Advanced Search
MyIDEAS: Login to save this paper or follow this series

"Race to the Bottom" Competition by Negotiated Land Leasing: an institutional analysis and empirical evidence from Chinese cities

Contents:

Author Info

  • Ran Tao

    (Center for Chinese Agricultural Policy, Chinese Academy of Sciences
    China Economy and Management Academy, Central University of Economics and Finance)

  • Fei Yuan

    (Center for Chinese Agricultural Policy, Chinese Academy of Sciences)

  • Mingxing Liu

    (China Institute for Education Finance Research, Peking University
    China Economy and Management Academy, Central University of Economics and Finance)

  • Heng-fu Zou

    (China Economy and Management Academy, Central University of Economics and Finance
    Development and Research Group, the World Bank)

Abstract

By analyzing the evolution of local governments' roles in different periods of China's growth in transition, this paper explores local fiscal incentives to use subsidized land and infrastructure as a key instrument in regional competition for manufacturing investment after the mid-1990s. We relate local land development behavior to China's current land use institutions and inter-governmental arrangements. On the basis of a panel data covering prefectural-level city from 1999 to 2003, we empirically identify and compare the fiscal impacts of different forms of land leasing (by negotiation versus by auction/tender). Policy implications are drawn from this analysis to further reform China's urban land system and fiscal institutions.

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
File URL: http://down.aefweb.net/WorkingPapers/w294.pdf
Download Restriction: no

Bibliographic Info

Paper provided by China Economics and Management Academy, Central University of Finance and Economics in its series CEMA Working Papers with number 294.

as in new window
Length: 34 pages
Date of creation: 2007
Date of revision:
Handle: RePEc:cuf:wpaper:294

Contact details of provider:
Web page: http://cema.cufe.edu.cn/
More information through EDIRC

Related research

Keywords: race to bottom competition; land leasing by negotiation; tax sharing system; local fiscal incentives; China's growth in transition;

Find related papers by JEL classification:

References

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
as in new window
  1. Li, Hongbin & Zhou, Li-An, 2005. "Political turnover and economic performance: the incentive role of personnel control in China," Journal of Public Economics, Elsevier, vol. 89(9-10), pages 1743-1762, September.
  2. Yingyi Qian & Barry R. Weingast, 1997. "Federalism as a Commitment to Preserving Market Incentives," Working Papers, Stanford University, Department of Economics 97042, Stanford University, Department of Economics.
  3. Jiahua Che & Yingyi Qian, . "Insecure Property Rights and Government Ownership of Firms," Working Papers, Stanford University, Department of Economics 97050, Stanford University, Department of Economics.
  4. Albert Park & Minggao Shen, 2001. "Joint Liability Lending and the Rise and Fall of China's Township and Village Enterprises," William Davidson Institute Working Papers Series 462, William Davidson Institute at the University of Michigan.
  5. Litwack, John M. & Qian, Yingyi, 1998. "Balanced or Unbalanced Development: Special Economic Zones as Catalysts for Transition," Journal of Comparative Economics, Elsevier, vol. 26(1), pages 117-141, March.
  6. World Bank, 2002. "China - National Development and Sub-National Finance : A Review of Provincial Expenditures," World Bank Other Operational Studies 15423, The World Bank.
  7. Li, Shaomin & Li, Shuhe & Zhang, Weiying, 2000. "The Road to Capitalism: Competition and Institutional Change in China," Journal of Comparative Economics, Elsevier, vol. 28(2), pages 269-292, June.
Full references (including those not matched with items on IDEAS)

Citations

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:cuf:wpaper:294. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Qiang Gao).

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 references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link 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 profile, as there may be some citations waiting for confirmation.

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