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On the Role of Government Land Information in Macroeconomic Policies

Author

Listed:
  • Nilofer Tambuwala
  • Rohan Bennett
  • Abbas Rajabifard
  • Jude Wallace
  • Ian Williamson

Abstract

In many countries macroeconomic policy making and land administration operate independently. A review of the literature from both disciplines supports this view. The failure to include authoritative land information generated by a country's land administration system in macroeconomic policy making can result in suboptimal governmental fiscal and monetary decisions. This is demonstrated through two case studies of the Australian context, with a focus on managing land taxes and administering interest on debt financing. A simplified empirical model is derived from the study results. The model aims to articulate and promote the important role of government land information in policy and decision making. Practical implementation will require determination of the legal, institutional, and technical requirements of the model.

Suggested Citation

  • Nilofer Tambuwala & Rohan Bennett & Abbas Rajabifard & Jude Wallace & Ian Williamson, 2011. "On the Role of Government Land Information in Macroeconomic Policies," Environment and Planning C, , vol. 29(6), pages 1087-1101, December.
    • Handle: RePEc:sae:envirc:v:29:y:2011:i:6:p:1087-1101
    DOI: 10.1068/c1111r
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    References listed on IDEAS

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    3. Mark J. Garmaise, 2004. "Confronting Information Asymmetries: Evidence from Real Estate Markets," The Review of Financial Studies, Society for Financial Studies, vol. 17(2), pages 405-437.
    4. John M. Clapp & Walter Dolde & Dogan Tirtiroglu, 1995. "Imperfect Information and Investor Inferences From Housing Price Dynamics," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 23(3), pages 239-269, September.
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