FISCAL EXPENDITURE AND INDUSTRIAL LAND PRICE IN CHINA: THEORY AND EVIDENCE

2020 ◽  
Vol 38 (4) ◽  
pp. 593-606
Author(s):  
Pi‐Han Tsai ◽  
Chien‐Yu Huang ◽  
Tsun‐Feng Chiang
2020 ◽  
Vol 12 (7) ◽  
pp. 2792 ◽  
Author(s):  
Shengfu Yang ◽  
Shougeng Hu ◽  
Weidong Li ◽  
Chuanrong Zhang ◽  
Dongdong Song

Industrialization has brought about great differences in industrial development and land use demand among different regions and cities, especially in rapidly industrializing countries with a vast territory. In those areas, implementing local-specific policies on industrial land price is of great significance to improve industrial land use efficiency and facilitate the sustainable development of regional economy. Based on the land pricing monition files of 105 industrializing cities, geographically weighted regression (GWR) was applied to detect the spatial variation of the industrial land price and its main impact factors (for example, tax, leased land, population, and location quotient index) in China in 2009, 2011 and 2014. The results show that the relationships were generally spatio-temporally nonstationary. More specifically, while the effect of tax on industrial land price was significantly positive and spatially stable all over China in 2009, the effect varied spatially in the two later studied years, weakened in North and East China and strengthened in South China. The effect of leased land on industrial land price was generally negative; it was very weak in 2009 and 2011 but became negatively strong in most studied cities in 2014, except for a few cities in Middle China. Population had a significant positive effect on industrial land price in the cities of East and Northeast China. For the three studied years, the location quotient index always had negative effect in Bohai Economic Rim and positive effect in Yangtze River Delta Economic Zone, and the negative effect strengthened with time. Meanwhile, the underlying reasons behind the relationships were further analyzed, showing that the spatio-temporal changes of industrial land price are closely correlated with the population mobility, industrial agglomeration, government intervention and economic situation.


2014 ◽  
Vol 36 ◽  
pp. 199-209 ◽  
Author(s):  
Yuzhe Wu ◽  
Xiaoling Zhang ◽  
Martin Skitmore ◽  
Yan Song ◽  
Eddie C.M. Hui

2009 ◽  
Vol 4 (1) ◽  
Author(s):  
Dan Pranab ◽  
Guhathakurta Kousik ◽  
Gupta Shatadru

Emergence of a new operational paradigm in the form of Special Economic Zone (SEZ) and acquisition of industrial land therefore is one of the most controversial issues in India and a debatable issue in some parts in Asia in recent times. There is no doubt that it will lead to rapid industrial and economic growth. But the process of development is under question as local agitations against acquisition of land for the purpose have turned violent. Understanding the condition is important for the host country as well as the nations of Europe and the USA sourcing considerable amount of FDI flow. In this paper, we propose a model for industrial land acquisition which provides for rehabilitation of those displaced outside the perimeter of the SEZ, so that the appreciation of land price accrues to them and the land owner becomes a part of the prosperity that the project generates.


Land ◽  
2021 ◽  
Vol 10 (9) ◽  
pp. 963
Author(s):  
Lin Zhang ◽  
Yiting Zhao ◽  
Yuan Liu ◽  
Jinfang Qian

In 2007, China started the market reform of industrial land, with the aim of establishing a more effective industrial land market and promoting the effective allocation of land. For this study, we want to explore what strategic choices local governments and enterprises will make under the background of market-oriented reform, and whether there are still some implicit land price subsidies. In this context, based on matching micro land transfer data (2007–2013), we examined the policy effect in the seven years since the reform. Then, we further analyzed the land transfer strategies of local governments and the differences they made to enterprises’ land purchasing decisions against the background of the reform. The following were found: ① With the deepening of market reform, the effect has gradually become clear. The proportion of industrial land transferred through market modes increases year by year. Furthermore, due to marketization, the price of industrial land has increased significantly, and land purchases among enterprises have become more competitive. ② Against the background of the reform, local governments tend to adopt listing as an alternative to negotiation, so as to attract investment from preferred enterprises. ③ Local governments tend to give state-owned and large or medium enterprises more subsidies by way of listing, which reduces the land purchase price for these enterprises. Based on the results, the market-oriented reform of land should be adhered to, and the selection mechanism of tender, auction, and listing transfer methods should be further standardized and refined. Besides, a variety of ways to meet the needs of enterprises for land use (such as lease first and then transfer) should be proposed to compensate for the existing insufficiency.


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