Capitalization of land development rights in rural China: A choice experiment on individuals’ preferences in peri-urban Shanghai |
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| Institution: | 1. College of Land Management, Huazhong Agricultural University, Wuhan, China;2. Leibniz Institute of Agricultural Development in Transition Economies (IAMO), Halle, Germany;3. Department of Environmental Science, Policy, and Management, University of California, Berkeley, USA;4. Department of Asian and Policy Studies, The Education University of Hong kong, Hong Kong;1. School of Economics and Management, Southeast University, Nanjing, China;2. Department of Public Policy, City University of Hong Kong, Hong Kong, China;3. Shenzhen Research Institute, City University of Hong Kong, Shenzhen, China;4. Department of Building and Real Estate, The Hong Kong Polytechnic University, Hong Kong, China;1. College of Public Administration, Zhejiang University, Hangzhou 310058, China;2. The Earth Institute, Columbia University, New York, NY 10115, USA;3. School of Public and Environmental Affairs, Indiana University-Purdue University Indianapolis, Indianapolis, IN 46202, USA;4. Department of Public Policy, City University of Hong Kong, Hong Kong, China;1. School of Architecture and Urban Planning, Chongqing Jiaotong University, 66 Xuefu Road, Nan’an District, Chongqing, 400074, PR China;2. School of Architecture and Urban Planning, Suzhou University of Science and Technology, 1701 Binhe Road, Suzhou, PR China;3. School of Geography and Planning, Cardiff University, Glamorgan Building, King Edward VII Avenue, Cardiff, CF10 3WA, UK;4. School of Public Affairs, Zhejiang University, 955 Mengminwei Buidling, Yuhangtang Road, Hangzhou, 310058, PR China;1. Department of Land Management, Zhejiang University, Hangzhou, PR China;2. School of Public Administration, Zhejiang University of Finance & Economics, Hangzhou, PR China;3. School of Urban Development, Queensland University of Technology, Brisbane, Australia |
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| Abstract: | The capitalization of land development rights is acknowledged as the key to improving compensations for rural landholders and ameliorating land-related social conflicts in peri-urban China. Investigations into reasonable as well as feasible compensation standards and the capitalization mechanism are yet to be done. This study uses a survey-based choice experiment to empirically estimate the value of land development rights in peri-urban Shanghai for three forms of rural land conversion – acquisition, consolidation and (informal) sale. The results show that heterogeneity across individuals’ preferences translates into different utilities from land development, which affects individual’s willingness to participate in this process. This effect is found to be the strongest for land sales on the informal market. If, however, land conversion is managed by local governments and rural collectives, the expected utilities of individuals have no significant effect on the amount of land development. The results suggest that capitalizing land development rights under consideration of land attributes and individuals’ preferences would lift compensation standard to a level that strikes a balance among competing land-related interests. In addition, it would promote China’s land development by bypassing the institutional constraints imposed by the current land tenure system. |
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| Keywords: | Land development rights Choice experiment Rural land conversion Respondents’ heterogeneity Peri-urban Shanghai |
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