Research On The Effects Of Industrial Land Market Reform On The Land Allocation

Land allocation affects the sustainable development of the economy.Due to the dual effects of fiscal pressure and promotion game,coupled with China's special land property rights system,local governments will intervene in the land allocation to attract enterprise investment.With the implementation of the market-oriented reform of industrial land,the market mechanism will play a role in the process of land resource allocation.Based on the above background,this paper establishes firm-level land purchase data by matching Chinese industrial enterprise database from 2007 to 2013 with the industrial land transfer result database during the same period,and researches how the industrial land market reform affects the land resources allocation.First,this paper examines the effect of industrial land market reform on land allocation from the perspective of opportunity fairness.Drawing on existing research,this research establishes a firm decision function and finally puts forward hypotheses by the mathematical analysis.The purpose here is to analyze the preference characteristics of enterprises in the land purchase decision under the influence of the reform of industrial land marketization.Second,based on the counterfactual method,this research examines the effect of industrial land market reform on the fairness of land allocation price from whether the price discrimination of corporate land purchase has alleviated.Finally,from the perspective of allocation efficiency,this paper examines the regional heterogeneity of the degree of industrial land marketization on the efficiency of land allocation through constructing panel data.In summary,this dissertation has achieved the goal of a more comprehensive and in-depth study about the effects of industrial land market reform which includes land allocation opportunity fairness among firms,land allocation price fairness among enterprises,and the land allocation efficiency among regions.Based on the research findings,this article puts forward policy recommendations.The research conclusions are as follows: First,state-owned enterprises had a strong land purchase advantage compared with other ownership firms in the early stage of industrial land market reform,which can be seen by the acquirement probability of high-quality land(referring to the land parcels with higher grades or more near to the city center or larger areas).However,with the continuous advancement of this reform,the advantage of state-owned enterprises has weakened,which means that this market-oriented reform have enhanced the fairness of opportunities for land allocation among enterprises.Second,the counterfactual regression results show that while controlling for other variables,state-owned enterprises can purchase industrial land at a lower unit price,that is,there is a difference in the land allocation price between state-owned enterprises and non-state-owned enterprises.However,with the implement of this reform,the price discrimination has alleviated,which shows that market-oriented reform has enhanced the price fairness of land allocation among enterprises.Finally,from the perspective of land allocation efficiency,the study of regional heterogeneity shows that during the study period,industrial land market reform has a significant negative impact on the eastern region and central region,while it is significantly positive for the northeast region,and the effect is not significant in the western region.