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《Journal of Finance and Economics》 2008-07
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Mathematical and Empirical Research on Industrial Land in China

LIN Rong-mao,LIU Xue-min(College of Resources Science and Technology,Beijing NormalUniversity,Beijing 100875,China)  
The use of industrial land in China is inefficient and the over-expansion of low-cost land is increasingly prominent.This paper examines the optimal grant amount of industrial land,the factors that lead to the extensive expansion of industrial land,and the wage effect caused by industrial land expansion,by establishing a new classical land-use model with a mathematical method,using the panel data from 1986 to 2003.The result shows that the maximum pursuit of industrial output of local government results in the extensive expansion of industrial land.If industrial enterprise and government obtain the profit of land,the marginal wage of residents will decrease with the increasing of the grant amount of industrial land.In order to harness the low cost and expansion of industrial land,the pattern of benefit allocation must be adjusted and the way to utilize the land must be clarified.There is long delay if the government raises the industrial land price in order to curb land expansion.The approval suspension might be effective in short term,but it will result in a dramatic rebound.
【CateGory Index】: F424;F301;F224
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