equilibrium model, we investigate a major policy change of distributing more land to underdeveloped inland regions in China. First …

We study the impact of China's land use regulation on firm productivity. Our theoretical analysis shows that a … amounts to 25-27% of China’s overall productivity growth. Further investigation shows that up to 40% of the productivity loss … restriction on the supply of industrial land will reduce the number of operating firms and harm their average productivity. We …