土地投资监管与分配效率：来自中国制造业的证据

IF 3.1 2区经济学 Q1 ECONOMICS

Journal of Economic Geography Pub Date : 2024-08-01 DOI:10.1093/jeg/lbae024

Aidong Zhao, Huub Ploegmakers, Jan Rouwendal, Xianlei Ma

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引用次数: 0

摘要

本文分析了生产要素土地在生产过程中的作用。利用 2007 年至 2014 年中国制造业 20205 家新成立企业的新数据集，我们的生产函数估算表明，土地的边际生产率与其使用成本之间存在相当大的差距（平均为 50 美元/平方米）。基本经济理论表明，这可能与中国的最低投资强度（MII）规定有关。利用最低投资强度限值随时间的变化以及由此产生的县域边界不连续性进行的分析证实，较大的差距与最低投资强度限值的提高有显著关联。因此，本研究的结果表明，最低投资强度规定会导致土地配置效率低下。

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Land investment regulation and allocative efficiency: evidence from the Chinese manufacturing sector

This article analyzes the role of production factor land in the production process. Using a novel dataset of 20,205 newly established firms in the Chinese manufacturing sector from 2007 to 2014, our production function estimates suggest the existence of a sizable gap (averaging 50 USD/m2) between the marginal productivity of land and its user cost. Basic economic theory suggests a possible relationship with China’s minimum investment intensity (MII) regulation. An analysis using changes in MII limits over time and the resulting discontinuities at county borders confirms that larger gaps are significantly associated with increases in MII limits. Thus, the results of this study suggest that MII regulation leads to allocative inefficiency of land.

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来源期刊

Journal of Economic Geography Multiple-

CiteScore

5.40

自引率

6.90%

发文量

期刊介绍： The aims of the Journal of Economic Geography are to redefine and reinvigorate the intersection between economics and geography, and to provide a world-class journal in the field. The journal is steered by a distinguished team of Editors and an Editorial Board, drawn equally from the two disciplines. It publishes original academic research and discussion of the highest scholarly standard in the field of ''economic geography'' broadly defined. Submitted papers are refereed, and are evaluated on the basis of their creativity, quality of scholarship, and contribution to advancing understanding of the geographic nature of economic systems and global economic change.