earticle

영어

The fundamental purpose of this paper is to examine the trade-off effects of the greenbelt restrictions. By removing development restrictions in the greenbelt lands, positive and negative effects can be expected in social point of view. The positive effect is the increase in efficiency of land, and the negative effect is the decrease in environmental value of the land. This paper compares the positive effect measured by land price increase with the negative effect measured by the loss of vegetation value. The main findings are follows. First, the greenbelt restrictions have been released for public-led development in many times and in many areas by public sector. Second, the land prices of various use after releasing from the greenbelt restriction have increased sharply. Among many land uses, the land of residential use revealed the highest price increase. Third, the environmental values of the released lands, measured by vegetation index(NDVI), have deeply been degraded. Among land uses, the lands for manufacturing and commercial uses showed the worst degradation. By summing up above findings, this paper concludes that there exists a strong trade-off between land price and vegetation value of the lands released from the greenbelt restriction.