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Urban development and control on urban land rents

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  • Roberto Camagni

    (Politecnico di Milano)

Abstract

One of the main problems today in urban development is that of finding the necessary financial resources at a time of profound crisis of public, national and local finances. The argument put forward in this paper is that this is possible to a large extent through a rebalancing of the surplus values of urban transformation between the public and private sectors, in favour of the former. Cities—the large and medium-large ones with their international projection and their resources of knowledge and creativity, and those of smaller size with their cultural, relational and environmental resources—assured, at least until the onset of the 2008 global crisis, the high, if not extremely high, profitability of urban transformation processes in the form of rents, capital gains and profits for potential entrepreneurs-developers. A more balanced distribution of these surplus values is not only possible but also highly desirable, and it is advocated by a number of large international agencies and important research centres. In the paper, the legal and economic rationale for a taxation of land rents is presented, and a first comparative assessment of these fiscal policies is carried out with reference to some European countries and to Italy in particular. In this last case, the distance with respect to more courageous international practices is underlined.

Suggested Citation

  • Roberto Camagni, 2016. "Urban development and control on urban land rents," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 56(3), pages 597-615, May.
    • Handle: RePEc:spr:anresc:v:56:y:2016:i:3:d:10.1007_s00168-015-0733-6
    DOI: 10.1007/s00168-015-0733-6
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    References listed on IDEAS

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    1. Tomaz Ponce Dentinho, 2011. "Unsustainable cities, a tragedy of urban infrastructure," Regional Science Policy & Practice, Wiley Blackwell, vol. 3(3), pages 231-247, August.
    2. Roberta Capello & Peter Nijkamp (ed.), 2009. "Handbook of Regional Growth and Development Theories," Books, Edward Elgar Publishing, number 12874.
    3. Roberto Camagni & Ezio Micelli & Stefano Moroni, 2014. "Diritti edificatori e governo del territorio: verso una perequazione urbanistica estesa? Introduzione," SCIENZE REGIONALI, FrancoAngeli Editore, vol. 2014(2), pages 5-8.
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    Cited by:

    1. Massimo Bricocoli & Marco Peverini, 2024. "No City for Workers: Housing Affordability Trends and Public Policy Implications in Milan," Urban Planning, Cogitatio Press, vol. 9.
    2. Pogliani, Laura & Ronchi, Silvia & Arcidiacono, Andrea & di Martino, Viviana & Mazza, Francesca, 2023. "Regeneration in an ecological perspective. Urban and territorial equalisation for the provision of ecosystem services in the Metropolitan City of Milan," Land Use Policy, Elsevier, vol. 129(C).
    3. Cavicchia, Rebecca, 2023. "Housing accessibility in densifying cities: Entangled housing and land use policy limitations and insights from Oslo," Land Use Policy, Elsevier, vol. 127(C).
    4. Oppio, Alessandra & Dell’Ovo, Marta & Torrieri, Francesca & Miebs, Grzegorz & Kadziński, Miłosz, 2020. "Understanding the drivers of Urban Development Agreements with the rough set approach and robust decision rules," Land Use Policy, Elsevier, vol. 96(C).
    5. Nij Tontisirin & Sutee Anantsuksomsri, 2021. "Measuring transit accessibility benefits and their implications on land value capture: a case study of the Bangkok Metropolitan Region," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 67(2), pages 415-449, October.
    6. Jović, Srđan & Maksimović, Goran & Jovović, David, 2016. "Appraisal of natural resources rents and economic development," Resources Policy, Elsevier, vol. 50(C), pages 289-291.
    7. Sanja Savić & Nevena Mašanović & Jelena Bajić Šestović, 2022. "Planning Criteria and Models for the Development of Urban Structures of Coastal Settlements of Boka Kotorska," Sustainability, MDPI, vol. 14(15), pages 1-35, August.

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    More about this item

    JEL classification:

    • R - Urban, Rural, Regional, Real Estate, and Transportation Economics
    • R3 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location
    • H2 - Public Economics - - Taxation, Subsidies, and Revenue
    • H23 - Public Economics - - Taxation, Subsidies, and Revenue - - - Externalities; Redistributive Effects; Environmental Taxes and Subsidies

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