Journal
HABITAT INTERNATIONAL
Volume 44, Issue -, Pages 62-71Publisher
PERGAMON-ELSEVIER SCIENCE LTD
DOI: 10.1016/j.habitatint.2014.04.013
Keywords
Catallaxis; Land market; Rent seeking; Urban rent dissipation; Land reclamation
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This paper describes three models of state planning for land reclamation and advances a fourth in the form of a modified neo-institutional economic theory of urban rent dissipation by Steven Cheung (1974) to interpret state-led reclamations as a way to break the control of land by land oligarchs. By comparing the concepts of new towns and other strategic reclamations in Hong Kong (HK) and the urban expansion of the Shenzhen Special Economic Zone (SSEZ), this paper illustrates how the idiosyncratic forces of the land market drive the state to seek ways to create land through reclamation to achieve its planning goals. (C) 2014 Elsevier Ltd. All rights reserved.
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