Search results
11 – 20 of over 67000This paper addresses the practical problem of apportioning the value of land equitably between joint owners of developed property in China in a logical way. Allocation of land…
Abstract
This paper addresses the practical problem of apportioning the value of land equitably between joint owners of developed property in China in a logical way. Allocation of land share by existing methods causes unfairness. A new concept, using the ratio of land floor value, is introduced and an alternative approach is thereby established. To find such ratios using market data, related statistical techniques and procedures are given. The discussion suggests that the approach is logical in theory and easy to use in practice.
Details
Keywords
Graeme Newell, Nelson Chan and Evan Goodridge
This paper aims to assess all compulsory land acquisition court decisions in Australia over 1985‐2009 to provide a risk assessment and compensation analysis involved in proceeding…
Abstract
Purpose
This paper aims to assess all compulsory land acquisition court decisions in Australia over 1985‐2009 to provide a risk assessment and compensation analysis involved in proceeding to court for compulsory land acquisition cases.
Design/methodology/approach
Using the AustLII legal database, every publicly available compulsory land acquisition court case decision in Australia over 1985‐2009 is assessed. These 58 court cases are assessed for claim, offer and judgment value.
Findings
A total of 91.4 percent of compulsory land acquisition court cases over 1985‐2009 were found to be successful in achieving a judgment value of at least that of the offer. The median judgment value for successful cases was 60 percent higher than the offer value, while for unsuccessful cases it was 68 percent lower than the offer value. Successful smaller judgments (<$2 million) generated more upside compensation (median of 66 percent) than larger judgments (>$2 million) (median 41 percent upside compensation). Appealed cases were found to be only 28.6 percent successful, with only a maximum of 5.6 percent additional compensation achieved.
Practical implications
This paper provides a rigorous empirical risk assessment and compensation analysis for compulsory land acquisition court cases in Australia over the last 25 years. This provides an effective tool for dispossessed property owners, statutory acquirers and their professional legal and valuation advisors for more informed compulsory land acquisition court case decision making.
Originality/value
Using all compulsory land acquisition court decisions in Australia over the last 25 years, this paper is the first attempt internationally to rigorously and empirically conduct a risk assessment and compensation analysis involved with proceeding to court for compulsory land acquisition cases. Given the significance of the compulsory land acquisition process, this empirically validated research enables a more informed and critical understanding of the risk factors and compensation outcomes attached to the compulsory land acquisition court case judgment process.
Details
Keywords
In the past, the profit from property investments was always higher than that from other assets, because of the expectation of high rates of increase in land prices. However, as…
Abstract
In the past, the profit from property investments was always higher than that from other assets, because of the expectation of high rates of increase in land prices. However, as Japan′s economic growth has been slowing down, these circumstances for property investments have changed. The income yield rate of commercial property investments in Tokyo decreased sharply from 1982 to 1987 because of the sharp increase in land prices. Though commercial land prices in Tokyo have decreased since 1992, the income yield rate is too low because of decrease of office rents. If the income yield rate does not increase, demand for commercial property investments will not recover because a high rate of increase in land prices cannot be expected in the future.
Details
Keywords
State land ownership and the implications for development in China.
Details
DOI: 10.1108/OXAN-DB200617
ISSN: 2633-304X
Keywords
Geographic
Topical
This paper attempts to analyze the mechanism of land rent distribution under the Soviet and post‐Soviet conditions. The subject is examined from a purely theoretical point of…
Abstract
This paper attempts to analyze the mechanism of land rent distribution under the Soviet and post‐Soviet conditions. The subject is examined from a purely theoretical point of view. The procedure is as follows: first, the socioeconomic meaning of the word “Soviet” is defined. Second, the difference between land rent production and land rent distribution is examined. Finally, Soviet land rent distribution is investigated. Also, changes which the collapse of the Soviet system brought to the process of land rent distribution during the post‐Soviet period are examined. Within this framework, the role of Soviet turnover taxes versus post‐Soviet value‐added taxes is discussed.
Details
Keywords
Pamela Guiling, Damona Doye and B. Wade Brorsen
This paper aims to determine the effects of agricultural, recreational and urban variables on Oklahoma land prices.
Abstract
Purpose
This paper aims to determine the effects of agricultural, recreational and urban variables on Oklahoma land prices.
Design/methodology/approach
An econometric model is estimated using price of agricultural land parcels as the dependent variable and independent variables representing agricultural, recreational and urban uses. Recreational variables include county‐level recreational income from Agricultural Census data as well as deer harvest for each county. Urban variables are functions of population and income for each county. The agricultural variables include rainfall as well as crop returns for cropland and cattle prices for pasture.
