Can price regulation increase land-use intensity? Evidence from China's industrial land market
Publication in refereed journal
已正式接受出版

香港中文大學研究人員

引用次數
替代計量分析
.

其它資訊
摘要A major part of the literature on land use regulations focuses on the residential land market. In this paper, we examine the impact of the minimum price policy on the large, but understudied, industrial land market in China. The minimum price policy aims to reduce wasteful land use in the industrial market that results from low transaction prices; it varies across counties or districts. We show that this policy increases the overall land-use intensity in the industrial market: for each additional 100 yuan increase in imposed minimum prices, the unit transaction prices range from 31.4 to 59.7 yuan higher, and the output and total factor productivity of new entrants range from 11.8% to 16.1% higher, respectively. Furthermore, we provide suggestive evidence that higher minimum prices reduce the likelihood of land lying unused post transactions, which has the effect of increasing the industrial output per unit of land.
出版社接受日期18.12.2019
著者Yatang Lin, Yu Qin, Yang Yang, Hongjia Zhu
期刊名稱Regional Science and Urban Economics
出版年份2019
出版社Elsevier
國際標準期刊號0166-0462
語言美式英語

上次更新時間 2021-24-01 於 00:02