Public land sales and the political cycle in China
Article
Liu, H., Guo, X., Chou, L., Cai, H. and Ye, X. 2023. Public land sales and the political cycle in China. Economic Research-Ekonomska Istrazivanja. 36 (3). https://doi.org/10.1080/1331677x.2023.2288127
| Type | Article |
|---|---|
| Title | Public land sales and the political cycle in China |
| Authors | Liu, H., Guo, X., Chou, L., Cai, H. and Ye, X. |
| Abstract | This study analyzed the influence of the political cycle on public land transfer. In this paper, the Party Congress is taken as a political cycle, and we construct a model to discuss the relationship between public land sales and the political cycle. The empirical analysis is based on the land transfer panel data of prefecture-level cities from 2002 to 2018. The main results show that the land transfer area and land transfer income show a downward trend in the early stage of the Party Congress, while the land transfer area and land transfer income show an upward trend after the Party Congress. We believe that the political cycle has a significant impact on the supply of public land. The reason is that the political uncertainty in the early stage of the Party Congress is very high, and the impact of the land transfer on tax revenue and economic growth lags behind. Officials reduce the valuation of future income and thus reduce land transfer. As political uncertainty abated after the party congress, local officials joined the promotion race, offering land to attract investment and boost economic growth. |
| Keywords | China; political cycle; public land; uncertainty |
| Sustainable Development Goals | 16 Peace, justice and strong institutions |
| Middlesex University Theme | Sustainability |
| Publisher | Taylor & Francis (Routledge) |
| Journal | Economic Research-Ekonomska Istrazivanja |
| ISSN | 1331-677X |
| Electronic | 1848-9664 |
| Publication dates | |
| Online | 14 Dec 2023 |
| 25 Dec 2023 | |
| Publication process dates | |
| Submitted | 13 Dec 2021 |
| Accepted | 21 Nov 2023 |
| Deposited | 31 Jan 2025 |
| Output status | Published |
| Publisher's version | License File Access Level Open |
| Copyright Statement | © 2023 The Author(s). Published by Informa UK Limited, trading as Taylor & Francis Group. |
| Digital Object Identifier (DOI) | https://doi.org/10.1080/1331677x.2023.2288127 |
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| License: CC BY 4.0 | ||
| File access level: Open | ||
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