Place-based Land Allocation Policy and Spatial Misallocation

Fang, Min; Han, Libin; Huang, Zibin; Lü, Ming; Zhang, Li

doi:10.2139/ssrn.3846313

Cited by 5 publications

(2 citation statements)

References 84 publications

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“…However, scholars have found that the land policy does not narrow the development gap between regions, and Lu Ming (2011) [49] points out that the construction land targets are allocated more to the central and western regions after 2003, which lead to a decrease in land use efficiency. Fang et al (2021) [50] use a spatial general equilibrium model to quantify the impact of the mismatch of construction land targets between regions on China's economic growth and conclude that the mismatch reduces productivity and total output at the national level by 7.3% and 2.4%, respectively. The fiscal expenditure effect created by land finance shows an inter-regional imbalance in the promotion of economic development [27].…”

Section: The Extent To Which Government-differentiated Land Policies ...mentioning

confidence: 99%

Does the Differentiation of China’s Land Policy Promote Regional Economic Development?

Zhang,

et al. 2023

Sustainability

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The land factor in China still has many distortions which are the key constraints to economic development. The government intervention in land prices is the root cause of distortions in land factor. So, how to achieve the optimization land utilize through policy guidance is one of the most important issues. Using China’s city panel data from 2010 to 2020, this study assesses the economic impacts of the inter-provincial transfer of construction land indicators by synthetic difference-in-differences method and estimates the growth effect and equilibrium development effect of the policy, respectively. The results show that first, the differentiation of the land policy will give more land indicators to the backward regions, so that the local governments can obtain more land concession opportunities; thus, a more obvious “land finance” is formed and local economic growth is promoted; second, the differentiation of the land policy fails to promote the balanced development between regions, further expanding the development differences between regions. The findings of this study not only provide countermeasure suggestions for the area in China but can also be applied to many developing countries, especially those which are rapidly developing, to help the development of poor regions through targeted fiscal transfer policies.

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Section: The Extent To Which Government-differentiated Land Policies ...mentioning

confidence: 99%

Does the Differentiation of China’s Land Policy Promote Regional Economic Development?

Zhang,

et al. 2023

Sustainability

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“…There are various sorts of land use regulations, such as zoning laws, density and height restrictions, floor‐to‐area ratio (FAR) regulation, and growth boundaries in housing land markets, which are widely used in urban economics (Cai et al, 2017; Duranton & Puga, 2015; Tan et al, 2020). However, very few studies focus on the quotas of land supply (Fang et al, 2022). This paper also contributes to the investigation into the micro‐level effects of land regulations, specifically their impact on firm performance.…”

Section: Introductionmentioning

confidence: 99%

Land regulations, innovation and productivity: Firm‐level evidence from China

Song,

Zhang

2023

World Economy

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In this paper, we study how land policy reform affects firm innovation and productivity in China. More specifically, we focus on the impact of the land regulations that controlled the quotas of land supply introduced in 2004. We find that land regulations promote firm innovation but inhibit firm productivity. The regulations constitute land input constraints for firms and make them more difficult in expanding production capacity to fully exploit economies of scale, meanwhile they push firms to invest in innovation to alleviate the adverse effects. It is also found that resource allocation efficiency is deteriorated and aggregate productivity is decreased in the post‐land‐regulation period. Moreover, the effects of land regulations on firm performance are stronger for non‐state‐owned enterprises and industries with a lower level of market competitiveness.

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Remote high-speed rail stations, urban land supply, and the emergence of new economic activities

Zheng,

2024

Transportation Research Part A: Policy and Practice

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Place-based Land Allocation Policy and Spatial Misallocation

Cited by 5 publications

References 84 publications

Does the Differentiation of China’s Land Policy Promote Regional Economic Development?

Does the Differentiation of China’s Land Policy Promote Regional Economic Development?

Land regulations, innovation and productivity: Firm‐level evidence from China

Remote high-speed rail stations, urban land supply, and the emergence of new economic activities

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