年度	2023
全部作者	Hao Liu, Xiao-Hang Guo, Li-Chen Chou, Helen Cai, Xi-Xi Ye
作者類別	通訊作者
論文名稱	Public land sales and the political cycle in China
卷數	36
期數	3
論文類型	電子期刊
總頁數	15
發表日期	2023-12-26
摘要	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.
語言	英文
參考連結	https://doi.org/10.1080/1331677X.2023.2288127