Tang, Yugang; Su, Zhihao; Hou, Yilin; Yin, Zhendong - 2023 - This version: November, 2023
land when two categories of land use are subject to different fiscal revenue alternatives: business-related tax and/or land … rent. We use urban parcel-level land transfers during China's peak period of urbanization, match commercial parcels with … observed discounts arise from the future tax flows from commercial use, i.e., expected taxes from developed commercial land …