본문 바로가기
  • Home

Analysis of Factors in Government Policy Restraining Private Investment in Land Development

Lee Yong Kyu 1 김중태 1

1중앙대학교

Accredited

ABSTRACT

In the case of Korea, due to the public nature of land and price stabilization policy, the public sector has been deeply involved in land distribution. Since the role of the public sector is limited in the public goods market, the private sector has to play a primary role as a supplier of land. However, according to a recent survey, the current land-supply policy is negatively affecting the private sector; Furthermore, it is discouraging the private sector to invest in land development and home construction. Therefore, the land-supply plan of the Korean government could not be accomplished without a major change on land-supply policy. In this context, this study has analyzed the current land-supply policy from the view point of private land developers; It was found that a reformation in the ‘Price ceiling system’ and ‘Donation policy’ could increase the investment in land development by private sectors, utilizing structural equation method(SEM). In order to increase reliability of research result, another statistical method, Analytic Hierarchy Process(AHP), was also utilized.

Citation status

* References for papers published after 2022 are currently being built.