Are Princelings Truly Busted? Evaluating Transaction Discounts in China's Land Market

Julia Manso

Papers from arXiv.org

Abstract: This paper narrowly replicates Chen and Kung's 2019 paper ($The$ $Quarterly$ $Journal$ $of$ $Economics$ 134(1): 185-226). Inspecting the data reveals that nearly one-third of the transactions (388,903 out of 1,208,621) are perfect duplicates of other rows, excluding the transaction number. Replicating the analysis on the data sans-duplicates yields a slightly smaller but still statistically significant princeling effect, robust across the regression results. Further analysis also reveals that coefficients interpreted as the effect of logarithm of area actually reflect the effect of scaled values of area; this paper also reinterprets and contextualizes these results in light of the true scaled values.

Date: 2025-02
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
http://arxiv.org/pdf/2502.07692 Latest version (application/pdf)

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:arx:papers:2502.07692

Access Statistics for this paper

More papers in Papers from arXiv.org
Bibliographic data for series maintained by arXiv administrators ().