Cadastral valuation of forest lands, taking into account the degree of development of their infrastructure

The article substantiates the need to improve methodology for cadastral valuation of forest lands and change the principles for calculating the rental rate of forest lands, on the basis of which the rent for the use of these lands will be determined in future. The methodology for determining the cadastral value of forest lands, taking into account the degree of development of their infrastructure, is presented. The infrastructure of lands of the forest fund is considered and an algorithm for assessing such infrastructure by means of geoinformation modeling is shown. A method for calculating a complex integral indicator (coefficient of infrastructure development) is presented, which is applicable to differentiate lands covered and not covered with tree vegetation, for their effective and rational management. The complex integral indicator determines the availability of forest plots, as it takes into account location of the forest fund infrastructure in relation to assessment plots, which makes it possible to obtain information about the time spent on covering the required distance. This methodology can be applied to assess the quality and condition of the existing infrastructure of the forestry sector in implementation of measures within the framework of the Strategy for the development of the forestry complex, providing for support and construction of infrastructure facilities on the forest fund lands. The method was tested in the Baltiysky district forestry of the Baltiysko-Belozersky taiga region. The results were as follows: the map of the forest fund infrastructure development within the boundaries of differentiation assessment according to the calculated integral indicator of infrastructure development was obtained; the regression model for calculating the rent rate taking into account the taxation value and integral indicator infrastructure development was received: the cadastral value of forest lands taking into account the developed model was calculated.

A Model for Determining the Market Rental Rate for Properties Classified in the Segment with a Limited Number of Offers

Purpose: The purpose of this paper is to develop a model for determining the rental income from fixed assets of an enterprise in an undeveloped market. Design/methodology/approach: The rental income is determined using the iteration method and the simulation method in the cost-based approach model.

LARGE AND SMALL RESERVOIRS OF UKRAINE: REGIONAL AND BASIN DISTRIBUTION FEATURES

The aim of the study was to establish the territorial patterns of the distribution of reservoirs in administrative regions and river basin districts, to identify the role of large, medium and small reservoirs in the balance of river flow regulation in Ukraine. In Ukraine, there are only 1054 reservoirs, among which there are six large reservoirs of the Dnieper cascade and the Dniester reservoir, and all the remaining 99.3% (1047 reservoirs) belong to the middle (M), small (S) and very small (VS) categories. For convenience, we call this group with the abbreviation MSVS-reservoirs. All reservoirs have a total volume of 55.13 km3. Thus, reservoirs regulate 32% of the total river flow of the country, amounting to 170.3 km3 per year. There are two main patterns of territorial distribution of reservoirs: large reservoirs are located on large rivers (Dnieper and Dniester) and are of national importance; MSVS-reservoirs – were created to provide water to industrial regions (for example, Donetsk, Kharkiv) and have regional or local significance. In terms of the volume of accumulated water, Ukraine is a country of large reservoirs. The six reservoirs of the Dnieper cascade contain 79% of the water, in the Dniester – 6%, in the MSVS-reservoirs – 15%. The volume of reservoirs in the Dnieper cascade is 43.71 km3, which is 82% of the average long-term runoff of the Dnieper (53.5 km3 per year). The operation of the Dniester reservoir (3.0 km3), which was created in the transboundary city of Dniester (Ukraine – Moldova), is carried out taking into account the water management interests of the two countries. MSVS-reservoirs are unevenly distributed over the territory of Ukraine. The largest number of them is concentrated in the arid central and southeastern regions of Ukraine, 45% of the total number of MSVS-reservoirs is located in the region of the river basin Dnieper. The largest total values of the total volume and area of MSVS-reservoirs is in the Odesa region due to the Danube lakes, which have been granted the status of reservoirs. In the use of territorial communities in Ukraine, there are 72% of the MSVS-reservoirs, 28% – leased. Among the regions of Ukraine, most of all are rented MSVS-reservoirs in the Transcarpathian region – 78%. In the Zaporizhye region, 56% of the MSVS-reservoirs are leased, in the Ternopil region – 54%. There are leases of MSVS-reservoirs in Ivano-Frankivsk and Lviv regions. Low values of the lease indicator were in the Autonomous Republic of Crimea (4%), in Kherson (7%), Vinnitsa (8%) and Volyn regions (10% each). Among the regions of river basins, there are more leased MSVS-reservoirs in the regions of the river basins. Southern Bug – 35%, Dnieper – 32%. The minimum rental rate was in the region of the Crimean river basin (4%). There is a lease of MSVS-reservoirs in the area of the river basin. Vistula.

