|
|
|
|
||||
|
||||
Determinants of Urban Vacant Land Evidence from Santiago, ChileFelipe Morandeaffiliation not provided to SSRN Alexandra Petermannaffiliation not provided to SSRN Miguel VargasUniversidad Diego Portales - Facultad de EconomÃa y Empresa November 11, 2009 Journal of Real Estate Finance and Economics, Vol. 40, No. 2, 2010 Abstract: It is a planners' common argument that one of the main sources of vacant land is developers' speculation. Consequently, in order to reduce vacant land, it is also a common policy to charge extra taxes to this kind of lots as a way to force development. Using a rich data base from Santiago, Chile, this paper investigates on the determinants of urban vacant land. We find that amongst the most important elements driving unused sites in Santiago are public regulations. Hence, practitioners must be aware about this issue before implement a policy to reduce vacant land because it could have the opposite result.
Keywords: urban vacant land, infill development, categorical respond model JEL Classification: R14, C13, H23 Accepted Paper SeriesDate posted: November 11, 2009 ; Last revised: February 12, 2010Suggested Citation |
|
|||||||||||
© 2013 Social Science Electronic Publishing, Inc. All Rights Reserved.
FAQ
Terms of Use
Privacy Policy
Copyright
This page was processed by apollo3 in 0.328 seconds
