scholarly journals Major Determinant of Physical Development on Urban Residential Land: The Case of Kalulushi Municipality in Zambia

2017 ◽  
Vol 5 (6) ◽  
pp. 79
Author(s):  
Ephraim Kabunda Munshifwa ◽  
Wilson Ngoma ◽  
Ikugile Makenja
Keyword(s):  
Urban Areas ◽  
Institutional Economics ◽  
Physical Development ◽  
Major Determinant ◽  
Public Land ◽  
Land Grants ◽  
The Real Estate ◽  
Long Run ◽  
Development Context ◽  
Conventional Literature

The debate on "property" as opposed to "possession" has grown in institutional economics literature. In the real estate development context this can be extended to examining the question on what the major determinant of commencement of physical development (or 'house starts') is between 'property' and 'possession' in the minds of residential allotees on urban land. For land acquired through extra-legal mechanisms, economists, such as Hermandode Soto, have argued that lack of title impedes physical development in urban areas. What about on land acquired through legal means? This study examined this question by conceptualising land grants through the public land allocation system as having two distinct parts, possession, that is grants still at offer letter stage and property, constituting grants where legal title in the form of certificates of title have been registered. The observation in Zambia is that physical development commences with or without certificates of title, that is, mostly at possession stage. This study finds that contrary to conventional literature, titling is not the immediate concern for most allotees on public land. The first concern is development of the plot then followed by title. A number of reasons account for this and are explained in this paper. Thus the study hypothesised that although in the long run legal title is essential, possession is more important for the commencement of physical development in most developing countries such as Zambia.

Tenants' Satisfaction in High Residential Building

2020 ◽  
Vol 17 (1) ◽  
pp. 41
Author(s):  
UMMU SHOLEHAH MOHD NOR
Keyword(s):  
Urban Areas ◽  
Residential Buildings ◽  
Low Cost ◽  
Residential Building ◽  
Real Estate Market ◽  
The Real Estate ◽  
Level Of Satisfaction ◽  
Considerable Impact ◽  
Residential Living ◽  
Medium Cost

High residential living in Malaysia has not been widely given a significant emphasises in literature despite its increasing scale and significance in the real estate market. The significance of high rise is mainly due the increasing rate of migration from rural to urban. It is estimated a total of 77.2 percent of the Malaysian population lived in urban areas in 2020. Approximately, 30 percent of this urban population lives in strata housing. These percentages are predicted to continue to increase in the future. The emergence of high residential building has been argued as confronting various problems which has considerable impact on this life style. Satisfaction is an important outcome of living in one’s dwelling, although it is not the only consideration. High residential building in Malaysia encountered numerous problems in term of management aspects, legislation aspects, and residents’ satisfaction. The purpose of this paper is to investigate the tenants’ satisfaction living in high residential buildings in Klang Valley. The questionnaires survey is conducted amongst 276 tenants at low cost and medium cost HRB using random sampling in HRB located at areas under jurisdiction Dewan Bandaraya Kuala Lumpur (DBKL), Majlis Bandaraya Subang Jaya (MBSJ), Majlis Bandaraya Shah Alam (MBSA), Majlis Bandaraya Subang Jaya (MBSJ), Majlis Perbandaran Selayang (MPS) and Majlis Perbandaran Ampang Jaya (MPAJ). The result from this study shows that tenant in medium cost residential building are more satisfied in term of facilities and management as compared to tenants in low cost residential building. Tenants also not disclosed to the existing act and procedure related to high residential building. In conclusion, this study suggested the Local Authority to emphasise the role of tenant. These recommendation hopefully will increase the level of satisfaction amongst the residents in HRB.

scholarly journals Coevolving institutions and the paradox of informal constraints

2021 ◽  
pp. 1-20
Author(s):  
Daniel Seligson ◽  
Anne E. C. McCants
Keyword(s):  
Economic Growth ◽  
Game Theory ◽  
Dynamical Systems ◽  
Systems Theory ◽  
Institutional Economics ◽  
Dynamical Systems Theory ◽  
New Institutional Economics ◽  
Long Run

Abstract We can all agree that institutions matter, though as to which institutions matter most, and how much any of them matter, the matter is, paraphrasing Douglass North's words at the Nobel podium, unresolved after seven decades of immense effort. We suggest that the obstacle to progress is the paradigm of the New Institutional Economics itself. In this paper, we propose a new theory that is: grounded in institutions as coevolving sources of economic growth rather than as rules constraining growth; and deployed in dynamical systems theory rather than game theory. We show that with our approach some long-standing problems are resolved, in particular, the paradoxical and perplexingly pervasive influence of informal constraints on the long-run character of economies.

