Determinants of urban land supply in the people's republic of China : how do political factors matter?
This paper explores whether and how corruption and competition-for-promotion motives affect urban land supply in the People's Republic of China. Conditional on demand-side factors, we find that corruption is highly correlated with an increase in land supply. The corruption effects are strongest...
| Main Authors: | , , , |
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| Other Authors: | |
| Format: | Journal Article |
| Language: | English |
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2018
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| Online Access: | https://hdl.handle.net/10356/88415 http://hdl.handle.net/10220/45803 |
| _version_ | 1811686561632223232 |
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| author | Hsu, Wen-Tai Li, Xiaolu Tang, Yang Wu, Jing |
| author2 | School of Humanities and Social Sciences |
| author_facet | School of Humanities and Social Sciences Hsu, Wen-Tai Li, Xiaolu Tang, Yang Wu, Jing |
| author_sort | Hsu, Wen-Tai |
| collection | NTU |
| description | This paper explores whether and how corruption and competition-for-promotion motives affect urban land supply in the People's Republic of China. Conditional on demand-side factors, we find that corruption is highly correlated with an increase in land supply. The corruption effects are strongest for commercial land, followed by residential land, and then industrial land. To shed light on the competition motives among prefectural leaders, we examine how the number of years in office affects land supply and distinguish among different hypotheses. Our empirical results show robust rising trends in land sales. These results are consistent with the hypothesis that among prefectural leaders the impatience and anxiety in later years from not being promoted may contribute to an increase in land sales revenue in later years. We also find that prefectural leaders may aim for more land sales revenue over their first few years in office instead of seeking higher revenue in their first 1–2 years. |
| first_indexed | 2024-10-01T05:02:23Z |
| format | Journal Article |
| id | ntu-10356/88415 |
| institution | Nanyang Technological University |
| language | English |
| last_indexed | 2024-10-01T05:02:23Z |
| publishDate | 2018 |
| record_format | dspace |
| spelling | ntu-10356/884152020-03-07T12:10:39Z Determinants of urban land supply in the people's republic of China : how do political factors matter? Hsu, Wen-Tai Li, Xiaolu Tang, Yang Wu, Jing School of Humanities and Social Sciences Institution Land Supply DRNTU::Social sciences::Economic development This paper explores whether and how corruption and competition-for-promotion motives affect urban land supply in the People's Republic of China. Conditional on demand-side factors, we find that corruption is highly correlated with an increase in land supply. The corruption effects are strongest for commercial land, followed by residential land, and then industrial land. To shed light on the competition motives among prefectural leaders, we examine how the number of years in office affects land supply and distinguish among different hypotheses. Our empirical results show robust rising trends in land sales. These results are consistent with the hypothesis that among prefectural leaders the impatience and anxiety in later years from not being promoted may contribute to an increase in land sales revenue in later years. We also find that prefectural leaders may aim for more land sales revenue over their first few years in office instead of seeking higher revenue in their first 1–2 years. Published version 2018-09-04T02:13:26Z 2019-12-06T17:02:50Z 2018-09-04T02:13:26Z 2019-12-06T17:02:50Z 2017 Journal Article Hsu, W.-T., Li, X., Tang, Y., & Wu, J. (2017). Determinants of urban land supply in the people's republic of China : how do political factors matter? Asian Development Review, 34(2), 152-183. doi:10.1162/adev_a_00098 0116-1105 https://hdl.handle.net/10356/88415 http://hdl.handle.net/10220/45803 10.1162/adev_a_00098 en Asian Development Review © 2017 Asian Development Bank and Asian Development Bank Institute. This paper was published in Asian Development Review and is made available as an electronic reprint (preprint) with permission of Asian Development Bank and Asian Development Bank Institute. The published version is available at [http://dx.doi.org/10.1162/adev_a_00098]. One print or electronic copy may be made for personal use only. Systematic or multiple reproduction, distribution to multiple locations via electronic or other means, duplication of any material in this paper for a fee or for commercial purposes, or modification of the content of the paper is prohibited and is subject to penalties under law. 32 p. application/pdf |
| spellingShingle | Institution Land Supply DRNTU::Social sciences::Economic development Hsu, Wen-Tai Li, Xiaolu Tang, Yang Wu, Jing Determinants of urban land supply in the people's republic of China : how do political factors matter? |
| title | Determinants of urban land supply in the people's republic of China : how do political factors matter? |
| title_full | Determinants of urban land supply in the people's republic of China : how do political factors matter? |
| title_fullStr | Determinants of urban land supply in the people's republic of China : how do political factors matter? |
| title_full_unstemmed | Determinants of urban land supply in the people's republic of China : how do political factors matter? |
| title_short | Determinants of urban land supply in the people's republic of China : how do political factors matter? |
| title_sort | determinants of urban land supply in the people s republic of china how do political factors matter |
| topic | Institution Land Supply DRNTU::Social sciences::Economic development |
| url | https://hdl.handle.net/10356/88415 http://hdl.handle.net/10220/45803 |
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