Understanding how land prices are determined is of particular importance for policy makers; however, there is little evidence in African countries, which are currently experiencing rapid urbanization. The paper examines the relationship between land prices and locational characteristics using data from Antananarivo, the capital of Madagascar. It is found that the land value gradients are relatively steep, indicating that the land and housing prices tend to overshoot in the middle of the city, pushing the poor away from the city to suburban areas. It is also found that access to transport infrastructure and services, such as minibuses, is an important determinant of land value. Not only transport connectivity, but also other factors, such as proximity to amenities and administrative centers, are found to be important. Better land management and urban transport policies are called for to promote these aspects in the city.
详细
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作者
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文件日期
2019/08/06
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文件类型
政策研究报告
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报告号
WPS8958
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卷号
1
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Total Volume(s)
1
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国家
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地区
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发布日期
2019/08/06
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Disclosure Status
Disclosed
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文件名称
Location, Location, Location Revisited : Evidence from Antananarivo, Madagascar
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关键词
land price; suburban area; land and housing; rice field; Population Density; job opportunity; rural transportation infrastructure; job opportunities; estimation result; accessibility to job; real estate finance; parcel of land; bus route; regional science; road space
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