Findings
Agricultural variables are the most important, followed by urban and then recreational variables. Transaction prices are higher than commonly used land‐value survey data. The major recreational variable is deer harvest, which is more important in small tracts. The value of pasture is now greater than cropland. Small tract sizes receive substantial premiums.
Research limitations/implications
Agriculture is still an important part of the Oklahoma economy, so the findings might differ in more densely populated states. As with most econometric models, there are possible biases due to errors in measurement or missing explanatory variables.
Practical implications
The paper provides information that could be used by those wanting to estimate land value or wanting to manage land to increase its value.
Originality/value
The paper differs from previous work in both variables considered and the data used. Also, most previous work has not as directly addressed the issue of the relative importance of agricultural, recreational and urban variables.
Details
Keywords
China's population–land contradiction is a crucial issue, and by deeply analyzing causes of wasting arable land, this article recommends some policies to avoid waste.
Abstract
Purpose
China's population–land contradiction is a crucial issue, and by deeply analyzing causes of wasting arable land, this article recommends some policies to avoid waste.
Design/methodology/approach
Based on the current high-, middle- and low-class differentiation in the agricultural products' consumption structure against urban residents' rapid income growth, this article proposes that agricultural products with distinctive regional characteristics should be developed according to regional natural agricultural resources and market demand, so as to ensure that China's scarce arable land can be used effectively.
Findings
Choices in regional agricultural production relate to operational farmers' enthusiasm for profitability and production, residential farmers' ability to ensure their own food security, agriculture's sustainable development and arable land resources' optimal allocation. Therefore, the varietal structure of agricultural products and regional production layout should be compatibly decided according to consumer demand and resource endowment.
Originality/value
During the process of industrialization and urbanization, wasting of arable land has become a social development problem. On the basis of agriculture's regional resource endowment, this article reconstructs the functional positioning of various Chinese agricultural regions and solves the difficult problem of consumption structure transformation and homogeneous competition through the geographical division of labor, thereby optimizing allocation of arable land resources.
Details
Keywords
Li Ling and David Isaac
Describes the historical background to urban land policy in China. Since1979, policies of economic reform have been instituted. In the new“socialist market economy”…
Abstract
Describes the historical background to urban land policy in China. Since 1979, policies of economic reform have been instituted. In the new “socialist market economy”, incentive‐based competition between enterprises has arisen and managers and workers now have interest and returns more closely allied to profitability. Describes recent legislation to consolidate the moves to reform the land market. Urban land reform has provided a supply of land on to the market to establish a functioning property market. It has restrained land use in agriculture, diverting land to a higher, more profitable use.
Details
Keywords
R.D. Rust, D.A. Doane and I. Sawchyn
The bonding of surface mounted components to printed wiring boards (PWBs) is critical to the high yield assembly of components to the PWB. This process is one of the last steps…
Abstract
The bonding of surface mounted components to printed wiring boards (PWBs) is critical to the high yield assembly of components to the PWB. This process is one of the last steps performed in a complicated manufacturing and assembly sequence. Poor bondability at this late stage of assembly produces costly scrap. Aggressive wet‐chemical processes may succeed in cleaning the residues from the metal bonding lands, but in the process the polymeric materials that surround the land areas may be mechanically or visually damaged. Even when processing is carefully controlled during the final formation of land areas in the conformal coating, a thin residue, often invisible to the eye, can partially or fully cover the bonding land area. The residue may be extremely thin, but it inhibits bonding and is very resistant to conventional wet‐chemical cleaning methods. Plasma chemical etching is the one chemical process which can remove the residue from the metal lands and restore bondability without damaging other surfaces of the ready‐to‐assemble PWB. This paper reports examples of plasma removed residues from PWB surface mount bonding lands. The land areas are defined in photodefinable conformal coatings by conventional photolithographic techniques and have a non‐visible surface residue which inhibits the subsequent plating or soldering of the copper land. Auger analyses of the copper land surfaces prior to plasma processing show significant carbon peaks indicative of a polymeric residue. Auger analyses of the copper land surfaces following plasma processing show that the strong carbon peaks are gone.
With the constant increasing scale of urban buildings, the contradiction between supply and demand of land use problems is more prominent. Therefore, the multi-objective space…
Abstract
With the constant increasing scale of urban buildings, the contradiction between supply and demand of land use problems is more prominent. Therefore, the multi-objective space optimal allocation of urban land use based on spatial genetic algorithm was proposed in this paper. Firstly, the present situation of the urban land use resources was expounded; in view of the urban land use planning, a spatial genetic algorithm was proposed; then, the urban land was divided into different functional areas, and the land planning and design method was put forward; finally, taking a city's land space planning as an example, the optimal planning and design were carried out to the geological disasters, low hilly land and land overall utilization; by comparing the land use before and after the planning optimization, the advantages of land optimization design were confirmed.
Details