Abstract:The minimum land price (MLP) regulation that China introduced in 2007 provides a quasiexperiment to investigate how government intervention in the land market influences the intensity with which industrial land is used, which has received limited attention in existing literature. Using a difference-in-difference strategy, our estimates show that an exogenous increase in the price of industrial land induced by the MLP regulation's introduction significantly increased industrial land-use intensity by putting mor… Show more
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