Study on the Impact of Collective Construction Land Transfers on County-level Market Vitality:From the Perspective of Enterprise Entry
The purposes of this study are to focus on the initiatives to advance a unified urban-rural construction land market and to systematically examine the impact of collective construction land transfers on county-level market vitality from the perspective of enterprise entry.The research methods are as follows.By combining micro datasets of industrial and commercial enterprise registrations and land transfers with county-level economic data,the study utilizes a counterfactual framework for causal inference.A multi-period difference-in-differences(DID)method is employed to test the policy effects and conduct mechanism analysis.The research results show that:1)collective construction land transfers significantly enhance county-level market vitality,supported by a series of robustness checks.2)The reform influences land supply scale and land supply prices,which weakens government regulation,promotes the market-oriented allocation of land factors,and corrects the price deviations of industrial and commercial residential land.3)The policy,to some extent,improves land output efficiency,resulting in enhanced effectiveness and increased market vitality.In conclusion,to bolster county-level market vitality through the support of land factor markets,it is essential to deepen the market-oriented allocation of land factors,to further expand the scope of collective construction land transfers,and to improve the transfer processes and marketization mechanisms of collective land.
collective construction land transfersenterprise entrycounty-level market vitalityland market reformurban-rural integration