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Estate Development (estate + development)

Distribution by Scientific Domains

Humanities and Social Sciences	80%

Selected Abstracts

The Henry George Theorem and the Entrepreneurial Process: Turning Henry George on his Head

AMERICAN JOURNAL OF ECONOMICS AND SOCIOLOGY, Issue 1 2010
Laurence S. Moss
This chapter offers an interpretation of the Henry George Theorem (HGT) that brings it squarely into the study and analysis of entrepreneurship somewhat loosening its ties to the subfield of urban economics. I draw on the pioneering work of Spencer Heath whose insights about the viability of proprietary communities were developed further by his grandson, Spencer Heath MacCallum who, in 1970, recognized that private real estate developers sometimes make their capital gains (mostly) by creating useful public spaces that others enjoy. I also draw inspiration from Fred Foldvary's effort in 1994 to synthesize the pubic goods problem in economics with the Henry George Theorem in urban economics. While the real estate owner,developer does emerge on my pages in a somewhat more favourable light than as originally portrayed by Henry George in his Progress and Poverty in 1879, I offer a realistic appraisal of the duplicitous behaviours required of such entrepreneurs. in the context of the modern regulatory state. Real estate development remains a ,hot button' item in local politics, and real estate developers must become genuine ,political entrepreneurs' if they are to complete their projects in a timely way and capture business profits. It is a complicated story that the HGT helps make intelligible in terms of human action. [source]

Rural mobility as a response to land shortages: the case of Malawi

POPULATION, SPACE AND PLACE (PREVIOUSLY:-INT JOURNAL OF POPULATION GEOGRAPHY), Issue 4 2006
Deborah Potts
Abstract Malawi is the most densely populated country in southern Africa, and its economy and the livelihoods of the vast majority of its people are dependent on agriculture. Rural land is, therefore, a critical resource. Malawi is divided into three Regions and during the colonial period, such economic development as did occur tended to be concentrated in the Southern Region. The Northern Region was often characterised, by contrast, as the ,dead North'. Levels of economic development in the Central Region fell between the other two regions. At independence in the 1960s, internal migration patterns reflected this, with net in-migration to the Southern Region and net out-migration from the Northern. In the 40 years since, there have been marked changes in these patterns, and in the last intercensal period, 1987,1998, the Northern Region was experiencing net in-migration from the Southern Region, and was the fastest growing region. This paper traces these changes over time through analysis of census data, and relates them to increasingly serious land shortages in the south and the geography of tobacco estate development since independence. This analysis is further supported by a range of other surveys and research which indicate the depth of land shortage and rural poverty in the south of the country. The paper concludes that rural,rural migration, although under-studied, particularly in southern Africa, is a vitally important aspect of rural livelihood change and positive adaptation in sub-Saharan Africa which deserves more attention. Copyright © 2006 John Wiley & Sons, Ltd. [source]

Optimal Valuation of Claims on Noisy Real Assets: Theory and an Application

REAL ESTATE ECONOMICS, Issue 3 2002
Paul D. Childs
A theory for valuing claims on noisy real assets is developed and applied. Central to the theory is determination of the dynamics for the best estimate of real asset value. The dynamics of the value estimate are shown to differ from the dynamics of the true asset value only in the arrival rate of information. The rate of information arrival in the value estimate can be faster or slower than information arrival in the true asset value, which can lead to unexpected outcomes in the valuation and exercise of options on noisy real assets. The theory we develop is illustrated through an application. An imperfectly competitive market for real estate development is examined, in which agents compete over the timing of lead investment. Information spillover and free,rider incentives are shown to cause significant delay in lead investment. Delay together with a competitive response once lead investment has occurred explain observed patterns of development in gentrified urban land markets and multistage development projects. [source]

Connecting EIA to environmental management systems: lessons from industrial estate developments in England

CORPORATE SOCIAL RESPONSIBILITY AND ENVIRONMENTAL MANAGEMENT, Issue 2 2007
Paul Slinn
Abstract This paper concerns the relationship between environmental assessment and environmental management systems in the context of recent industrial estate developments. Drawing on environmental statements and interviews with developers, an examination was carried out of the level of good practice in estate design and operation, and the way in which this was influenced by environmental impact assessment and environmental management systems. The study concludes that the environmental impact assessment system worked well within the context of land use planning, but that it failed to facilitate the planning of effective environmental management in practice, with the consequence that the projects examined failed to meet many of the good practice criteria against which they were tested. Finally, several recommendations are made to strengthen continuity between the two. Copyright © 2006 John Wiley & Sons, Ltd and ERP Environment. [source]