Identification and correction of ratchet effect of residential land price: empirical study on urban agglomeration in China

References

• Anselin, L., J. L. Gallo, and H. Jayet 2008. ”Spatial Panel Econometrics.” In The Econometrics of Panel Data. Advanced Studies in Theoretical and Applied Econometrics, edited by L. Mátyás and P. Sevestre. Vol. 46. Berlin, Heidelberg: Springer. doi:10.1007/978-3-540-75892-1_19.
   Google Scholar
• Bartke, S., and R. Schwarze. 2021. “The Economic Role and Emergence of Professional Valuers in Real Estate Markets.” Land 10 (7): 683. doi:10.3390/land10070683.
   Web of Science ®Google Scholar
• Chai, Z., Y. Yang, Y. Zhao, Y. Fu, and L. Hao. 2021. “Exploring the Effects of Contextual Factors on Residential Land Prices Using an Extended Geographically and Temporally Weighted Regression Model.” Land 10 (11): 1148. doi:10.3390/land10111148.
   Web of Science ®Google Scholar
• Chen, W., Y. Shen, Y. Wang, and Q. Wu. 2018. “How Do Industrial Land Price Variations Affect Industrial Diffusion? Evidence from a Spatial Analysis of China.” Land Use Policy 71: 384–394. doi:10.1016/j.landusepol.2017.12.018.
   Web of Science ®Google Scholar
• Chisholm, M. 1966. “Review of Location and Land Use: Toward a General Theory of Land Rent, by W. Alonso.” Economic Geography 42 (3): 277–279. doi:10.2307/142015.
   Web of Science ®Google Scholar
• Fang, L., C. Tian, X. Yin, and Y. Song. 2018. “Political Cycles and the Mix of Industrial and Residential Land Leasing.” Sustainability 10 (9): 3077. doi:10.3390/su10093077.
   Web of Science ®Google Scholar
• Garang, Z., C. Wu, G. Li, Y. Zhuo, and Z. Xu. 2021. “Spatio-Temporal Non-Stationarity and Its Influencing Factors of Commercial Land Price: A Case Study of Hangzhou, China.” Land 10 (3): 317. doi:10.3390/land10030317.
   Web of Science ®Google Scholar
• Garza, N., and C. Lizieri. 2016. “A Spatial-Temporal Assessment of the Land Value Development Tax.” Land Use Policy 50: 449–460. doi:10.1016/j.landusepol.2015.09.026.
   Web of Science ®Google Scholar
• Higano, Y. 2004. “The Spatial Economy: Cities, Regions, and International Trade.” American Journal of Agricultural Economics 86 (1): 283–285. doi:10.1111/1467-8276.t01-1-00065.
   Web of Science ®Google Scholar
• Hong, Z., Z. Yi, and C. Tiantian. 2016. “Land Remise Income and Remise Price During China’ ‘S Transitional Period from the Perspective of Fiscal Decentralization and Economic Assessment.” Land Use Policy 50: 293–300. doi:10.1016/j.landusepol.2015.10.008.
   Web of Science ®Google Scholar
• Huang, Z., and X. Du. 2021. “How Does High-Speed Rail Affect Land Value? Evidence from China.” Land Use Policy 101: 105068. doi:10.1016/j.landusepol.2020.105068.
   Web of Science ®Google Scholar
• Huang, B., B. Wu, and M. Barry. 2010. “Geographically and Temporally Weighted Regression for Modeling Spatio-Temporal Variation in House Prices.” International Journal of Geographical Information Science 24 (3): 383–401. doi:10.1080/13658810802672469.
   Web of Science ®Google Scholar
• Hunter, W. C., G. G. Kaufman, and M. Pomerleano. 2003. Asset Price Bubbles : The Implications for Monetary, Regulatory, and International Policies. cambridge massachusetts: MIT Press.
   Google Scholar
• Hu, S., S. Yang, W. Li, C. Zhang, and F. Xu. 2016. “Spatially Non-Stationary Relationships Between Urban Residential Land Price and Impact Factors in Wuhan City, China.” Applied Geography 68: 48–56. doi:10.1016/j.apgeog.2016.01.006.
   Web of Science ®Google Scholar
• Irwin, E. G., and N. E. Bockstael. 2002. “Interacting Agents, Spatial Externalities and the Evolution of Residential Land Use Patterns.” Journal of Economic Geography 2 (1): 31–54. doi:10.1093/jeg/2.1.31.
   Web of Science ®Google Scholar
• Johansen, L. 1967. “The Best Use of Economic Resources.” The Economic Journal 77 (305): 123–124. doi:10.2307/2229360.
   Web of Science ®Google Scholar
• Krause, A. L., and C. Bitter. 2012. “Spatial Econometrics, Land Values and Sustainability: Trends in Real Estate Valuation Research.” Cities 29 (S2): S19–25. doi:10.1016/j.cities.2012.06.006.
   Web of Science ®Google Scholar
• Krugman, P. 1991. “Increasing Returns and Economic Geography.” The Journal of Political Economy 99 (3): 483–499. doi:10.1086/261763.
