Bridging land value capture with land rent narratives. (March 2022)

• Record Type: Journal Article
• Authors: Vejchodská, Eliška; Barreira, Ana Paula; Auziņš, Armands; Jürgenson, Evelin; Fowles, Steven; Maliene, Vida
• Is Part Of: Land use policy. Volume 114(2022)
• Publication Date: 2022-03
• Subjects: Land value -- Land rent -- Value capture -- Taxation -- Land; Land use -- Periodicals; Land use -- Government policy -- Periodicals; Sol, Utilisation du -- Périodiques; Sol, Utilisation du -- Politique gouvernementale -- Périodiques; Electronic journals; 333.7305
• DOI: 10.1016/j.landusepol.2021.105956
• Languages: English
• ISSNs: 0264-8377

Abstract

Abstract: Urban land values have reached unprecedented levels in many parts of the world. Many scholars direct their research on their utilisation for public purposes. Two established research communities can be traced – the community referring to land value capture comprised mainly of urban planners and lawyers, and the community of economists discussing land rent. The relatively low level of interrelations between these communities prevents an effective sharing of their research outcomes. This contribution seeks to strengthen interconnections between these communities by characterising the narratives of both research communities, and synthesising their views. The research is largely built on systematic literature review with content analysis undertaken using the NVivo software. The analysis focussed on the terminology used, the specific causes of land value increase, rationales and instruments used for land value capture, and the purpose of using the collected money to investigate the interconnections between both research communities. Highlights: Two distinct scholar communities discuss the use of land values for public purposes. 'Land value capture' community focuses on one-time increase in land value. 'Land rent' community stresses the relevance of rent in connection to all urban land. Both communities' narratives are mutually inspiring and complementary to each other. Together, they form a more complex theory of land value capture.