Is the Impact of Public Investment Neutral Across the Regional Income Distribution? Evidence from Mexico

Costa-i-Font, Joan

doi:10.1111/j.1944-8287.2005.tb00272.x

Cited by 19 publications

(14 citation statements)

References 44 publications

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“…Based on location theory and supply-demand theory, considering the complicated land market in China and the available databases, representative elements were chosen to analyze the spatially varying effects on residential land price after a series of statistical analyses, including immigrant population [22,[32][33][34], gross domestic product (GDP) [17,35] and investment in residential buildings [36][37][38][39][40]. The economic data are from the China City Statistical Yearbook directly [41].…”

Section: Impact Factorsmentioning

confidence: 99%

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Spatiotemporal Effects of Main Impact Factors on Residential Land Price in Major Cities of China

Yang

et al. 2017

Sustainability

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Abstract:With the rapid development of land marketization in China, the spatial patterns of residential land prices in different regions have become increasingly complicated. The very high and continuously rising residential land prices in many cities are causing significant challenges to economic development and social stability. Yet, there has only been a limited amount of attempts made to model and analyze the regional dynamic changes of residential land price systematically, especially in term of the spatially varying effects of key demographic and economic factors. In this study we provided a perspective analysis of the changes of residential land prices in 2008, 2011 and 2014 based on the land price monitoring records of 105 cities and then conducted a geographically weighted regression (GWR) analysis on the relationships between residential land price and three major impact factors (i.e., immigrant population, gross domestic product (GDP) and investment in residential buildings). Results show that the areas in which GDP had relatively strong positive impacts on residential land price expanded with time. The negative effects of immigrant population on residential land price were mainly concentrated in the cities around the Bohai Rim and the area with negative effects gradually shrank in the three studied years. Conversely, the areas with negative correlation between investment in residential buildings and residential land price gradually expanded in size over time. A geographical detector was used to examine the relative importance of factors to residential land price. It was found that the GDP had more significant influence on residential land price than other factors and the influence of the three factors to overall variation in residential land price increased over the three studied years. These results underscore the importance of taking spatially varying effects of major driving factors into account in policy-making on regional land market.

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Section: Impact Factorsmentioning

confidence: 99%

“…Thus the impact of GDP on China's land market cannot be neglected. Moreover, regional inequalities may be attributed to the regional unequal distribution of public investment [36]. As a part of real estate investment, construction cost is a main dynamic factor impacting land price.…”

Section: Introductionmentioning

confidence: 99%

Spatiotemporal Effects of Main Impact Factors on Residential Land Price in Major Cities of China

Yang

et al. 2017

Sustainability

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“…Second, the central s regional disparities. Using Mexican panel data and a quantile regression method, for example, Costa-i-Font and Rodriguez-Oreggia (2005) found that public investment smoothed over regional inequalities especially within the relatively richer regions. Fan and Zhang (2002), using rural data, found that infrastructure investments in the western rural areas are important in minimizing regional disparities.…”

Section: Introductionmentioning

confidence: 99%

Central government's infrastructure investment across Chinese regions: A dynamic spatial panel data approach

Zheng

Song

et al. 2013

China Economic Review

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This study employs spatial panel techniques to examine determinants of regional allocation of infrastructure investment made by the central government. Using a sample of 31 Chinese provinces over the 2001-2008 period, we derived four major empirical findings. First, there exist substantial spatial interactions of central gove investment across regions. Second, the central investment exhibits a highly persistent effect. Third, the central government attempts to balance equity and efficiency in its decision-making. Last, the political factor plays a significant role in the regional infrastructure investment.JEL classification: H54, C33, R0

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“…The outreach of the ring line would thus narrow the income gap. Costa‐Font and Rodríguez‐Oreggia () investigates the contribution of public investment to the reduction of regional inequalities, the results show that public investment mainly helped to reduce regional inequalities among the richest regions.…”

Section: Introductionmentioning

confidence: 99%

Has highway construction narrowed the urban–rural income gap? Evidence from Chinese cities

Huang

et al. 2020

Papers in Regional Science

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Using 2003-2016 panel data of 278 prefecture-level Chinese cities, we analysed the relationship between highway construction, resource flow, and urban-rural income gap using multiple spatial econometric models. Overall highway construction has narrowed the urban-rural income gap owing to better population mobility and goods flow. However, while goods flow has narrowed the gap, population mobility has aggravated it. A regional difference in the impact of highway construction also exists, that is, the effect is negative in central and western cities, but positive for eastern cities. Moreover, China's "4 trillion" fiscal and currency stimulus plan has strengthened highway construction in narrowing the income gap. K E Y W O R D S highway construction, resource flow, spatial econometric model, Theil index J E L C L A S S I F I C A T I O N R11; R12; R49

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Is the Impact of Public Investment Neutral Across the Regional Income Distribution? Evidence from Mexico

Cited by 19 publications

References 44 publications

Spatiotemporal Effects of Main Impact Factors on Residential Land Price in Major Cities of China

Spatiotemporal Effects of Main Impact Factors on Residential Land Price in Major Cities of China

Central government's infrastructure investment across Chinese regions: A dynamic spatial panel data approach

Has highway construction narrowed the urban–rural income gap? Evidence from Chinese cities

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