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The Dynamics of Urban Land Rent in Italian Regional Capital Cities

Author

Listed:
  • Benedetto Manganelli

    () (School of Engineering, University of Basilicata, Viale dell’Ateneo Lucano 10, 85100 Potenza, Italy)

  • Beniamino Murgante

    () (School of Engineering, University of Basilicata, Viale dell’Ateneo Lucano 10, 85100 Potenza, Italy)

Abstract

This research tries to interpret the results of the empirical analysis of urban land value variations from 1977 to 2012 in the regional Italian capital cities based on the well-known theory of urban land rent. The historical series to be analyzed were obtained as the difference between the market value of a property and its cost of production. The paper shows, in quantitative terms, how differential and absolute rents will be translated into the dynamics of land values in relation to local specificities. The analysis of urban land rent evolution and the comparative study of the phenomenon compared to urban geography highlighted the difference among the various urban systems investigated and the criticalities generated by processes of transformation that have affected some Italian urban contexts. The difference is essentially explained by the different weight of macroeconomic variables, related to national and international contexts, and microeconomic variables, closely related to local demand and supply, in the process of rent formation.

Suggested Citation

  • Benedetto Manganelli & Beniamino Murgante, 2017. "The Dynamics of Urban Land Rent in Italian Regional Capital Cities," Land, MDPI, Open Access Journal, vol. 6(3), pages 1-18, August.
  • Handle: RePEc:gam:jlands:v:6:y:2017:i:3:p:54-:d:109306
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    References listed on IDEAS

    as
    1. Paavo Monkkonen & Lucas Ronconi, 2013. "Land Use Regulations, Compliance and Land Markets in Argentina," Urban Studies, Urban Studies Journal Limited, vol. 50(10), pages 1951-1969, August.
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    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Mohammad Rondhi & Pravitasari Anjar Pratiwi & Vivi Trisna Handini & Aryo Fajar Sunartomo & Subhan Arif Budiman, 2018. "Agricultural Land Conversion, Land Economic Value, and Sustainable Agriculture: A Case Study in East Java, Indonesia," Land, MDPI, Open Access Journal, vol. 7(4), pages 1-19, November.
    2. Tao Zhou & Rui Zhao & Yulin Zhou, 2017. "Factors Influencing Land Development and Redevelopment during China’s Rapid Urbanization: Evidence from Haikou City, 2003–2016," Sustainability, MDPI, Open Access Journal, vol. 9(11), pages 1-17, November.
    3. Claudia Cosentino & Federico Amato & Beniamino Murgante, 2018. "Population-Based Simulation of Urban Growth: The Italian Case Study," Sustainability, MDPI, Open Access Journal, vol. 10(12), pages 1-21, December.

    More about this item

    Keywords

    urban land rent; real estate market; urbanization;

    JEL classification:

    • Q15 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Land Ownership and Tenure; Land Reform; Land Use; Irrigation; Agriculture and Environment
    • Q2 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation
    • Q24 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Land
    • Q28 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Government Policy
    • Q5 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics
    • R14 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Land Use Patterns
    • R52 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Land Use and Other Regulations

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