scholarly journals Economic Consequences of Adopting Local Spatial Development Plans for the Spatial Management System: The Case of Poland

Land ◽  
2021 ◽  
Vol 10 (2) ◽  
pp. 112
Author(s):  
Przemysław Śleszyński ◽  
Maciej Nowak ◽  
Paweł Sudra ◽  
Magdalena Załęczna ◽  
Małgorzata Blaszke
Keyword(s):  
Management System ◽  
Institutional Economics ◽  
Private Property ◽  
Size Structure ◽  
Spatial Development ◽  
Real Estate Market ◽  
Economic Consequences ◽  
Local Planning ◽  
The Real Estate ◽  
Spatial Management

The spatial management system in Poland struggles with serious costs as a consequence of local planning. The problem is the lack of appropriate value capturing mechanisms and cost compensation for municipalities, along with significant burdens. Private property is subject to special protection, but the public good is less valued. The article attempts to assess the situation in Poland, recalling also the experiences of spatial management systems from other European countries. It combines legal, economic, and geographical perspectives. The specific objectives were demonstration of geographical (interregional and functional) regularities related to the economic (financial) consequences of adopting local plans and identification of financial effects resulting from the implementation of local plans in communes, i.e., in particular, their size, structure of revenues (income), and expenditures, in relations with the budgets of municipalities and the population living in communes. First, the determinants of spatial policy were defined in the context of institutional economics and the real estate market. Then, a unique database of forecasted and realized budgetary revenues and expenditures of 2477 communes in Poland related to spatial development (infrastructure construction, land transformation, purchase, etc.) was analyzed statistically. Additionally, for five selected communes of different functional types, this issue was examined in detail. It has been shown that municipalities do not derive adequate income from spatial development, and improper policy of local self-governments results in heavy burdens, threatening to disturb their financial balance. The formulated conclusions regarding the legal, economic, and spatial mechanisms may contribute to building tools (instruments) for more effective spatial management in various countries.

scholarly journals Towards eco-social housing in Vietnam: challenges and opportunities

2018 ◽  
Vol 193 ◽  
pp. 01001
Author(s):  
Van Thuong Le ◽  
Tuan Tran ◽  
Truc Truong
Keyword(s):  
Low Income ◽  
Social Housing ◽  
Urban Areas ◽  
Housing Demand ◽  
Living Conditions ◽  
Local Economy ◽  
Rapid Urbanization ◽  
Long Run ◽  
Challenges And Opportunities ◽  
The Government

Since Doi Moi (Reform) policy in 1986, Vietnam has experienced rapid urbanization and economic growth. Urbanization has resulted in increasingly high housing demand in the urban areas but this has largely unmet, especially housing for low-income people. Development of social housing for low-income and under-privileged people in cities has been seen as an urgent and important task of the government to pursue stable social and economic development. Low-income people are most vulnerable to environmental impacts and in need of energy-efficient houses to reduce their cost of living. Eco-social housing is seen as a solution to protect the natural environment as well as to boost local economy, improve living conditions particularly for low income people. Through preliminary assessments of three social buildings at three distinct regions of Vietnam, this paper found that despite many challenges, eco-social housing is a solution to Vietnam's needs in providing houses with adequate living conditions to low-income people while protecting the environment and achieving sustainable eco-social development in the long run.

scholarly journals Exploring the Livelihoods of Internally Displaced Persons in Kachin State, Myanmar

2021 ◽  
Author(s):  
◽  
Htu Tawng Lazum
Keyword(s):  
Urban Areas ◽  
Partial Solution ◽  
Livelihood Strategies ◽  
Internally Displaced Persons ◽  
Displaced Persons ◽  
Short Term ◽  
Internally Displaced ◽  
Long Run ◽  
Emergency Assistance

