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Land and Macroeconomics

Author

Listed:
  • Prasad Sankar Bhattacharya

    (Deakin University)

Abstract
This chapter sheds light on important relationships between land and macroeconomics. Given the broad nature of the topic involving land and macroeconomics to be discussed within a chapter, we pin down our attention on three related themes. In the first theme, we highlight how land influences macroeconomic variables like economic growth and development in the rural context. The second theme presents an overview of land dynamics on macroeconomics within the urban setup. Finally, we lay out new empirical evidence analysing how major land reforms in the world where end-users rights on land were transferred to the beneficiaries could usher in enhanced development through urbanization. The chapter concludes with pertinent policy choices and suggestions for future research.

Suggested Citation

  • Prasad Sankar Bhattacharya, 2020. "Land and Macroeconomics," GRU Working Paper Series GRU_2020_018, City University of Hong Kong, Department of Economics and Finance, Global Research Unit.
    • Handle: RePEc:cth:wpaper:gru_2020_018
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    File URL: https://www.cb.cityu.edu.hk/ef/doc/GRU/WPS/GRU%232020-018%20Bhattacharya.pdf
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    Keywords

    Rural land; urban land; property rights; land tenure; end-user rights; urbanization;
    All these keywords.

    JEL classification:

    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O18 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • Q15 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Land Ownership and Tenure; Land Reform; Land Use; Irrigation; Agriculture and Environment

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