Polycentric development under public leasehold: A spatial analysis of commercial land use rights

Jin Murakami and Zheng Chang

Regional Science and Urban Economics, 2018, vol. 71, issue C, 25-36

Abstract: This study inspects the urban spatial structure of growing megacities on a polycentric or edgeless development pathway under public leasehold systems using transaction data on commercial land use rights within the Shanghai metropolitan area for 2004–2016. Both zone-level supply and parcel-level demand equations are estimated to address whether the spatial distribution and price formation of commercial land use rights are associated with: (1) existing district centers and/or new employment subcenters; (2) highway and/or metro extensions; and (3) two suburban airports. Three sets of empirical findings describe how the transfers of commercial land use rights from local governments to property developers significantly predetermine the long-term trajectory of polycentric or edgeless development in emerging economies under public leasehold systems.

Keywords: Urban spatial structure; Polycentric development; Employment subcenter; Public leasehold; Land use rights (search for similar items in EconPapers)
JEL-codes: R14 R32 R52 (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (10)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:regeco:v:71:y:2018:i:c:p:25-36

DOI: 10.1016/j.regsciurbeco.2018.05.001

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