타당성 조사에서의 토지의 사회적 비용에 관한 기초연구: 개발사업의 용지부담금을 중심으로

Abstract

In the perspective of the social cost, whether the land use and development charges should be reflected in the economic cost is one of the critical issues in the feasibility analysis of urban development projects, because charges are usually considered as transfer payments in public finance. However, after examining imposing purposes, expenditures, and attribution accounts of individual charges, it is found that it is not clear to exclude the fees from transfer payments of the project. Besides, in terms of land economics, the amount of the fees does not reflect social cost in many cases; it is difficult to consider it as opportunity costs of the original land and social costs derived from the development. Therefore, we review the economic feasibility of the three scenarios based on the charges able to replace as transfer payments or substituted costs. As a result of scenario analysis, B/C and IRR show not much of a difference, but NPV reveals significant difference. This indicates applying the charges to economic costs is crucial impact to make the project feasible. This study has confirmed that land development charges can be considered as social costs - we hope that discussions on the social value of land become active through this study.