EconPapers    
Economics at your fingertips  
 

Urbanization and land finance dependence: Insights from China

Shi Chen, Chao Tian, Siyuan Dong, Tianheng Shu, Yixiong Huang and Meiying Huang

Economic Modelling, 2025, vol. 152, issue C

Abstract: The “new” urbanization process has transformed China's traditional urban development model and is gradually becoming the principal driver of integrated economic, social, and environmental growth. This study treats the new-type urbanization (NTU) pilot strategy as a quasi-natural experiment and measures prefecture-level cities' dependence on land finance using panel data from 2006 to 2022. Employing a staggered difference-in-differences approach, it examines the impact of NTU on land finance dependence and explores potential mechanisms. The results show that NTU significantly reduces land finance dependence. Furthermore, this positive effect is more pronounced in resource-based cities, areas with lower land-utilization efficiency, higher human capital, and lower carbon emissions. Mechanism tests indicate that NTU mitigates land finance dependence by enhancing entrepreneurial vitality, innovation activity, and economic resilience. From the perspective of China's modernization path, the findings provide practical evidence for high-quality regional development and offer insightful policy recommendations.

Keywords: New-type urbanization; Land finance dependence; Entrepreneurial vitality; Innovation activity; Economic resilience (search for similar items in EconPapers)
Date: 2025
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0264999325002482
Full text for ScienceDirect subscribers only

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:eee:ecmode:v:152:y:2025:i:c:s0264999325002482

DOI: 10.1016/j.econmod.2025.107253

Access Statistics for this article

Economic Modelling is currently edited by S. Hall and P. Pauly

More articles in Economic Modelling from Elsevier
Bibliographic data for series maintained by Catherine Liu ().

 
Page updated 2025-10-07
Handle: RePEc:eee:ecmode:v:152:y:2025:i:c:s0264999325002482