The Global Compendium of Land Value Capture, a joint project by the OECD and the Lincoln Institute of Land Policy, is an ambitious undertaking to understand the full landscape of land value capture (LVC) instruments, how they are configured and deployed across the globe in OECD countries and non-OECD economies, and what it would take to unleash their full potential as a sustainable revenue source. Moreover, little systematic information is available about the LVC instruments that countries use and enabling frameworks at national and regional levels to guide local governments toward greater use. The report features an overview of the political contexts, legal frameworks, and LVC approaches used in 60 countries. Special attention is given to the differences and similarities between countries that have a mature LVC practice, versus countries that have nascent policies and allowances. This will help countries developing the capacity and competences for LVC to understand the opportunities, trade-offs, and pitfalls to avoid when configuring legal, governance, and planning frameworks and institutions to support the implementation of LVC policies.
Regional development or “place-based” policies are essential to enhance the performance and well-being in all regions. These policies can help reduce regional inequalities, drive efficiencies in public service delivery, support quality infrastructure, boost national performance, enhance resilience and support environmentally sustainable development.
Underpinned by unique granular data at the regional and local levels, the publications in this series consider how regional development is affected by issues such as globalisation, climate change, innovation, digitalisation, demographic change.
These reports and their policy recommendations are relevant to national, regional and local governments, financial institutions, academics, businesses and civil society.