Shen, Lumin; Zhu, Xiwei; He, Ming; Wu, Yiyun; Luo, Deming - 2023
We study the impact of China's land use regulation on firm productivity. Our theoretical analysis shows that a … restriction on the supply of industrial land will reduce the number of operating firms and harm their average productivity. We … employ a natural experiment based on geography and find that after the central government tightened non-agricultural land use …