IDEAS home Printed from https://ideas.repec.org/a/eee/lauspo/v100y2021ics0264837719321477.html
   My bibliography  Save this article

Analysis of commercial land leasing of the district governments of Beijing in China

Author

Listed:
  • Cheng, Jing

Abstract

In this paper, by using the data of the districts of Beijing from 2004 to 2015, the factors influencing commercial land leasing by the district governments and commercial land leasing price under public land ownership are studied. The variables to present the mathematical models for parcel-level demand and district-level supply are discussed, then the mathematical models are presented to explore whether the price formation and spatial distribution of commercial land leasing have relationship with some factors of the land characteristics, the district characteristics and the location characteristics of the land. The results show how commercial land leasing price changes by these factors and what factors the government concerns about when leasing commercial land under public land ownership. The policy implications when leasing commercial land in Beijing are presented, and these are suitable to other large cities of developing countries.

Suggested Citation

  • Cheng, Jing, 2021. "Analysis of commercial land leasing of the district governments of Beijing in China," Land Use Policy, Elsevier, vol. 100(C).
  • Handle: RePEc:eee:lauspo:v:100:y:2021:i:c:s0264837719321477
    DOI: 10.1016/j.landusepol.2020.104881
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0264837719321477
    Download Restriction: Full text for ScienceDirect subscribers only

