This paper seeks to understand the importance of changes in the fundamental factors of demand and supply, such as the urban hukou population, wage income, urban land supply, and construction costs, in explaining the rising residential housing prices in major Chinese cities between 2002 and 2008....

Market forces played a negligible role in the allocation of industrial land before 2007 in China. Since 2007, the central government has launched a reform that strictly implemented two policies: 1) all the urban industrial land must be sold through public auction; 2) there is a minimum land...

This paper studies the determinants of the spatial pattern of urban land development. Our study is motivated by an interesting fact observed in the past decade, the fact that the fastest-growing Chinese cities have undergone outward expansion of urban land development with relatively low use...

Land use regulations have been pursued by many governments around the world. When making land development policies for cities that feature high population density and limited land supply, one question looms large: where and how much to build across different localities of a city? To answer this...

Land allocation has played an essential role in China’s industrial development. In the past, most industrial land was transacted through negotiations that usually lacked transparency and competition. Since 2007, the central government has required industrial land to be sold via public auction....