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Record W3144646373 · doi:10.1111/caje.12734

Misallocation in the Chinese land market

2024· article· en· W3144646373 on OpenAlexvenueno aff
Xuan Fei, Yumin Hu, Mingzhi Xu

Bibliographic record

VenueCanadian Journal of Economics/Revue canadienne d économique · 2024
Typearticle
Languageen
FieldSocial Sciences
TopicChina's Socioeconomic Reforms and Governance
Canadian institutionsnot available
Fundersnot available
KeywordsCounterfactual thinkingEconomies of agglomerationProductivityWelfareChinaEconomicsGeneral equilibrium theoryLand useTransaction costLabour economicsNatural resource economicsEconomic geographyBusinessMarket economyMicroeconomicsMacroeconomicsGeography

Abstract

fetched live from OpenAlex

Abstract We develop a spatial equilibrium model to quantify welfare losses from land market distortions in China. In the model, heterogeneous firms in various sectors choose their locations across regions with costly trade, frictional labour migration and land market distortions. We match land transaction and firm‐level survey data to estimate land market distortions for firms. Misallocation arises when similar firms are faced with land prices that effectively prevent productive firms from establishing in large cities where they can benefit from agglomeration forces and access higher productivity. Our framework incorporating land market distortions also sheds light on the mystery of China's undersized big cities, a phenomenon noted by Au and Henderson (2006) and Chauvin et al. (2017). Our estimates suggest large negative effects of land policies on the economic welfare in China. We end with a counterfactual exercise revealing that a coordinated land and labour migration reform would generate welfare gains and reduce regional inequality.

Fetched live from OpenAlex and de-inverted. Abstracts are not stored in this database: the inverted indexes are 8.6 GB of the frame’s 9.3 GB of text, and the host has 13 GB free.

How this classification was reachedexpand

Full frame distilled prediction

Teacher imitation

Not calibrated prevalence, not ground truth. Human validation pending. Learned from the 10,348 direct Codex labels and 10,348 direct Gemma labels. Candidate is the union of thresholded teacher heads; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels or direct frontier model labels.

metaresearch head score (Codex)0.002
metaresearch head score (Gemma)0.000
Version: codex-gemma-dda1882f352aValidation status: machine_predicted_unvalidated
Candidate categoriesnone
Consensus categoriesnone
DomainCandidate signal: none · Consensus signal: none
Study designCandidate signal: Theoretical or conceptual · Consensus signal: none
GenreCandidate signal: Empirical · Consensus signal: Empirical
Teacher disagreement score0.518
Threshold uncertainty score0.671

Codex and Gemma teacher scores by category

CategoryCodexGemma
Metaresearch0.0020.000
Meta-epidemiology (narrow)0.0000.000
Meta-epidemiology (broad)0.0000.000
Bibliometrics0.0000.000
Science and technology studies0.0000.000
Scholarly communication0.0000.001
Open science0.0010.000
Research integrity0.0000.000
Insufficient payload (model declined to judge)0.0000.000

Machine scores (provisional)

The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.

Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.

Opus teacher head0.058
GPT teacher head0.215
Teacher spread0.157 · how far apart the two teachers sit on this one work
Validation statusscore_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from it

Classification

machine, unvalidated

Machine predicted; a candidate call from one teacher head, not a consensus.

The models applied no category: nothing in the taxonomy fit this work.
Study designTheoretical or conceptual
Domainnot available
GenreEmpirical

How this classification was reached, model by model and score by score, is at the end of the page under "How this classification was reached".

Quick stats

Citations4
Published2024
Admission routes1
Has abstractyes

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