Industrial Land Price Regulation and Local Economic Growth
We examine the industrial land market's 2007 minimum land price(MLP)policy.Exploiting both the temporal and spatial variations of the policy,we use a difference-in-differences regression frame-work to estimate the effect of the MLP policy on local economic growth measured by nighttime lights.We find that among the counties bounded by the policy,a 100-yuan increase in the minimum price leads to a decrease in nighttime lights by 2.6％on average.The excessively high price limits have hindered new en-tries and the expansion of incumbents,thereby cause an unintended unfavorable effect on local economic growth.
industrial landminimum land price regulationlocal economic growth
万方数据
维普
