Governance of land use in OECD countries. Policy analysis and recommendations.
How land is used affects a wide range of outcomes – from day-to-day quality of life, such as the length of commutes, to the environmental sustainability of urban and rural communities, including the possibility for climate change adaptation and mitigation. Moreover, the economic importance of land is immense. Land and the buildings on it are approximately seven times as valuable as all other assets taken together and land-use policies play a crucial role in determining land and property prices. Beyond economic value, land also has important sentimental value.