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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| Language: | English |
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World Bank, Washington, DC
2019
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| Online Access: | http://documents.worldbank.org/curated/en/325261565097420484/Location-Location-Location-Revisited-Evidence-from-Antananarivo-Madagascar http://hdl.handle.net/10986/32210 |
| Summary: | 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. |
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