IDEAS home Printed from https://ideas.repec.org/a/sae/urbstu/v46y2009i11p2277-2300.html
   My bibliography  Save this article

Urban Land and Housing Markets in the Punjab, Pakistan

Author

Listed:
  • David E. Dowall

    (Institute of Urban and Regional Development, University of California at Berkeley, 316 Wurster Hall, University of California, Berkeley, California, 94720, USA, dowall@berkeley.edu)

  • Peter D. Ellis

    (Sustainable Development Department, The World Bank, Washington, DC, USA, pellis@worldbank.org)

Abstract

Well-functioning urban land and housing markets are critical success factors for achieving robust economic growth. This paper provides an overview of urban land and housing market performance in Punjab Province of Pakistan. It describes the characteristics of well-functioning markets and argues that the Punjab’s present markets are not performing adequately. In fact, there exists a range of impediments to efficient urban land and housing market performance: excessive public land ownership, inadequate infrastructure services, weak property rights, pervasive public- and private-sector rent seeking, counter-productive urban planning policies and regulations, costly sub-division and construction regulations, limited financing for property development and acquisition, rent controls and inadequate property-tax-based revenue-generating mechanisms. The paper concludes by suggesting that a prioritised comprehensive reform agenda is needed to improve urban land and housing market performance in Punjab Province. The analytical and conceptual approach used to research this paper is based on standard neo-classical economics. Therefore, the paper does not address broader political economy or structural issues. Consequently, the paper’s contribution should be viewed as limited in scope.