    File URL: https://libkey.io/10.1016/j.landusepol.2020.104881?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Michael Beenstock & Dan Feldman & Daniel Felsenstein, 2016. "Hedonic Pricing When Housing Is Endogenous: The Value Of Access To The Trans-Israel Highway," Journal of Regional Science, Wiley Blackwell, vol. 56(1), pages 134-155, January.
    2. Yang, Jiawen & Chen, Junxian & Le, Xiaohui & Zhang, Qin, 2016. "Density-oriented versus development-oriented transit investment: Decoding metro station location selection in Shenzhen," Transport Policy, Elsevier, vol. 51(C), pages 93-102.
    3. Du, Jinfeng & Peiser, Richard B., 2014. "Land supply, pricing and local governments' land hoarding in China," Regional Science and Urban Economics, Elsevier, vol. 48(C), pages 180-189.
    4. Jing Cheng, 2020. "Data Analysis of the Factors Influencing the Industrial Land Leasing in Shanghai Based on Mathematical Models," Mathematical Problems in Engineering, Hindawi, vol. 2020, pages 1-11, April.
    5. Yongheng Deng & Joseph Gyourko & Jing Wu, 2012. "Land and Housing Price Measurement in China," RBA Annual Conference Volume (Discontinued), in: Alexandra Heath & Frank Packer & Callan Windsor (ed.),Property Markets and Financial Stability, Reserve Bank of Australia.
    6. Eric Maskin & Yingyi Qian & Chenggang Xu, 2000. "Incentives, Information, and Organizational Form," Review of Economic Studies, Oxford University Press, vol. 67(2), pages 359-378.
    7. Solé-Ollé, Albert & Viladecans-Marsal, Elisabet, 2012. "Lobbying, political competition, and local land supply: Recent evidence from Spain," Journal of Public Economics, Elsevier, vol. 96(1), pages 10-19.
    8. Han, Li & Kung, James Kai-Sing, 2015. "Fiscal incentives and policy choices of local governments: Evidence from China," Journal of Development Economics, Elsevier, vol. 116(C), pages 89-104.
    9. Sun, Weizeng & Zheng, Siqi & Wang, Rui, 2015. "The capitalization of subway access in home value: A repeat-rentals model with supply constraints in Beijing," Transportation Research Part A: Policy and Practice, Elsevier, vol. 80(C), pages 104-115.
    10. Xu, Tao & Zhang, Ming & Aditjandra, Paulus T., 2016. "The impact of urban rail transit on commercial property value: New evidence from Wuhan, China," Transportation Research Part A: Policy and Practice, Elsevier, vol. 91(C), pages 223-235.
    11. Ekaterina Chernobai & Michael Reibel & Michael Carney, 2011. "Nonlinear Spatial and Temporal Effects of Highway Construction on House Prices," The Journal of Real Estate Finance and Economics, Springer, vol. 42(3), pages 348-370, April.
    12. Joseph T.L. Ooi & C.F. Sirmans & Geoffrey K. Turnbull, 2011. "Government Supply of Land in a Dual Market," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 39(1), pages 167-184, March.
    13. Jin, Hehui & Qian, Yingyi & Weingast, Barry R., 2005. "Regional decentralization and fiscal incentives: Federalism, Chinese style," Journal of Public Economics, Elsevier, vol. 89(9-10), pages 1719-1742, September.
    14. Zheng, Siqi & Kahn, Matthew E., 2008. "Land and residential property markets in a booming economy: New evidence from Beijing," Journal of Urban Economics, Elsevier, vol. 63(2), pages 743-757, March.
    15. Zheng, Siqi & Hu, Xiaoke & Wang, Jianghao & Wang, Rui, 2016. "Subways near the subway: Rail transit and neighborhood catering businesses in Beijing," Transport Policy, Elsevier, vol. 51(C), pages 81-92.
    16. Zhang, Ming & Wang, Lanlan, 2013. "The impacts of mass transit on land development in China: The case of Beijing," Research in Transportation Economics, Elsevier, vol. 40(1), pages 124-133.
    17. Or Levkovich & Jan Rouwendal & Ramona Marwijk, 2016. "The effects of highway development on housing prices," Transportation, Springer, vol. 43(2), pages 379-405, March.
    18. Cheng, Jing, 2020. "Analyzing the factors influencing the choice of the government on leasing different types of land uses: Evidence from Shanghai of China," Land Use Policy, Elsevier, vol. 90(C).
