FISCAL EXPENDITURE AND INDUSTRIAL LAND PRICE IN CHINA: THEORY AND EVIDENCE.
This paper aims to discover the mechanism behind the positive correlation between local fiscal expenditure and industrial land price in China, a stylized fact discovered by bivariate and regression analyses. The model shows that if the positive externality of government expenditure on growth is suff...
| Published in: | Contemporary Economic Policy Vol. 38; no. 4; pp. 593 - 607 |
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| Main Authors: | , , |
| Format: | Article |
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Wiley-Blackwell
Oct2020
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| Subjects: | |
| Online Access: | View this record in EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=145718817&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 145718817 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 10743529 CEY jtl: Contemporary Economic Policy issn: 10743529 maglogo: Y pubinfo: dt: Oct2020 vid: 38 iid: 4 pid: 480 pub: Wiley-Blackwell artinfo: ui: 145718817 10.1111/coep.12493 ppf: 593 ppct: 14 formats: fmt: – @attributes: type: T – @attributes: type: C – @attributes: type: P size: 627KB tig: atl: FISCAL EXPENDITURE AND INDUSTRIAL LAND PRICE IN CHINA: THEORY AND EVIDENCE. aug: au: Tsai, Pi‐Han Huang, Chien‐Yu Chiang, Tsun‐Feng affil: College of Economics, Zhejiang University, Hangzhou 310027,, China Institute of Urban Development, Nanjing Audit University, Nanjing 211815,, China School of Economics, Henan University, Kaifeng 475001,, China su: China Microeconomics Public spending Real property sales & prices Bivariate analysis Regression analysis sug: subj: Microeconomics Public spending China Public Finance Activities Offices of Real Estate Agents and Brokers Lessors of Other Real Estate Property Real property sales & prices Bivariate analysis Regression analysis ab: This paper aims to discover the mechanism behind the positive correlation between local fiscal expenditure and industrial land price in China, a stylized fact discovered by bivariate and regression analyses. The model shows that if the positive externality of government expenditure on growth is sufficiently high, the local government has an incentive to increase public spending in exchange for the reduced demand for industrial land by charging a higher markup and driving up the industrial land price. Therefore, we observe a positive correlation between the local fiscal expenditure and industrial land price. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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