Dynamics of commercial real estate market segments in the post-pandemic period

Research background: Commercial real estate segments have reacted differently to the effects of the coronavirus pandemic, announced early last year. Thus, the greatest interest is represented by commercial, service and warehouse real estate. The retail segment seriously felt the restrictions in the work of retail and service enterprises from March to July 2020 – due to the rotation of operators, the departure of many players from the market, the vacancy rate of space increased, the average rental rate decreased due to the revision of lease agreements. Warehouse real estate, on the contrary, has received incentives for development due to a twofold increase in online trade in Russia – the vacancy rate in the most high-quality areas tends to 0-2%, the average rental rate is growing rapidly. Purpose of the article: to analyze the commercial real estate market in the context of retail and warehouse real estate in the regions of Russia and St. Petersburg, to develop mechanisms to increase their competitiveness in the postcovid period. Methods: description, comparison, analogy, generalization and correlation and regression analysis. Findings & Value added: there is a high dependence of the current state of retail and warehouse real estate on the growing volumes of online trade, which causes certain trends: the growth of the shortage of warehouse space and the increase in the vacancy rate of retail space-mechanisms have been developed to increase the competitiveness of commercial real estate operators in St. Petersburg and the regions

Globalisation, crime and wage inequality: a theoretical analysis

Purpose This study aims to focus on the effects of economic globalisation programme on the problems of criminal activities and on the degree of skilled–unskilled wage inequality. Design/methodology/approach A competitive general equilibrium model of a small open economy is developed. Unskilled labour moves from the production sector to the criminal sector. Those who join the criminal sector snatch a part of capitalists’ income and skilled workers’ income to finance their consumption and face positive probability of being caught and punished. The size of the criminal sector and the rental rate on capital are simultaneously determined in the short-run equilibrium of this model where factor endowments are exogenously given at a particular point of time. Findings An increase in the capital endowment resulting from an exogenous foreign capital inflow raises demand for labour and wage rates in both the sectors. So, it lowers the rental rate on capital and thus aggravates the problem of skilled–unskilled wage inequality because the skilled labour using sector is more capital intensive than the other production sector. However, it may lower the size of the criminal sector and thus may raise the level of the gross domestic product. Originality/value There exists substantial theoretical works on the problem of skilled–unskilled wage inequality, but none of these works focuses on the general equilibrium allocation of unskilled labour to the criminal sector. On the other hand, existing models specialised to analyse theoretical implications of crime and punishment do not focus on the interaction between crime and wage inequality.

DO INFLATION, INTEREST RATE AND COST OF RENTING AFFECT THE PRICE OF TERRACE HOUSES IN PENANG?

In Malaysia, the housing ownership is reported to decrease from 85% in 1999 to 72.5% in 2010. This is due to the outstripped increase of house price over the income level and the unstable economic situation which creates unaffordability to own a house for many people. Therefore, the main objective of this study is to examine whether the price of terrace houses in Penang is being affected with fundamental factors such as inflation, interest rates and the cost of renting. This study uses multivariate regression analysis with quarterly data of terrace house prices (HPI terrace house in Penang), inflation (CPI) and interest rate (mortgage rates) from 2009: Q1 to 2016: Q4. Evidently, the cost of renting terrace houses in Penang does not have any impact on the price of terrace houses and the stable movement of cost of renting indicates that the growth of rental rate is at acceptable price for middle income earners.

Towards Five Star Classification Shopping Centre in Malaysia: An Exploratory Research on Categories of Shopping Centre

Shopping Centre is the most wonderful spots nowadays with their appealing shops and a wide assortment individual spend their free occasions to unwind, shop and make the most of their occasions. Be that as it may, it shows up the powers driving retail development everywhere throughout the world have withdrawn from real customers request. A shopping centre is a group of retail stores. With the harried number development of shopping centres in Malaysia, the competition among of those commercial retailers is seen as crucial. The shopping centre springing up around us like mushrooms after the rain. The changes format of urbanisation, globalisation, new technologies and innovations are leading the entire retail market makes our shopping centres management more challenging. Because shopping centres comprise of many types with different features to serve its function, the measurement of the quality of shopping centres becomes more complex. One of the ways to facilitate the measurement of quality of different types of shopping centres is by classifying the shopping centres. Therefore, this paper looks on the category the shopping centre in Malaysia based on physical criteria, rental rate, tenant’s revenues and retails customers patronage satisfaction. The criteria of shopping centre acquired through literatures can be filled in as an orientation in making a categorised of shopping centres in Malaysia. Interview with government and private sectors involved in shopping centres has been conducted to find out the suitable category of shopping centre in Malaysia. This is an initial study toward the classification of shopping centres in Malaysia. Noted that the classification is very important for investment purpose and as a guideline, therefore, shopping centre must get a better rating tool for the developers and investors for their investment decision in the future.

Series of successive B2B contracts: impact on contract length and rental rate

Purpose Companies in the B2B service sector often sign a series of successive contracts instead of one long contract with their vendors. Economic researchers have shown how the lengths of stand-alone contracts are influenced by economic factors such as asset specificity and economic volatility, but have not researched into contracts that are part of a continuous series. The purpose of this study was to explore if being a part of a series of contracts influences the length of the focal contract and the rental rate. Design/methodology/approach The authors use data collected from the oil drilling industry to empirically test their hypotheses. The data set consists of 2,621 contracts involving jack-up rig hiring in the Gulf of Mexico region. Findings The authors empirically show that the series duration affects both the length and rental rate of each constituent contract, even after considering all other plausible economic factors. Specifically, the duration of a series has a positive effect on the length and a negative effect on the rental rate of the constituent contract. Originality/value Although contract length is as vital as the rent in B2B service transactions, it is rather unfortunate that marketing scholars have not researched much into this topic. The findings offer a new insight into the forces that shape the B2B service contracts and thus help the B2B managers make a better decision in service contracts.