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Classical economics recognizes three categories of inputs into production: land, labor, and capital goods. The three factors are also germane to Austrian economics.

Airports are the portals where international air transport networks, which are increasingly important in a globalized, services-oriented economy, intersect with regional and metropolitan ground transportation networks. Our hypothesis is that, at this nexus, the degree of international connectivity at an airport and distance from the airport manifests itself in the value of commercial properties. As such airports are shaping the urban form around them and highlight the importance of integrated metropolitan and airport planning. Looking at Canada’s two largest international airports at Toronto, Ontario and Vancouver, BC, and controlling for other factors, we see evidence that commercial properties decrease in value as distance to the airport increases and increase in value as the range of international frequencies and destinations available at the airport increase. We introduce a new concept of land-use at and around airports of “aviation-dependent” which would include hotels and corporate head offices, in addition to the traditional “aviation-related” and “aviation-compatible” uses. We see the effects of distance and connectivity are particularly pronounced on commercial properties occupied by aviation-dependent uses.

Dublin, Wednesday, 1 a.m., Aug. 9, 1882.

The local property tax is the oldest tax in the United States, as well as being the only substantial tax on landed wealth, a major part of the housing expense of most American families, and the most important revenue source for local governments. It is also increasingly limited by state law. This chapter presents a synthetic review of the literature on property tax limitation laws. Property taxation is a crucial resource for local governments because it is primarily a tax on real estate, and land is the least mobile tax base. A tax on the market value of real estate may have the effect of transmitting real estate price shocks to individual land users. Property tax limitation laws provide some homeowners with social protection from such market-induced economic shocks, but they do so at the price of a substantial reduction in state capacity. A meta-regression analysis of published studies finds that property tax levy limitations, on average, reduce local government budgets by as much as 5%. The potential implications for provision of other public goods, including social protection for other groups, are discussed.

Purpose – The purpose of this research is to to determine the value of land erodibility in Krueng Seulimum watershed.

Design/Methodology/Approach – This research apply survey method and field measurement that begins with making land unit map.

Findings – The results showed that Krueng Seulimum watershed consisted of 22 units of land (LU). The value of land erodibility in secondary forest land use is low, i.e., 0.13–0.19 (LU 13 and 22), the value of land erodibility in grazing lands land use is medium, i.e., 0.31–0.32 (LU 9 and 11 ), the value of land erodibility in scrub lands land use is rather high, i.e., 0.33–0.35 (LU 2, 6, 12, 15, and 19) and the value of land erodibility in dry land agriculture land use is medium – rather high, i.e., 0.28–0.35 (LU 3, 7, 10, and 16).

Research Limitations/Implications – The land use directions for scrub lands is for cocoa-based mixed crops, such as cocoa monoculture, cocoa + areca nut, and cocoa +banana.

Practical Implications – The use of dry land agriculture is maintained for land use coupled with agrotechnology action that is guludan terrace plus mulsa application.

Originality/Value – Most of the soil in the Krueng Seulimum watershed has very low soil fertility level that affects nutrient availability plant. These characteristics should be considered in the direction of land use in the Krueng Seulimum watershed.