Factors Influencing Land Development and Redevelopment during China’s Rapid Urbanization: Evidence from Haikou City, 2003–2016

Tao Zhou, Rui Zhao and Yulin Zhou
Additional contact information
Tao Zhou: School of Construction Management and Real Estate, Chongqing University, Chongqing 400044, China
Rui Zhao: School of Construction Management and Real Estate, Chongqing University, Chongqing 400044, China
Yulin Zhou: School of Construction Management and Real Estate, Chongqing University, Chongqing 400044, China

Sustainability, 2017, vol. 9, issue 11, 1-17

Abstract: Land development and redevelopment (LDR) is essential to economic growth and the advancement of urbanization in urban China. Moreover, various factors affect LDR. Based on an investigation, during 2003–2016, which involves 420 parcels within a 2-km section of the Nandu River, Haikou city, this paper employs a logistic model, so as to judge the impact of LDR on these parcels, and then with an improved hedonic model, it sets out to explore the LDR influencing factors. Specifically, the results show that the impact mechanism of LDR in China is different from countries where economy is the main influencing force. Moreover, China’s urban land development results from the cooperation and competition between local government and enterprises, with a particular focus on multiple political and economic factors. Hence, the paper innovatively incorporates quantifiable political and property factors that significantly influence the results. Finally, the paper tries to explain the variance from macro-level government and micro-level enterprises perspectives. In conclusion, China’s land development requires cooperation among the government and enterprises, in order to improve the economic, social, and environmental benefits of land use.

Keywords: land development and redevelopment; China’s urbanization; hedonic model; logistic model; political and economic factors (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
https://www.mdpi.com/2071-1050/9/11/2011/pdf (application/pdf)
https://www.mdpi.com/2071-1050/9/11/2011/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:gam:jsusta:v:9:y:2017:i:11:p:2011-:d:117440

Access Statistics for this article

Sustainability is currently edited by Ms. Alexandra Wu

More articles in Sustainability from MDPI
Bibliographic data for series maintained by MDPI Indexing Manager ().