de Estudios Andaluces.
    15. Todd Sandler, 2024. "Tiebout jurisdictions and clubs," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 73(3), pages 857-872, October.
    16. Gaigné, Carl & Riou, Stéphane & Thisse, Jacques-François, 2016. "How to make the metropolitan area work? Neither big government, nor laissez-faire," Journal of Public Economics, Elsevier, vol. 134(C), pages 100-113.
    17. Huberto M. Ennis & Santiago M. Pinto & Alberto Porto, 2006. "Choosing a place to live and a workplace," Económica, Instituto de Investigaciones Económicas, Facultad de Ciencias Económicas, Universidad Nacional de La Plata, vol. 0(1-2), pages 15-51, January-D.
    18. Francesco Minora, 2013. "Collective institutions towards habitability: roles, strategies and forms of governance," Euricse Working Papers 1352, Euricse (European Research Institute on Cooperative and Social Enterprises).
    19. Zeng, Dao-Zhi, 2008. "New economic geography with heterogeneous preferences: An explanation of segregation," Journal of Urban Economics, Elsevier, vol. 63(1), pages 306-324, January.
    20. Philippe Jehiel & Laurent Lamy, 2018. "A Mechanism Design Approach to the Tiebout Hypothesis," Journal of Political Economy, University of Chicago Press, vol. 126(2), pages 735-760.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:lauspo:v:112:y:2022:i:c:s0264837721005123. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Joice Jiang (email available below). General contact details of provider: https://www.journals.elsevier.com/land-use-policy .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.