    19. Anping Chen & Marlon Boarnet & Mark Partridge & Siqi Zheng & Weizeng Sun & Rui Wang, 2014. "Land Supply And Capitalization Of Public Goods In Housing Prices: Evidence From Beijing," Journal of Regional Science, Wiley Blackwell, vol. 54(4), pages 550-568, September.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Linfang Shen & Kuoyu Liu & Jinfei Chai & Weibin Ma & Xiaoxiong Guo & Yao Li & Peng Zhao & Boying Liu, 2022. "Research on the Mathematical Model for Optimal Allocation of Human Resources in the Operation and Maintenance Units of a Heavy Haul Railway," Mathematics, MDPI, vol. 10(19), pages 1-18, October.
    2. Xiaoyan Du & Jinfei Chai, 2022. "Stability Evaluation of Medium Soft Soil Pile Slope Based on Limit Equilibrium Method and Finite Element Method," Mathematics, MDPI, vol. 10(19), pages 1-32, October.
    3. Jing Cheng, 2021. "Mathematical Models and Data Analysis of Residential Land Leasing Behavior of District Governments of Beijing in China," Mathematics, MDPI, vol. 9(18), pages 1-14, September.
    4. Jing Cheng & Xiaowei Luo, 2022. "Analyzing the Land Leasing Behavior of the Government of Beijing, China, via the Multinomial Logit Model," Land, MDPI, vol. 11(3), pages 1-14, March.
    5. Jinfei Chai, 2021. "Research on Dynamic Response Characteristics for Basement Structure of Heavy Haul Railway Tunnel with Defects," Mathematics, MDPI, vol. 9(22), pages 1-23, November.
    6. Li Li & Jiahui Yu & Hang Cheng & Miaojuan Peng, 2021. "A Smart Helmet-Based PLS-BPNN Error Compensation Model for Infrared Body Temperature Measurement of Construction Workers during COVID-19," Mathematics, MDPI, vol. 9(21), pages 1-20, November.
    7. Batara Surya & Agus Salim & Hernita Hernita & Seri Suriani & Firman Menne & Emil Salim Rasyidi, 2021. "Land Use Change, Urban Agglomeration, and Urban Sprawl: A Sustainable Development Perspective of Makassar City, Indonesia," Land, MDPI, vol. 10(6), pages 1-31, May.
    8. Feng Yuan & Weiye Xiao & Yehua Dennis Wei, 2023. "Heterogeneous mechanisms of urban land price in China: a perspective of natural restrictions and strategic supply," Palgrave Communications, Palgrave Macmillan, vol. 10(1), pages 1-14, December.
    9. Pei Yin & Jing Cheng & Miaojuan Peng, 2022. "Analyzing the Passenger Flow of Urban Rail Transit Stations by Using Entropy Weight-Grey Correlation Model: A Case Study of Shanghai in China," Mathematics, MDPI, vol. 10(19), pages 1-23, September.
    10. Wang, Hongzheng & Lu, Xinhai & Feng, Lianyue & Yuan, Zhihang & Tang, Yifeng & Jiang, Xu, 2023. "Dynamic change and evolutionary mechanism of city land leasing network—Taking the Yangtze River Delta region in China as an example," Land Use Policy, Elsevier, vol. 132(C).
    11. Dongsheng Zhang & Ming Yang & Ziyou Wang, 2022. "Resources or Capital?—The Quality Improvement Mechanism of Precision Poverty Alleviation by Land Elements," Land, MDPI, vol. 11(10), pages 1-24, October.
    12. Cheng, Jing, 2022. "Analysis of the factors influencing industrial land leasing in Beijing of China based on the district-level data," Land Use Policy, Elsevier, vol. 122(C).
    13. Zhuoma Garang & Cifang Wu & Guan Li & Yuefei Zhuo & Zhongguo Xu, 2021. "Spatio-Temporal Non-Stationarity and Its Influencing Factors of Commercial Land Price: A Case Study of Hangzhou, China," Land, MDPI, vol. 10(3), pages 1-27, March.
    14. Pei Yin & Miaojuan Peng, 2023. "Station Layout Optimization and Route Selection of Urban Rail Transit Planning: A Case Study of Shanghai Pudong International Airport," Mathematics, MDPI, vol. 11(6), pages 1-29, March.
    15. Jufeng Wang & Fengxin Sun & Rongjun Cheng, 2021. "A Dimension Splitting-Interpolating Moving Least Squares (DS-IMLS) Method with Nonsingular Weight Functions," Mathematics, MDPI, vol. 9(19), pages 1-22, September.
    16. Longgao Chen & Xiaoyan Yang & Long Li & Longqian Chen & Yu Zhang, 2021. "The Natural and Socioeconomic Influences on Land-Use Intensity: Evidence from China," Land, MDPI, vol. 10(11), pages 1-25, November.
    17. Fengxin Sun & Jufeng Wang & Xiang Kong & Rongjun Cheng, 2021. "A Dimension Splitting Generalized Interpolating Element-Free Galerkin Method for the Singularly Perturbed Steady Convection–Diffusion–Reaction Problems," Mathematics, MDPI, vol. 9(19), pages 1-15, October.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Cheng, Jing, 2022. "Analysis of the factors influencing industrial land leasing in Beijing of China based on the district-level data," Land Use Policy, Elsevier, vol. 122(C).
