Land, inequality and regional policy

The analysis of urban and regional economic development requires attention to the role of land as a source of economic surplus, a focal point for speculation and a vehicle for redistribution of income and wealth. Uniform land taxation could be a potent source of revenue for financing infrastructure and coping with persistent fiscal problems, especially if combined with regional government. This paper considers the rationale for, and problems associated with, capturing the economic surplus arising from land ownership and using it for the promotion of more balanced urban and regional development.

Key Words:

• Land
• Economic Surplus
• Taxation
• Regional Government