Suggested Citation

  • David E. Dowall & Peter D. Ellis, 2009. "Urban Land and Housing Markets in the Punjab, Pakistan," Urban Studies, Urban Studies Journal Limited, vol. 46(11), pages 2277-2300, October.
    • Handle: RePEc:sae:urbstu:v:46:y:2009:i:11:p:2277-2300
    DOI: 10.1177/0042098009342599
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.1177/0042098009342599
    Download Restriction: no
    File URL: https://libkey.io/10.1177/0042098009342599?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. David F. Bradford & Daniel N. Shaviro, 1999. "The Economics of Vouchers," NBER Working Papers 7092, National Bureau of Economic Research, Inc.
    2. World Bank, 2002. "Pakistan Development Policy Review : A New Dawn?," World Bank Publications - Reports 15425, The World Bank Group.
    3. Ellison, Glenn & Glaeser, Edward L, 1997. "Geographic Concentration in U.S. Manufacturing Industries: A Dartboard Approach," Journal of Political Economy, University of Chicago Press, vol. 105(5), pages 889-927, October.
    4. Paul Thorsnes, 2000. "Internalizing neighborhood externalities: Subdivision size, zoning, and residential lot prices," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 6(2), pages 366-366, May.
    5. Luci Ellis & Laura Berger-Thomson, 2004. "Housing Construction Cycles and Interest Rates," Econometric Society 2004 Australasian Meetings 335, Econometric Society.
    6. Cheshire, Paul & Sheppard, Stephen, 2004. "Land markets and land market regulation: progress towards understanding," Regional Science and Urban Economics, Elsevier, vol. 34(6), pages 619-637, November.
    7. Stuart S. Rosenthal & William C. Strange, 2008. "Agglomeration and Hours Worked," The Review of Economics and Statistics, MIT Press, vol. 90(1), pages 105-118, February.
    8. Mohammad A. Qadeer, 1996. "An Assessment of Pakistan’s Urban Policies, 1947–1997," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 35(4), pages 443-465.
    9. LaFountain, Courtney, 2005. "Where do firms locate? Testing competing models of agglomeration," Journal of Urban Economics, Elsevier, vol. 58(2), pages 338-366, September.
    10. Thorsnes, Paul, 2000. "Internalizing Neighborhood Externalities: The Effect of Subdivision Size and Zoning on Residential Lot Prices," Journal of Urban Economics, Elsevier, vol. 48(3), pages 397-418, November.
    11. Galal, Ahmed & Razzaz, Omar, 2001. "Reforming land and real estate markets," Policy Research Working Paper Series 2616, The World Bank.
    12. Angel, Schlomo, 2000. "Housing Policy Matters: A Global Analysis," OUP Catalogue, Oxford University Press, number 9780195137156.
    13. Alm, James & Annez, Patricia & Modi, Arbind, 2004. "Stamp duties in Indian states - a case for reform," Policy Research Working Paper Series 3413, The World Bank.
    14. Friedman, Joseph H. & Weinberg, Daniel H., 1982. "The Economics of Housing Vouchers," Elsevier Monographs, Elsevier, edition 1, number 9780122683602.
    15. Michael J. Orlando, 2004. "Measuring Spillovers from Industrial R&D: On the Importance of Geographic and Technological Proximity," RAND Journal of Economics, The RAND Corporation, vol. 35(4), pages 777-786, Winter.
    16. Ihlanfeldt, Keith R. & Shaughnessy, Timothy M., 2004. "An empirical investigation of the effects of impact fees on housing and land markets," Regional Science and Urban Economics, Elsevier, vol. 34(6), pages 639-661, November.
    17. Ryohei Nakamura, 2005. "Agglomeration Economies and Linkage Externalities in Urban Manufacturing Industries - A Case of Japanese Cities," ERSA conference papers ersa05p768, European Regional Science Association.
    18. Friedman, Joseph & Jimenez, Emmanuel & Mayo, Stephen K., 1988. "The demand for tenure security in developing countries," Journal of Development Economics, Elsevier, vol. 29(2), pages 185-198, September.
    19. Leland S. Burns & Leo Grebler, 1977. "The Housing of Nations," Palgrave Macmillan Books, Palgrave Macmillan, number 978-1-349-03045-3.
    20. Ohls, James C. & Weisberg, Richard Chadbourn & White, Michelle J., 1974. "The effect of zoning on land value," Journal of Urban Economics, Elsevier, vol. 1(4), pages 428-444, October.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Antonia C. Settle, 2018. "The Informal Economy as a Site of Liquidity: Pakistan's Land Market," Development and Change, International Institute of Social Studies, vol. 49(5), pages 1291-1313, September.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. World Bank, 2006. "Urban Land and Housing Markets in the Punjab, Pakistan," World Bank Publications - Reports 8280, The World Bank Group.
    2. Guillaume POUYANNE & Frederic GASCHET, 2013. "The Effect Of Current And Future Land Use On House Prices," ERSA conference papers ersa13p249, European Regional Science Association.
    3. Buckley, Robert M. & Kalarickal, Jerry, 2004. "Shelter strategies for the urban poor : idiosyncratic and successful, but hardly mysterious," Policy Research Working Paper Series 3427, The World Bank.
    4. Lall, Somik V. & Mengistae, Taye, 2005. "Business environment, clustering, and industry location : evidence from Indian cities," Policy Research Working Paper Series 3675, The World Bank.
    5. Rayman Mohamed, 2009. "Why Do Residential Developers Prefer Large Exurban Lots? Infrastructure Costs and Exurban Development," Environment and Planning B, , vol. 36(1), pages 12-29, February.
    6. Delgado, Mercedes & Porter, Michael E. & Stern, Scott, 2014. "Clusters, convergence, and economic performance," Research Policy, Elsevier, vol. 43(10), pages 1785-1799.
    7. Feldman, Maryann P. & Kogler, Dieter F., 2010. "Stylized Facts in the Geography of Innovation," Handbook of the Economics of Innovation, in: Bronwyn H. Hall & Nathan Rosenberg (ed.), Handbook of the Economics of Innovation, edition 1, volume 1, chapter 0, pages 381-410, Elsevier.
    8. Cheshire, Paul, 2009. "Urban land markets and policy failures," LSE Research Online Documents on Economics 30837, London School of Economics and Political Science, LSE Library.
    9. Hee Jin Yang & Jihoon Song & Mack Joong Choi, 2016. "Measuring the Externality Effects of Commercial Land Use on Residential Land Value: A Case Study of Seoul," Sustainability, MDPI, vol. 8(5), pages 1-15, April.
    10. Paul Cheshire & Stephen Sheppard, 2005. "The Introduction of Price Signals into Land Use Planning Decision-making: A Proposal," Urban Studies, Urban Studies Journal Limited, vol. 42(4), pages 647-663, April.
    11. McConnell, Virginia & Walls, Margaret & Kopits, Elizabeth, 2006. "Zoning, TDRs and the density of development," Journal of Urban Economics, Elsevier, vol. 59(3), pages 440-457, May.
    12. Tan Yigitcanlar & Md. Kamruzzaman & Suharto Teriman, 2015. "Neighborhood Sustainability Assessment: Evaluating Residential Development Sustainability in a Developing Country Context," Sustainability, MDPI, vol. 7(3), pages 1-33, March.
    13. Jyh-Bang Jou & Tan (Charlene) Lee, 2015. "How Do Density Ceiling Controls Affect Housing Prices and Urban Boundaries?," The Journal of Real Estate Finance and Economics, Springer, vol. 50(2), pages 219-241, February.
    14. Ugo Fratesi, 2008. "Issues in the Measurement of Localization," Environment and Planning A, , vol. 40(3), pages 733-758, March.
    15. Junjie Hong & Shihe Fu, 2011. "Information and Communication Technologies and the Geographical Concentration of Manufacturing Industries," Urban Studies, Urban Studies Journal Limited, vol. 48(11), pages 2339-2354, August.
    16. De Bruyne, Karolien, 2009. "Explaining the Location of Economic Activity. Is there a Spatial Employment Structure in Belgium?," Working Papers 2009/28, Hogeschool-Universiteit Brussel, Faculteit Economie en Management.
    17. Paul Cheshire & Stephen Sheppard, 2005. "Introducing Price Signals into Land Use Planning Decision-making - a Proposal," ERSA conference papers ersa05p42, European Regional Science Association.
    18. Lawrence W C Lai & Connie W Y Hung, 2008. "The Inner Logic of the Coase Theorem and a Coasian Planning Research Agenda," Environment and Planning B, , vol. 35(2), pages 207-226, April.
    19. Gu, Jing & Shi, Xinyu & Wang, Peini & Xu, Xun, 2022. "Examining the impact of upstream and downstream relationship stability and concentration on firms’ financial performance," Journal of Business Research, Elsevier, vol. 141(C), pages 229-242.
    20. Bun Lee & Eui-Chul Chung & Yong Kim, 2004. "Dwelling Age, Redevelopment, and Housing Prices: The Case of Apartment Complexes in Seoul," The Journal of Real Estate Finance and Economics, Springer, vol. 30(1), pages 55-80, October.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sae:urbstu:v:46:y:2009:i:11:p:2277-2300. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: SAGE Publications (email available below). General contact details of provider: http://www.gla.ac.uk/departments/urbanstudiesjournal .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.