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The Structure of Chinese Urban Land Prices: Estimates from Benchmark Land Price Data

  • Rui Wang
Article

Abstract

Taking the recent benchmark land prices published by the Chinese city governments, the paper estimates commercial and residential land price curves of Chinese cities using cross-sectional data, controlling for urban population size and income level. The urban land leasing price–distance relationship is estimated based on the argument that monocentric urban structure is representative for Chinese cities. Both population size and income level are found to positively affect urban land price and price–distance gradients. Commercial land prices are higher than residential land prices except in suburbs or outer central urban areas, where the land prices of different uses converge. In most situations, commercial use price gradients are larger than those of residential use.

Keywords

Urban land price curve Benchmark land price Gradient China 

Notes

Acknowledgments

The author thanks Professor José A. Gómez-Ibáñez and an anonymous referee for their helpful comments and suggestions.

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Copyright information

© Springer Science+Business Media, LLC 2007

Authors and Affiliations

  1. 1.John F. Kennedy School of Government and Harvard University Center for the EnvironmentHarvard UniversityCambridgeUSA

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