    2. Jing Cheng, 2021. "Mathematical Models and Data Analysis of Residential Land Leasing Behavior of District Governments of Beijing in China," Mathematics, MDPI, vol. 9(18), pages 1-14, September.
    3. Jing Cheng & Xiaowei Luo, 2022. "Analyzing the Land Leasing Behavior of the Government of Beijing, China, via the Multinomial Logit Model," Land, MDPI, vol. 11(3), pages 1-14, March.
    4. Cheng, Jing, 2020. "Analyzing the factors influencing the choice of the government on leasing different types of land uses: Evidence from Shanghai of China," Land Use Policy, Elsevier, vol. 90(C).
    5. Gyourko, Joseph & Shen, Yang & Wu, Jing & Zhang, Rongjie, 2022. "Land finance in China: Analysis and review," China Economic Review, Elsevier, vol. 76(C).
    6. Wang, Yuan & Hui, Eddie Chi-man, 2017. "Are local governments maximizing land revenue? Evidence from China," China Economic Review, Elsevier, vol. 43(C), pages 196-215.
    7. Li, Zheng, 2018. "The impact of metro accessibility on residential property values: An empirical analysis," Research in Transportation Economics, Elsevier, vol. 70(C), pages 52-56.
    8. Li, Jianyi & Huang, Hao, 2020. "Effects of transit-oriented development (TOD) on housing prices: A case study in Wuhan, China," Research in Transportation Economics, Elsevier, vol. 80(C).
    9. Xu, Tao & Zhang, Ming & Aditjandra, Paulus T., 2016. "The impact of urban rail transit on commercial property value: New evidence from Wuhan, China," Transportation Research Part A: Policy and Practice, Elsevier, vol. 91(C), pages 223-235.
    10. Liang, Yue & Du, Mengbing & Wang, Xiangxiao & Xu, Xiwei, 2020. "Planning for urban life: A new approach of sustainable land use plan based on transit-oriented development," Evaluation and Program Planning, Elsevier, vol. 80(C).
    11. Dong, Zhiqiang & Wang, Xiaobing & Zhang, Tianhua & Zhong, Yuejun, 2022. "The effects of local government leadership turnover on entrepreneurial behavior," China Economic Review, Elsevier, vol. 71(C).
    12. Pei Yin & Miaojuan Peng, 2023. "Station Layout Optimization and Route Selection of Urban Rail Transit Planning: A Case Study of Shanghai Pudong International Airport," Mathematics, MDPI, vol. 11(6), pages 1-29, March.
    13. Tian, Zhihua & Hu, An & Chen, Yang & Shao, Shuai, 2023. "Local officials’ tenure and CO2 emissions in China," Energy Policy, Elsevier, vol. 173(C).
    14. Wang, Jinshuo & Samsura, D. Ary A. & van der Krabben, Erwin, 2019. "Institutional barriers to financing transit-oriented development in China: Analyzing informal land value capture strategies," Transport Policy, Elsevier, vol. 82(C), pages 1-10.
    15. Hao Huang & Jianyi Li, 2021. "The spatial variation of moderating effects of density and natural amenities on housing prices in Wuhan, China," Regional Science Policy & Practice, Wiley Blackwell, vol. 13(6), pages 1778-1804, December.
    16. Ibraeva, Anna & Correia, Gonçalo Homem de Almeida & Silva, Cecília & Antunes, António Pais, 2020. "Transit-oriented development: A review of research achievements and challenges," Transportation Research Part A: Policy and Practice, Elsevier, vol. 132(C), pages 110-130.
    17. Wen, Qiang & Zhang, Teng, 2022. "Economic policy uncertainty and industrial pollution: The role of environmental supervision by local governments," China Economic Review, Elsevier, vol. 71(C).
    18. Cheng, Yudan & Jia, Shanghui & Meng, Huan, 2022. "Fiscal policy choices of local governments in China: Land finance or local government debt?," International Review of Economics & Finance, Elsevier, vol. 80(C), pages 294-308.
    19. Pierre Salmon, 2013. "Decentralization and growth: what if the cross-jurisdiction approach had met a dead end?," Constitutional Political Economy, Springer, vol. 24(2), pages 87-107, June.
    20. Mengting Ruan & Xiaolu Zhao, 2022. "Fiscal Pressure, Policy Choices and Regional Economic Disparity: Evidence from a Natural Experiment in China," Sustainability, MDPI, vol. 14(19), pages 1-13, September.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:lauspo:v:100:y:2021:i:c:s0264837719321477. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Joice Jiang (email available below). General contact details of provider: https://www.journals.elsevier.com/land-use-policy .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.