<p>The issue of Internally Displaced Persons (IDPs) is a global crisis yet little research has been focused on the issue of the livelihoods of IDPs. Providing short-term emergency assistance is not enough when the period of displacement becomes permanent or longer than expected. IDPs need long-term solutions in order to resume a normal life. Pursuing appropriate livelihoods in urban areas is a big challenge yet constructing potential livelihoods is fundamental to achieving decent living not only for short-term situations but also for the long run. The lack of access to livelihoods is one of the most serious obstacles to durable solutions for IDPs, and long-term livelihood strategies are needed to lay the foundation for future development.  This study explores Kachin IDPs in Myanmar and their livelihood strategies and activities in urban camps by applying qualitative methods, the study focuses on how IDPs have been building their livelihoods during their displacement and who has been involved in supporting their livelihoods. This research also seeks insight into the effectiveness and sustainability of those livelihood activities and other potential strategies.   Results show that most livelihood activities are supported by both local and international humanitarian and development agencies and are mainly undertaken through local organisations. Agriculture and livestock rearing are preferred livelihoods of IDPs although getting appropriate land is challenging in urban areas. Income-generating programmes such as food processing, carpentry and bamboo handicrafts are also popular and successful activities. Moreover, tailoring, brick making, and pig rearing are also effective and helpful livelihoods for individuals. Those who are involved in livelihood support activities receive benefits and advantages for their family and daily needs while the majority of IDPs are working in day labouring. Respondents believe current livelihood activities can become sustainable as long as they maintain the quality of the products. Some IDPs have adapted to the city environment quite well by applying their capacity and the skills they learnt from humanitarian organisations. Supporting livelihood strategies may not resolve the problems of IDPs, however, it is an effective partial solution.</p>

scholarly journals The impact of macroeconomic factors on the real estate investment trust index return on Japan, Singapore and China

2016 ◽  
Vol 13 (4) ◽  
pp. 242-253 ◽  
Author(s):  
Hao Fang ◽  
Tsang-Yao Chang ◽  
Yen-Hsien Lee ◽  
Wei-Jui Chen
Keyword(s):  
Inflation Rate ◽  
Stock Index ◽  
Real Estate Investment Trust ◽  
Real Estate Investment ◽  
Causality Test ◽  
Macroeconomic Factors ◽  
The Real Estate ◽  
Long Run ◽  
Index Changes ◽  
Bounds Test

This study contributes to the existing literature by combining the multiple methods to clarify the influence of the macroeconomic factors on the real estate investment trust (REIT) index in three Asian countries. The authors, first, use an autoregressive distributed lag (ARDL) bounds test to find that a long-run equilibrium exists between the REIT index and the interest rate, inflation rate, and stock index for China and Singapore. The authors, then, analyze the long- and short-run elasticity of the macroeconomic variables on the REIT index. Finally, using the Granger non-causality test, the authors demonstrate that a unidirectional relationship, in which inflation-rate shifts cause REIT index changes, exists in Japan and Singapore and that a wealth effect, in which stock index movements cause REIT index changes, exists in Singapore. The findings have economic implications for investors seeking to gain from REITs using macroeconomic factors. Keywords: REITs, macroeconomic factor, ARDL bounds test, ARDL long-run model, error-correction model, Granger non-causality test. JEL Classification: C22, G11, L85, D53, C58, F14

scholarly journals Housing Resources and Needs in Light of Modern Urban Transformations: the Case of Poznan

2017 ◽  
Vol 25 (2) ◽  
pp. 72-78
Author(s):  
Sławomir Palicki
Keyword(s):  
Urban Sprawl ◽  
Urban Areas ◽  
Local Governments ◽  
Real Estate Market ◽  
Capital City ◽  
Central Cities ◽  
The Real Estate ◽  
Suburban Areas ◽  
Starting Point ◽  
Urban Transformations

Abstract Polish cities have been at the stage of a dynamic suburban development for over a decade (which has led to the phenomenon of urban sprawl beyond any control). The population of big urban areas, together with their agglomerations is continuously increasing; however, migration tendencies towards suburban areas are strong as well. In such a situation, the question arises regarding the possibilities and the methods of suppressing the outflow of people to the neighboring communities, and once again, making the city an attractive place to live. The attempt to explain such an issue requires research into both the housing infrastructure and its inhabitants. Poznan has been severely affected by suburbanization. The diagnosis and assessment of Poznan housing resources and the preferences of its inhabitants are the starting point for taking further steps in making the housing conditions more attractive. The article shows the initial results of widespread research regarding housing in the capital city of the Wielkopolska Province (comprising over 2,500 households). A similar study for the entire agglomeration (Poznan County) is due to be completed soon. It will allow for a comparative analysis and formulating recommendations regarding the conditions and the direction of changes on the real estate market which would increase the attractiveness of central cities suffering from suburbanization. In a wider context, the publication might be seen as an analysis of one of the elements of modern urban changes, such as either market driven, or free and spontaneous processes of urban sprawl, and conscious actions taken by local governments (together with developers) regarding the integrated urban revitalization policy.

