Skip to main content

An Economic Case for Land Reform

MacMillan, Douglas C. (2000) An Economic Case for Land Reform. Land Use Policy, 17 (1). pp. 49-57. ISSN 0264-8377. (KAR id:38296)

PDF Publisher pdf
Language: English
Download (206kB) Preview
[img]
Preview

Abstract

Land reform is concerned with intervention in the prevailing pattern of land ownership, control, and usage. In the case of land, which is freely traded in the open market, the UK Treasury supports government intervention when some form of market failure has been diagnosed, and if measures to correct for market failure can be shown to be cost-e!ective. Although market failure has been the subject of intense research e!ort in the "eld of environmental and health economics, its potential role in land markets has not been examined. With the prospect of new land reform legislation following closely on the creation of the Scottish Parliament, there is therefore, a need to explore the economic case for intervention in the land market based on market failure. The conclusions, based on the four case studies, are first that market failure is found to be present in the ownership and management of land, and second, that much could be accomplished without the need for new legislation or signi"cant public "nancing. Although this paper has focused on Scotland and the context for land reform demands di!ers throughout the world, one conclusion of global relevance is that market failure, rather than the free-market per se is a more likely cause of social unrest over land. This can perhaps be best illustrated by local

land monopolies and the barriers that they can create for poorer members of society seeking access to the land resource.

Item Type: Article
Uncontrolled keywords: Market failure; Land reform; Cost-e!ectiveness; Scotland; Red deer
Subjects: G Geography. Anthropology. Recreation
Divisions: Faculties > Social Sciences > School of Anthropology and Conservation
Faculties > Social Sciences > School of Anthropology and Conservation > Biodiversity Management Group
Depositing User: Douglas MacMillan
Date Deposited: 14 Feb 2014 13:10 UTC
Last Modified: 05 Feb 2020 04:05 UTC
Resource URI: https://kar.kent.ac.uk/id/eprint/38296 (The current URI for this page, for reference purposes)
MacMillan, Douglas C.: https://orcid.org/0000-0003-2573-5049
  • Depositors only (login required):

Downloads

Downloads per month over past year