The Effect of the Spatial Allocation of Land on County Economic Growth:Policy Analysis Based on Within-county Increasing Versus Decreasing Balance
The report of 20th National Congress of the Party proposed that"we will pursue integrated urban and rural development and smooth the flow of factors of production between urban and rural areas".The new quality productive forces inevitably require innovative ways of allocating factors of production.County is the basic unit of integrated urban and rural development,and the spatial allocation of land plays an important role in the development of county economy.The construction land-use policy of"increasing versus decreasing balance"in urban and rural areas is an important measure implemented by the central government to optimize the spatial allocation of land between urban and rural areas.However,its value and contribution to socio-economic development is often overlooked and controversial.This study evaluated the effect of the"increasing versus decreasing balance"policy implemented within county boundary on economic growth using a two-way fixed effect model,based on county-level policy implementation data from 2006-2022.The results show that the policy significantly increased local GDP,which is a positive policy effect on county economic growth.The policy promoted the development of county economy by improving land allocation efficiency and increasing the fiscal revenue of local government.The positive effect of the policy on local economic growth was larger in the eastern coastal area,areas close to central cities,areas with higher fiscal self-sufficiencies,and areas with higher marketization level.This study sheds light on potential improvements in the"increasing versus decreasing balance"policy.
Construction land-use policy of"increasing versus decreasing balance"County economySpatial allocationFactor markets