   Web of Science ®Google Scholar
• Lekachman, R. 1962. “Review of Principles of Economics., by A. Marshall.” Political Science Quarterly 77 (2): 299–300. doi:10.2307/2145893.
   Web of Science ®Google Scholar
• Lerner, A. P. 1936. “A Note on Socialist Economics.” The Review of Economic Studies 4 (1): 72–76. doi:10.2307/2967661.
   Google Scholar
• Liu, Y., and H. Geng. 2019. “Regional Competition in China Under the Price Distortion of Construction Land: A Study Based on a Two‐regime Spatial Durbin Model.” China & World Economy 27 (4): 104–126. doi:10.1111/cwe.12288.
   Web of Science ®Google Scholar
• Li, Y., and W. Xiong. 2019. “A Spatial Panel Data Analysis of China’s Urban Land Expansion, 2004–2014.” Papers in Regional Science 98 (1): 393–407. doi:10.1111/pirs.12340.
   Web of Science ®Google Scholar
• Ndi, F. A. 2017. “Land Grabbing, Local Contestation, and the Struggle for Economic Gain: Insights from Nguti Village, South West Cameroon.” SAGE Open 7: 215824401668299. doi:10.1177/2158244016682997.
   Web of Science ®Google Scholar
• Wang, R., and J. Hou. 2021. “Land Finance, Land Attracting Investment and Housing Price Fluctuations in China.” International Review of Economics & Finance 72: 690–699. doi:10.1016/j.iref.2020.12.021.
   Web of Science ®Google Scholar
• Wang, J., M. Skidmore, Q. Wu, and S. Wang. 2020. “The Impact of a Tax Cut Reform on Land Finance Revenue: Constrained by the Binding Target of Construction Land.” Journal of Urban Affairs 1–30. doi:10.1080/07352166.2020.1803750.
   Web of Science ®Google Scholar
• Xu, A., C. H. Zhang, and M. Ruther. 2021. “Spatial Dependence and Spatial Heterogeneity in the Effects of Immigration on Home Values and Native Flight in Louisville, Kentucky.” Journal of Urban Affairs 43 (10): 1513–1535. doi:10.1080/07352166.2020.1761257.
   Web of Science ®Google Scholar
• Yang, S., S. Hu, W. Li, C. Zhang, and J. A. Torres. 2017. “Spatiotemporal Effects of Main Impact Factors on Residential Land Price in Major Cities of China.” Sustainability 9 (11): 2050. doi:10.3390/su9112050.
   Web of Science ®Google Scholar
• Yang, S., S. Hu, S. Wang, and L. Zou. 2020. “Effects of Rapid Urban Land Expansion on the Spatial Direction of Residential Land Prices: Evidence from Wuhan, China.” Habitat International 101: 102186. doi:10.1016/j.habitatint.2020.102186.
   Web of Science ®Google Scholar
• Yao, J., X. Zhang, and A. T. Murray. 2018. “Spatial Optimization for Land-Use Allocation: Accounting for Sustainability Concerns.” International Regional Science Review 41 (6): 579–600. doi:10.1177/0160017617728551.
   Web of Science ®Google Scholar
• Ye, F., and W. Wang. 2013. “Determinants of Land Finance in China: A Study Based on Provincial‐level Panel Data.” Australian Journal of Public Administration 72 (3): 293–303. doi:10.1111/1467-8500.12029.
   Web of Science ®Google Scholar
• Yu, J., R. de Jong, and L. F. Lee. 2012. “Estimation for Spatial Dynamic Panel Data with Fixed Effects: The Case of Spatial Cointegration.” Journal of Econometrics 167 (1): 16–37. doi:10.1016/j.jeconom.2011.05.014.
   Web of Science ®Google Scholar
• Zeng, C. 2019. “Spatial Spillover Effect on Land Conveyance Fee—a Multi-Scheme Investigation in Wuhan Agglomeration.” Land Use Policy 89: 104196. doi:10.1016/j.landusepol.2019.104196.
   Web of Science ®Google Scholar
• Zhang, X., B. Huang, and S. Zhu. 2019. “Spatiotemporal Influence of Urban Environment on Taxi Ridership Using Geographically and Temporally Weighted Regression.” ISPRS International Journal of Geo-Information 8 (1): 23. doi:10.3390/ijgi8010023.
   Web of Science ®Google Scholar
• Zhou, J., X. Yu, X. Jin, and N. Mao. 2021. “Government Competition, Land Supply Structure and Semi-Urbanization in China.” Land 10 (12): 1371. doi:10.3390/land10121371.
   Web of Science ®Google Scholar
• Zhou, R., Y. Zhang, and X. Gao. 2021. “The Spatial Interaction Effect of Environmental Regulation on Urban Innovation Capacity: Empirical Evidence from China.” International Journal of Environmental Research and Public Health 18 (9): 4470. doi:10.3390/ijerph18094470.
   PubMed Web of Science ®Google Scholar