Time: Tuesday, 2 August at 10.30–11.30am
William Pyle (Middlebury College): Land rights, industry and the post-socialist cityscape
Abstract
Across the former socialist countries, planners made industrial location decisions in relative ignorance of land’s opportunity costs, leaving behind a legacy of inefficiently organized, factory-dominated cityscapes. Drawing on unique survey evidence and policy variation across territorial units within Russia, this article explores how land tenure reforms influence the pace at which the legacy of socialist spatial misallocation is being erased. Specifically, the evidence suggests that the privatization of land underneath Russia’s industrial enterprises has promoted land reallocation. By unlocking valuable real estate from planner-ascribed purposes, property rights reforms help deindustrialize the country’s hyper-industrialized cities.
BOFIT seminars
The seminars are open to all economists interested in the subject areas covered.
Please register in advance at bofit@bof.fi or by phone +358 10 831 2268.
Seminars will be held on Tuesdays at 10.30–11.30 unless otherwise indicated.
Visitors will be escorted from Rauhankatu 19 B (kirjasto bibliotek) entrance to the seminar room.