Does industrial land marketization reform faciliate urban land use efficiency?

Jianping Zhang, Runda Xu and Jie Chen

International Review of Economics & Finance, 2024, vol. 96, issue PA

Abstract: As a key input factor and necessary space carrier for the development of various industries in the city, the market allocation mode of industrial land has a great impact on the land use efficiency of the whole city. This paper objectively evaluates the actual effect of industrial land marketization policy on urban land use efficiency, and finds that industrial land marketization reform further reflects land value, releases land dividend, increases land transfer income of local governments, and expands funds for land consolidation and development, thus effectively improving urban land use efficiency. By using the Slack-Based-Measure (SBM) model to evaluate the effective decision-making unit to measure the land use efficiency, and using the spatial Durbin difference-in-difference method to estimate the effect of industrial land marketization policy on improving urban land use efficiency in 2007, the main conclusions are as follows: (1) After using the static spatial difference-in-difference model and the dynamic spatial difference-in-difference model, it is found that the industrial land marketization policy implemented in 2007 significantly improved the urban land use efficiency. (2) The moderating effect shows that fiscal pressure has a negative impact on the positive role of industrial land marketization in improving urban land use efficiency, and promotion incentives have a positive impact on the positive role of industrial land marketization in improving urban land use efficiency. (3) Mechanism analysis shows that the market-oriented reform of industrial land will improve the efficiency of urban land use by promoting the upgrading of industrial structure and curbing real estate investment. The above research conclusions provide a theoretical basis for optimizing the allocation mode, management system and revenue and expenditure structure of industrial land transfer, improving the long-term assessment system of local governments, promoting the optimization and upgrading of industrial structure, and improving the unsustainable development of cities caused by excessive real estate investment.

Keywords: Marketization of industrial land; Land use efficiency; The upgrading of industrial structure; Real estate investment (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:reveco:v:96:y:2024:i:pa:s1059056024006014

DOI: 10.1016/j.iref.2024.103609

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