Rapid Land Conversion
David Daokui Li (),
Sijia Hu (),
Bing Li (),
Hongyu Zhao (),
Yifan Chen () and
He Zhang ()
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David Daokui Li: Tsinghua University
Sijia Hu: Central University of Finance and Economics
Bing Li: Tsinghua University
Hongyu Zhao: Tsinghua University
Yifan Chen: Tsinghua University
He Zhang: Tsinghua University
A chapter in Economic Lessons from China’s Forty Years of Reform and Opening-up, 2021, pp 41-66 from Springer
Abstract:
Abstract This section analyzes the role land conversion plays in economic activities. Land conversion was a key issue in classical political economy, but modern economics has not paid enough attention to this. While the process of industrialization, urbanization, and the development of the real estate market is highly dependent upon the conversion of agricultural land into non-agricultural use, land conversion and the Coasian negotiations can be very costly. China’s experiences indicate that government can play an active role in the conversion of land usage, by helping reduce the transaction costs of land conversion. In addition, there needs to be top-down overall planning of land usage, including urban planning.
Keywords: Land conversion; Government behavior; Urbanization; Urban planning (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-33-4520-1_3
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DOI: 10.1007/978-981-33-4520-1_3
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