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《Modern Economic Science》 2008-02
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Urban Land Prices Driven by Market Forces and Government Actions:An Empirical Study of Chinese Cities

KE Shan-zi,HE Ming(School of Economics and Trade,Human University,Changsha 410079,China)  
This paper presents an empirical model of urban land price based on the monocentric model and the characteristics of Chinese urban land market and apply this model to a cross-sectional study.The results indicate that urban population and income are important determinants for urban land prices.To a lesser extent,intra-city transport cost and rural land value help explain price variations.The empirical results also show that the government can directly and indirectly influence land price by controlling land supply and choosing different transaction methods,although a more powerful force driving land price is exuberant demand.Robust regression estimates confirm the results are reliable.
【CateGory Index】: F299.2
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