TY  - BOOK
AU  - Kisunko,Gregory
AU  - Coolidge,Jacqueline
AU  - Kisunko,Gregory
TI  - Survey of Land and Real Estate Transactions in the Russian Federation: Statistical Analysis of Selected Hypotheses 
PY  - 2007///
CY  - Washington, D.C.
PB  - The World Bank
KW  - Administrative Costs
KW  - Auctions
KW  - Cities
KW  - Common Property Resource Development
KW  - Communities & Human Settlements
KW  - Disclosure
KW  - Enterprises
KW  - Finance and Financial Sector Development
KW  - Land
KW  - Land and Real Estate Development
KW  - Land Prices
KW  - Land Pricing
KW  - Land Taxes
KW  - Land Use and Policies
KW  - Laws
KW  - Legislation
KW  - Local Government
KW  - Municipal
KW  - Municipal Financial Management
KW  - Municipal Governments
KW  - Municipal Housing and Land
KW  - Municipalities
KW  - Private Sector Development
KW  - Privatization
KW  - Productivity
KW  - Projects
KW  - Property
KW  - Public Sector Management and Reform
KW  - Real Estate Development
KW  - Revenue
KW  - Rural Development
KW  - Subnational Governance
KW  - Urban Development
KW  - Urban Governance and Management
KW  - Urban Housing
N2  - This paper analyzes land transactions between municipalities and private businesses based on official data and business surveys in 15 regions of the Russian Federation. Since the Russian Federation passed the new Land Code in 2001, land privatization has been officially encouraged by the federal government and in particular, land under previously privatized buildings was supposed to be privatized to the owner at a nominal price. The paper shows that many subnational authorities (which own or control the vast majority of land of interest to businesses) appear to use a combination of high statutory land buy-out prices and administrative barriers to deter land privatization and to offer "long-term leases" (which are not fully marketable) instead. On the other hand, regions that have established low buy-out prices and taken steps to remove unnecessary administrative barriers to land privatization appear to have higher rates of land ownership by businesses, and to face lower levels of corruption in the privatization process. The paper concludes that further reductions in the statutory prices for privatization of land under buildings and elimination of unnecessary administrative barriers should help to encourage further land privatization and the development of a competitive, secondary market in commercial land
UR  - http://elibrary.worldbank.org/doi/book/10.1596/1813-9450-4115
ER  -