Location, Location, Location Revisited : Evidence from Antananarivo, Madagascar

Understanding how land prices are determined is of particular importance for policy makers; however, there is little evidence in African countries, which are currently experiencing rapid urbanization. The paper examines the relationship between lan...

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Main Author:	Iimi, Atsushi
Format:	Working Paper
Language:	English
Published:	World Bank, Washington, DC 2019
Subjects:	LAND AND HOUSING LAND PRICE RURAL TRANSPORTATION INFRASTRUCTURE SPATIAL AUTOREGRESSIVE MODEL URBANIZATION URBAN TRANSPORT HOUSING PRICE
Online Access:	http://documents.worldbank.org/curated/en/325261565097420484/Location-Location-Location-Revisited-Evidence-from-Antananarivo-Madagascar http://hdl.handle.net/10986/32210

id	okr-10986-32210
recordtype	oai_dc
spelling	okr-10986-322102022-08-04T12:19:39Z Location, Location, Location Revisited : Evidence from Antananarivo, Madagascar Iimi, Atsushi LAND AND HOUSING LAND PRICE RURAL TRANSPORTATION INFRASTRUCTURE SPATIAL AUTOREGRESSIVE MODEL URBANIZATION URBAN TRANSPORT HOUSING PRICE Understanding how land prices are determined is of particular importance for policy makers; however, there is little evidence in African countries, which are currently experiencing rapid urbanization. The paper examines the relationship between land prices and locational characteristics using data from Antananarivo, the capital of Madagascar. It is found that the land value gradients are relatively steep, indicating that the land and housing prices tend to overshoot in the middle of the city, pushing the poor away from the city to suburban areas. It is also found that access to transport infrastructure and services, such as minibuses, is an important determinant of land value. Not only transport connectivity, but also other factors, such as proximity to amenities and administrative centers, are found to be important. Better land management and urban transport policies are called for to promote these aspects in the city. 2019-08-07T20:54:16Z 2019-08-07T20:54:16Z 2019-08 Working Paper http://documents.worldbank.org/curated/en/325261565097420484/Location-Location-Location-Revisited-Evidence-from-Antananarivo-Madagascar http://hdl.handle.net/10986/32210 English Policy Research Working Paper;No. 8958 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Policy Research Working Paper Africa Madagascar
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	LAND AND HOUSING LAND PRICE RURAL TRANSPORTATION INFRASTRUCTURE SPATIAL AUTOREGRESSIVE MODEL URBANIZATION URBAN TRANSPORT HOUSING PRICE
spellingShingle	LAND AND HOUSING LAND PRICE RURAL TRANSPORTATION INFRASTRUCTURE SPATIAL AUTOREGRESSIVE MODEL URBANIZATION URBAN TRANSPORT HOUSING PRICE Iimi, Atsushi Location, Location, Location Revisited : Evidence from Antananarivo, Madagascar
geographic_facet	Africa Madagascar
relation	Policy Research Working Paper;No. 8958
description	Understanding how land prices are determined is of particular importance for policy makers; however, there is little evidence in African countries, which are currently experiencing rapid urbanization. The paper examines the relationship between land prices and locational characteristics using data from Antananarivo, the capital of Madagascar. It is found that the land value gradients are relatively steep, indicating that the land and housing prices tend to overshoot in the middle of the city, pushing the poor away from the city to suburban areas. It is also found that access to transport infrastructure and services, such as minibuses, is an important determinant of land value. Not only transport connectivity, but also other factors, such as proximity to amenities and administrative centers, are found to be important. Better land management and urban transport policies are called for to promote these aspects in the city.
format	Working Paper
author	Iimi, Atsushi
author_facet	Iimi, Atsushi
author_sort	Iimi, Atsushi
title	Location, Location, Location Revisited : Evidence from Antananarivo, Madagascar
title_short	Location, Location, Location Revisited : Evidence from Antananarivo, Madagascar
title_full	Location, Location, Location Revisited : Evidence from Antananarivo, Madagascar
title_fullStr	Location, Location, Location Revisited : Evidence from Antananarivo, Madagascar
title_full_unstemmed	Location, Location, Location Revisited : Evidence from Antananarivo, Madagascar
title_sort	location, location, location revisited : evidence from antananarivo, madagascar
publisher	World Bank, Washington, DC
publishDate	2019
url	http://documents.worldbank.org/curated/en/325261565097420484/Location-Location-Location-Revisited-Evidence-from-Antananarivo-Madagascar http://hdl.handle.net/10986/32210
_version_	1764476038633488384

Location, Location, Location Revisited : Evidence from Antananarivo, Madagascar

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