Urban development land price distortion and industrial structure evolution in China

Yong-jian Liu, Hong Yang (), Jia-xun Song and Xiao-yan Gu
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Yong-jian Liu: College of Business Economics, Shanghai Business School
Hong Yang: Jinling Institute of Technology
Jia-xun Song: Shanghai Maritime University
Xiao-yan Gu: Jinling Institute of Technology

Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, 2025, vol. 27, issue 9, No 12, 20667 pages

Abstract: Abstract Based on quantile regression model, we explore the mechanism of the impact of urban development land price distortion on industrial structure evolution. Furthermore, we investigate the nonlinear effects of urban development land price distortion on industrial structure evolution under different thresholds of regional variables by using a panel threshold model. The results show that (1) Urban development land price distortion significantly inhibited the evolution of China’s industrial structure during the period under examination. (2) The inhibitory effect of urban development land price distortion on the industrial structure at different quantiles was heterogeneous during the period under examination. (3) Urban development land price distortion has a nonlinear effect on the industrial structure evolution at different thresholds of regional variables. In response to these findings, we propose policy recommendations to correct urban development land price distortion to promote industrial structure evolution, thus providing a reference for governmental decision-making.

Keywords: Urban development land; Price distortion; Industrial structure; Quantile regression; Panel threshold model (search for similar items in EconPapers)
Date: 2025
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DOI: 10.1007/s10668-023-03156-6

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