![]() ![]() It clearly explains Ethiopia’s fast urbanization and its impact on urban centres in making informal settlements. Part II is about informality in urban land and housing. Part I of the book tries to fill this gap. However, successful interventions require good information on the nature and characteristics of informality in the country. The role small and medium enterprises play in the process of economic development is now widely acknowledged. Although this sector employs the great majority of the labour force, it is only recently that policy interventions have been initiated towards developing the sector through programmes such as micro- and small-scale enterprise development. ![]() ‘Informal’ businesses are defined as illegal, unlicensed businesses which do not keep books of account and ‘small-scale’ as businesses and cooperatives with fewer than ten employees. It reflects on the performance of informal small-scale businesses in urban Ethiopia based on productivity levels and employment creation. Part I of the book deals with the informal urban economy. The information clearly elucidates ‘how to’ and ‘why to’ incorporate informality as a rational strategy of local and national governments in a situation where they cannot create enough employment, nor provide the necessary services. The book commences with an introduction, which contains the history of the informal sector and the conceptualization by sketching a number of theoretical developments. Furthermore, in an economic sense, it is crucial to examine the urban land value determinants from both demand and supply side at a time when less attention has been paid thereto in the literature. Originality/Value: Several studies that have assessed urban land expansion and administration, however, paid less attention to the urban land lease market. ![]() Moreover, the municipal government should ensure equitable access to urban land by controlling land speculation. ![]() Hence, the municipality should enhance infrastructure development across all plot locations and exercise strict control of land speculation to increase municipal revenue, and address supply and demand-driven challenges. Practical Implication: The rapid urbanization in Ethiopia has generated intensified supply and demand-driven challenges for public policy. On the other hand, distance, and plot inaccessible to basic services associated negatively and significantly with the urban land lease markup price. Auctioneers paid a premium for plots having a larger size, extended payment period, access to basic services, and specified for residential housing. The findings revealed that plot size, payment period, monthly income, plots accessible to basic services, plot location, land use type, and land lease auctioned period associated positively and significantly with the urban land lease markup price. Findings: The study found both supply and demand-driven factors associated with plot markup price. The model produced robust relationships and consistent results with previous studies. The data was analyzed using the pooled ordinary least square technique. The data was gathered from the Mekelle municipality between 2014-2019. Design/Methodology/Approach: A nomothetic methodology with a standardized and quantitative method of data analysis was adopted for this study. Purpose: The ultimate objective of the study is to examine the determinants of the urban land lease market in an emerging economy with empirical evidence from Ethiopia. ![]()
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