Abstract
Market economy and democratic evolution in public policy requires a shift from a comprehensive rational and positivism approach to including normative considerations through a social participatory thesis. The key question of this chapter's examination is: Do the fundamental ideas of econometric evaluation of land value as a basis for public policy contribute worth for the society as a whole? Policy that exploits market mechanisms cannot be developed in isolation of the larger societal needs that are required to enrich democracy. To do this, the authors provide an econometric model of valuation of land to test and predict policy outcomes to enhance democratic transition. Establishing market value is a tool that supports policy economic development goals and normative outcomes desired through political transparency in the emergence to democratic processes. The authors conclude with recommendations for implementation to support stakeholders in the policymaking process.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.