The effects of regulations on land transactions: The case of Korea
This paper examines the relationship between government regulations and land transactions using Korean data for 1994. The results indicate that a heavy burden put on land ownership does not affect the frequency and amount of land transacted, nor does it accelerate the urbanization process. However, regulations of the sale and acquisition of land are important influences on the decisions of market players.
Volume (Year): 8 (2001)
Issue (Month): 8 ()
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