Chapter

Access to Land and the Investment Behaviour of Firms

Ibrahim Elbadawi

in The Economy of Dubai

Published in print February 2016 | ISBN: 9780198758389
Published online March 2016 | e-ISBN: 9780191818325 | DOI: https://dx.doi.org/10.1093/acprof:oso/9780198758389.003.0013
Access to Land and the Investment Behaviour of Firms

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Despite abundance of land and substantial development of the real estate sector, preliminary evidence from a 2010 firms’ survey conducted by the Dubai Economic Council suggests that access to land was a major impediment to firms’ operations in Dubai. This chapter assesses this evidence by formally modelling the probability of this phenomenon and finds that, overall, problems of land access appear to be more severe for firms located in the free zones; however, Main Dubai firms that are ‘effectively’ owned by foreigners tend to face the most extreme constraints, compared to all other firms in both economic zones. Moreover, the chapter also finds that problems of land access have negative implications for industrial development, among other things because they discourage firms’ investment in fiscal capital and training of employees.

Keywords: commercial land; access to land; investment; human capital; free zone; firms’ survey; Dubai

Chapter.  8794 words.  Illustrated.

Subjects: International Economics ; Economic Development and Growth

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