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| Ding, Chengri; Lichtenberg, Erik. |
| This paper investigates the economic incentives for urban spatial expansion in China by estimating the value of urban land using an econometric model applied to data from the 220 largest Chinese cities for the period 1996-2003. The results are consistent with the proposition that the rapid rate of urban spatial expansion resulted from a combination of fiscal pressure on local governments and governance reforms that gave local governments greater control over land and investment policies. The estimated parameters of the model indicate that urban land generates far more than income per unit area than agriculture in eastern and central China, suggesting that local governments can profit substantially from conversion of farmland to urban use. The value of... |
| Tipo: Working or Discussion Paper |
Palavras-chave: International Development; Land Economics/Use. |
| Ano: 2008 |
URL: http://purl.umn.edu/36748 |
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| Lichtenberg, Erik; Ding, Chengri. |
| We investigate conceptually and empirically the role of economic incentives in the primary land allocation in China in recent years. A theoretical analysis demonstrates how recent fiscal and governance reforms give rise to land conversion decisions and long run urban spatial sizes much like those generated by competitive land markets with private land ownership. An econometric investigation of Shanghai and the provinces surrounding it demonstrates the presence of rent gradients, often used as an indication of the presence of land markets. It thus appears that economic forces have continued to exercise dominant influence over primary land allocations in spite of recent administrative restrictions on land conversion. These rent gradients are strongest in the... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Community/Rural/Urban Development; Land Economics/Use; R5; R14; H11; O18. |
| Ano: 2008 |
URL: http://purl.umn.edu/6834 |
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