scholarly journals Economic Development

2019 ◽  
Author(s):  
Dhina Vadyza
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Income Distribution ◽  
Urban Areas ◽  
Gini Index ◽  
Production Factor ◽  
Real Economy ◽  
Long Run ◽  
Per Capita ◽  
Capita Output

Economic growth is a process of increasing per capita output that occurs continuously in the long run. Economic growth is one indicator of the success of development. Increasingly increasing economic growth usually increases people's welfare. While economic development is an effort to increase per capita income by processing potential economic forces into the real economy through investment, increasing knowledge, increasing skills, using technology, adding management skills and organizing.Economic growth is also related to the increase in "per capita output". The theory must include theories about GDP growth and theories about population growth. Then the third aspect is economic growth in a long-term perspective, that is, if for a long period of time the per capita output shows an increasing tendency.The distribution of income distribution in Indonesia is increasingly uneven. This can be seen from the increasing Indonesian Gini Index. As is known, the Gini index measures the income distribution of a country. The size of the Gini index Between 0 (zero) to 1 (one), the Gini index Equal to 0 (zero) indicates the index that the income distribution is perfectly equal, while the Gini index is 1 (one ) shows that the income distribution is totally uneven. Based on the data, the Indonesian Gini index continues to increase from year to year.The state of income distribution in Indonesia since 1970 can be said not to improve, this is caused by many factors, including the First production factor market (input market) which is the increase in labor supply which results in excess labor, low labor wages and limited employment opportunities in urban areas resulting in unemployment and urban slums.Second, land ownership. Land distribution is the main determinant of the extent of poverty and income distribution.

Analysis of the Influence of Properties Management in the Region on the Transaction Prices Level of Unbuilt Land Properties – Case Study

2017 ◽  
Author(s):  
Monika Mika ◽  
Monika Siejka ◽  
Przemysław Len
Keyword(s):  
Real Estate ◽  
Urban Areas ◽  
Temporal Distribution ◽  
The State ◽  
Local Market ◽  
The Real Estate ◽  
Transaction Prices ◽  
State Of The Economy ◽  
Spatio Temporal ◽  
Real Estate Management

This article presents the results of analysis of the influence of selected economic, legal and environmental factors on the level of transaction prices of unbuilt land properties, in two randomly selected districts of the southern Poland. The results of the research allowed extraction of a group of factors influencing the spatial distribution of the average prices of the surveyed properties. They gave also the answer to the question about the extent to which the unit prices are confirmed by the state of properties management in the region. An analysis of the existing state in the selected region based on the analysis of the local market was performed. Furthermore, the conformity of local plans for the studied areas was examined, as well as an analysis of spatio-temporal distribution of transaction prices of real estate was performed. The research has shown that the level of transaction prices on the local real estate markets is related to the real estate management of the surveyed areas. The state of the economy is affected by many factors, most important of which seems to be the location in relation to urban areas and the condition of the access roads. The undertaken tests correspond with the directions of the world research.

scholarly journals Nature-Related Experience during Childhood in Urban and Rural Areas: The Case of Peninsular Malaysians

2017 ◽  
Vol 2017 ◽  
pp. 1-9 ◽  
Author(s):  
Huda Farhana Mohamad Muslim ◽  
Tetsuro Hosaka ◽  
Shinya Numata ◽  
Noor Azlin Yahya
Keyword(s):  
Developing Countries ◽  
Rural Areas ◽  
Urban Areas ◽  
Public Spaces ◽  
Physical Development ◽  
Kuala Lumpur ◽  
Tropical Fruits ◽  
Childhood Experiences ◽  
Common Nature ◽  
Urban And Rural Areas

Direct experiences with nature in childhood are essential for enhancing psychological and physical development in children. However, researches on childhood nature-related experiences and their effects are largely biased toward more developed Western countries. In this study, we created a questionnaire on childhood experiences with nature and surveyed 357 adults (>20 years old) around Kuala Lumpur, the capital of Malaysia, to determine whether younger generations had fewer nature-based experiences than older generations and whether people who grew up in urban areas had fewer experiences than those who grew up in rural areas. We found that playing in rivers or waterfalls and collecting and eating tropical fruits were the most common nature-related activities experienced in childhood. There was a minimal decline in nature-related experiences among generations. However, people who grew up in rural areas had more nature-related experiences than those who grew up in urban areas. The loss of nature areas and increase in population density may accelerate the decline in nature-related experiences in urban areas. Therefore, efforts to create urban parks and other public spaces for reconnecting urban children to nature will become increasingly important for urban planning and environmental education in tropical developing countries such as Malaysia.

Sign in / Sign up

Export Citation Format

Share Document