Land market misallocation, regional integration, and economic growth: Evidence from the Yangtze River Delta Region, China
| Published date | 01 February 2024 |
| Author | Xiaoping Zhong,Shaojie Zhou,Xiaohua Yu |
| Date | 01 February 2024 |
| DOI | http://doi.org/10.1002/pad.2033 |
Received: 5 June 2023
-
Revised: 13 November 2023
-
Accepted: 15 November 2023
DOI: 10.1002/pad.2033
RESEARCH ARTICLE
Land market misallocation, regional integration, and
economic growth: Evidence from the Yangtze River Delta
Region, China
Xiaoping Zhong
1
|Shaojie Zhou
1
|Xiaohua Yu
2
1
School of Public Policy and Management,
Tsinghua University, Beijing, China
2
Department of Rural Development and
Agricultural Economics, University of
Göttingen, Göttingen, Germany
Correspondence
Xiaohua Yu, MZG 10.120, Platz der Göttinger
Sieben 5, Göttingen 37073, Germany.
Email: xyu@gwdg.de
Abstract
Intensive land use and land marketization is an important engine for promoting
regional integration, especially on the background of China's fragmented land
market. It might be difficult to establish an integrated national land market in the
short run. As a compromise, the establishment of regional land markets consisting of
a few neighboring provinces could be an option. Particularly, the Yangtze River
Delta Region (YRDR), could be an ideal place for such a policy trial. This study uses
the data of Shanghai, Jiangsu, Zhejiang, and Anhui in YRDR from 1999 to 2017 to
quantitatively calibrate possible economic benefits when the land misallocation is
corrected with an integrated land market. We find that, if an integrated construc-
tion land market was established in YRDR, and Anhui could transfer some of its
construction land quota to Shanghai, the transaction between Anhui and Shanghai
in 2017 could bring an improved income of 289.8 billion yuan in YRDR, ceteris
paribus, about 1.73% of the regional gross domestic product. The integration of
regional land markets has brought about significant efficiency improvements. This
study provides insights into sustainable economic growth in future China and the
regional development strategy of other developing countries.
KEYWORDS
construction land market, land marketization, misallocation, regional integration, Yangtze
River Delta Region
1
|
INTRODUCTION
Regional integration plays an important role in effective resource
allocation, alleviating regional disparities, and regional economic and
social development. Mature regional integration between different
countries has emerged, such as the European Union, and regional
integration is being promoted in less developed regions, such as
Southeast Asia (Bong & Premaratne, 2018) and Southern Africa
(Mlambo, 2019). Studies have confirmed that regional integration
contributes to stimulating the economic growth of member countries,
enhancing intraregional trade, and promoting ecological and envi-
ronmental protection (Bong & Premaratne, 2018; Kang et al., 2022;
Vamvakidis, 1998). Many countries also implement regional devel-
opment strategies within their borders to promote the integration
and development of sub‐national governments, such as the estab-
lishment of regional development funds in Brazil (Resende, 2013),
This is an open access article under the terms of the Creative Commons Attribution‐NonCommercial License, which permits use, distribution and reproduction in any
medium, provided the original work is properly cited and is not used for commercial purposes.
© 2023 The Authors. Public Administration and Development published by John Wiley & Sons Ltd.
Public Admin Dev. 2024;44:17–31. wileyonlinelibrary.com/journal/pad
-
17
Get this document and AI-powered insights with a free trial of vLex and Vincent AI
Get Started for FreeStart Your Free Trial of vLex and Vincent AI, Your Precision-Engineered Legal Assistant
-
Access comprehensive legal content with no limitations across vLex's unparalleled global legal database
-
Build stronger arguments with verified citations and CERT citator that tracks case history and precedential strength
-
Transform your legal research from hours to minutes with Vincent AI's intelligent search and analysis capabilities
-
Elevate your practice by focusing your expertise where it matters most while Vincent handles the heavy lifting
Start Your Free Trial of vLex and Vincent AI, Your Precision-Engineered Legal Assistant
-
Access comprehensive legal content with no limitations across vLex's unparalleled global legal database
-
Build stronger arguments with verified citations and CERT citator that tracks case history and precedential strength
-
Transform your legal research from hours to minutes with Vincent AI's intelligent search and analysis capabilities
-
Elevate your practice by focusing your expertise where it matters most while Vincent handles the heavy lifting
Start Your Free Trial of vLex and Vincent AI, Your Precision-Engineered Legal Assistant
-
Access comprehensive legal content with no limitations across vLex's unparalleled global legal database
-
Build stronger arguments with verified citations and CERT citator that tracks case history and precedential strength
-
Transform your legal research from hours to minutes with Vincent AI's intelligent search and analysis capabilities
-
Elevate your practice by focusing your expertise where it matters most while Vincent handles the heavy lifting
Start Your Free Trial of vLex and Vincent AI, Your Precision-Engineered Legal Assistant
-
Access comprehensive legal content with no limitations across vLex's unparalleled global legal database
-
Build stronger arguments with verified citations and CERT citator that tracks case history and precedential strength
-
Transform your legal research from hours to minutes with Vincent AI's intelligent search and analysis capabilities
-
Elevate your practice by focusing your expertise where it matters most while Vincent handles the heavy lifting
Start Your Free Trial of vLex and Vincent AI, Your Precision-Engineered Legal Assistant
-
Access comprehensive legal content with no limitations across vLex's unparalleled global legal database
-
Build stronger arguments with verified citations and CERT citator that tracks case history and precedential strength
-
Transform your legal research from hours to minutes with Vincent AI's intelligent search and analysis capabilities
-
Elevate your practice by focusing your expertise where it matters most while Vincent handles the heavy lifting