Understanding the relationship between spatial information, property markets and macroeconomic policy
Year: 2011
Type: conference-paper
Abstract: An important relationship exists between property markets, macroeconomic policy and spatial information. This relationship is often constrained by institutions, policy and the lack of technology. Increasingly intergovernmental cooperation and advancement in spatial technologies enables spatial enablement, offering the potential to include authoritative spatial information generated by a country’s land administration system, in government macroeconomic decisions. A review of literature shows both disciplines of land administration and macroeconomics advocating the role of secure property rights as key to economic progress. However the link between the agencies that support secure market transactions and generate land information, and those that use the information to manage the economy is not made. As a result, suboptimal governmental fiscal and monetary decisions can occur. Two case studies of the Australian context, with a focus on managing land taxes and administering interest on debt financing, illustrate this. Results of the case studies are used to derive a simplified empirical model that aims to articulate and promote the role of government spatial information in policy and decision-making. Practical implementation will require determination of the legal, institutional, and technical requirements of the model.
Institution: The University of Melbourne
Language: English
Subfield: Building and Construction
Field: Engineering
Domain: Physical Sciences
Open Access status: green
Funder: University of Melbourne
OpenAlex ID: W2188658932