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China's land market features a substantial industrial discount: industrial-zoned land is an order of magnitude cheaper … governments. We show that local governments, who serve as monopolistic land sellers in China, face a trade-off between supplying …
Persistent link: https://www.econbiz.de/10013388860
The path of income inequality in post-reform China has been widely interpreted as "China's Kuznets curve." We show that … the Kuznets growth model of structural transformation in a dual economy, alongside population urbanization, has little … agrarian policy reforms. Our findings warn against any presumption that the Kuznets process will assure that China has passed …
Persistent link: https://www.econbiz.de/10012616646
China's fast economic growth over the past 40 years has been accompanied by an increasingly rapid rate of urbanization … generally believed to be a dominant driving force. Motivated by a recent finding of a high housing vacancy rate in urban China …, but not to the change of night-time light. These results suggest that an inaccurate account of urbanization is an …
Persistent link: https://www.econbiz.de/10012480529
China urbanization is associated with both increases in per-capita income and greenhouse gas emissions. This paper uses … suggests that current regional economic development policies that bolster the growth of China's northeastern cities are likely … China's cities …
Persistent link: https://www.econbiz.de/10012463029
This paper explores the contribution of the structural transformation and urbanization process to China's housing …
Persistent link: https://www.econbiz.de/10012453892
Are the well-known facts about urbanization in the United States also true for the developing world? We compare … American metropolitan areas with comparable geographic units in Brazil, China and India. Both Gibrat's Law and Zipf's Law seem … to hold as well in Brazil as in the U.S., but China and India look quite different. In Brazil and China, the implications …
Persistent link: https://www.econbiz.de/10012456671
allocation. We develop a two-stage estimation approach and apply it to China's loan-level data that covers all sectors in the …
Persistent link: https://www.econbiz.de/10012481311
In generating fast economic growth, China is also generating growing concern about its environmental record. Using 2000 …
Persistent link: https://www.econbiz.de/10012459907
In Beijing, the metropolitan government has made enormous place based investments to increase green space and to improve public transit. We examine the gentrification consequences of such public investments. Using unique geocoded real estate and restaurant data, we document that the construction...
Persistent link: https://www.econbiz.de/10012461656
A substantial fraction of local governments refinance their long-term debt with significant delays - resulting in sizable losses. Using data from 2001 to 2018, we estimate that U.S. municipals lost over $31 billion from this delayed refinancing, whereas the entire U.S. corporate sector, facing...
Persistent link: https://www.econbiz.de/10012938759