Property Rights, Land Values and Urban Development


Property Rights, Land Values and Urban Development

Betterment and Compensation in China

9781783476398 Edward Elgar Publishing
Li Tian, Tongji University, Shanghai, China
Publication Date: February 2015 ISBN: 978 1 78347 639 8 Extent: 232 pp
This book presents an analysis of betterment and compensation issues under the Land Use Rights (LURs) System in China since 1988. The topic originates from the observation of widening inequity and increasing uncertainty associated with the failure of government to adequately address betterment and compensation issues. An analytical framework of institutions and property rights is employed to examine socio-economic impacts under the LURs system, in particular, the role of the state is analyzed to explore the effects of government intervention in land markets.

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Critical Acclaim
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Land value capture has long been a hotly debated topic, and it has influenced a wide variety of land ownership regimes. Property Rights, Land Values and Urban Development examines the role and impact of government intervention on land markets in China. It reveals that the state has taken selective advantage of the ambiguous definition of property rights in pursuit of the objective of rapid urban growth.

Through detailed empirical analysis and case studies, the book develops approaches that are specifically designed to assess the extent of issues engendered by government activities at both macro and micro levels. It also presents a comprehensive and international review on betterment and compensation. Taking the land market of China as an example, it applies the theoretical framework of New Institutional Economics to analyse institutional arrangements at the national, municipal and project levels. It concludes with the implications of property rights reform to promote the sustainable development of land markets.

The issues discussed in this book will be of particular interest to academics and researchers in land economics, Asian studies and development studies.

Critical Acclaim
‘The Chinese leadership anticipates that one hundred million people will move from rural areas to China’s cities between 2014 and 2020 – perhaps the greatest migration in human history. Property ownership and use rights, compensation for when rural land is taken for urban development, and who should receive the increment in value (betterment) are among the most contentious policy issues facing China today. Property rights in China vary from place to place, are often ambiguous, and are changing rapidly. In this remarkable book Tongji University professor Li Tian provides a comprehensive description of China’s property rights, betterment, and compensation landscape. Tian reviews Western property rights, betterment and compensation theory and practice and offers her own synthesis and policy recommendations. This is a must-read book for land economists, urban planners, policy makers, and anyone interested in China’s development.’
– Richard LeGates, San Francisco State University, US
Contents: 1. Introduction 2. Nature of Land Rent and Land Value Capture 3. Studying Betterment and Compensation from the Perspective of Property Rights 4. Assessing and Addressing Betterment and Compensation: International Experiences 5. Urban Land Reform and the Evolution of Land Market in China 6. Betterment and Compensation Schemes under the LURs System 7. Assessing and Addressing Betterment and Compensation in Guangzhou: Empirical Evidence 8. Institutional Evolution in the Land Market of Guangzhou 9. Conclusions Bibliography Index
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