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Results
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Land Conversion and Misallocation Across Cities in China
Documentos de trabajoJunio 2019Shihe Fu, Xiaocong Xu, and Junfu ZhangThe Chinese government has been using quotas to control the amount of farmland that can be converted for urban uses in different cities every year. Using a sample of more than 1.5 million land-lease...
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The Development of Copycat Towns in China
An Initial Analysis of Their Economic, Social, and Environmental ImplicationsDocumentos de trabajoOctubre 2017Daniel Sui, Bo Zhao, and Hui KongThe great urban leap forward in China during the past four decades has dramatically transformed the Chinese landscape across the country as well as Chinese society in many profound ways. By situating...
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Bubble Economics
How Big a Shock to China’s Real Estate Sector Will Throw the Country into Recession, and Why Does It Matter?Documentos de trabajoMayo 2016Bryane Michael and Simon X. ZhaoHow far do China’s property prices need to drop in order to send the country into a recession? What does this question tell us about the way Bubble Economies work? In this paper, we develop a...
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Dealing with “Small Property Rights” in China’s Land Market Development
What Can China Learn from Its Past Reforms and the World Experience?Documentos de trabajoSeptiembre 2014Xiaofang Shen and Fan TuThis research aims to examine the knotty issue in China’s continued land market reform, the so-called “small property right” (SPR) referring to the ambivalent right to the commercial properties...