The Structure of Chinese Urban Land Prices: Estimates from Benchmark Land Price Data |
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| Authors: | Rui Wang |
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| Institution: | (1) John F. Kennedy School of Government and Harvard University Center for the Environment, Harvard University, 19 Oxford Street, Cruft 214, Cambridge, MA 02138, USA |
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| 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.
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| Keywords: | Urban land price curve Benchmark land price Gradient China |
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