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Rapid Land Conversion

In: Economic Lessons from China’s Forty Years of Reform and Opening-up

Author

Listed:
  • David Daokui Li

    (Tsinghua University)

  • Sijia Hu

    (Central University of Finance and Economics)

  • Bing Li

    (Tsinghua University)

  • Hongyu Zhao

    (Tsinghua University)

  • Yifan Chen

    (Tsinghua University)

  • He Zhang

    (Tsinghua University)

Abstract

This section analyzes the role land conversion plays in economic activities. Land conversion was a key issue in classical political economy, but modern economics has not paid enough attention to this. While the process of industrialization, urbanization, and the development of the real estate market is highly dependent upon the conversion of agricultural land into non-agricultural use, land conversion and the Coasian negotiations can be very costly. China’s experiences indicate that government can play an active role in the conversion of land usage, by helping reduce the transaction costs of land conversion. In addition, there needs to be top-down overall planning of land usage, including urban planning.

Suggested Citation

  • David Daokui Li & Sijia Hu & Bing Li & Hongyu Zhao & Yifan Chen & He Zhang, 2021. "Rapid Land Conversion," Springer Books, in: David Daokui Li (ed.), Economic Lessons from China’s Forty Years of Reform and Opening-up, pages 41-66, Springer.
    • Handle: RePEc:spr:sprchp:978-981-33-4520-1_3
    DOI: 10.1007/978-981-33-4520-1_3
    as

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