Economics literature has long overlooked an important economic phenomenon:Residents in large cities tend to save a smaller percentage of their disposable income than their peers in small and medium-sized cities.As an ...Economics literature has long overlooked an important economic phenomenon:Residents in large cities tend to save a smaller percentage of their disposable income than their peers in small and medium-sized cities.As an explanation for this phenomenon,this paper puts forth the hypothesis that:Residents in large cities purchase more services to increase their leisure time,which is reduced by longer commuting time than in small and medium-sized cities,thus lowering their household savings rate.We conducted an empirical study using panel data of China’s prefecture-level cities and urban household survey data,and employed an instrumental variable to address the endogeneity problem.The result confirmed the accuracy of the above hypothesis.In identifying the economic phenomenon and putting forth the hypothesis,this paper(i)creates a theoretical link between city size and household savings rate,which helps unravel the determinants of the urban household savings rate;(2)provides important implications for China’s policy-making on domestic consumption,urban populations,and industrial development.Priority should be given to developing large and medium-sized cities given the positive effects on domestic consumption and service sector development,and migrant labor shall not be barred from entering large and medium-sized cities to provide services to local residents.展开更多
In the initial period of industrialization a great deal of land is needed for Chinese industry development as well as land resource per person of China is much lower than the average value in the world, thus it is nec...In the initial period of industrialization a great deal of land is needed for Chinese industry development as well as land resource per person of China is much lower than the average value in the world, thus it is necessary to save land in Chinese urban constrUction. This paper mainly discussed the features of urban land use in economic developed coastal cities: one is that the index of urban land per person in middle-small cities was higher than in large cities; another is that urban land has not been used highly and strongly; the third is that the industrial land occupied an irrationally large percentage of whole urban land; the final is that rural enterprises took up a quantity of land. Thereafter, this paper put forward five land-saving measures: first, to adopt the idea of saving land; next, to adjust the land-use structure when redeveloping the old city and alternate some land use when adjusting the industry structure of the city; the third, to develop the system of payment for using land and the management of urban planning; finally to enhance the effective regional plan and the urban landuse plan.展开更多
Exploiting the potentials of urban stock land and its intensive use have been widespread concerned, however the practical solutions are few,especially in the view of engineering.Basing on synthesizing and analysis of ...Exploiting the potentials of urban stock land and its intensive use have been widespread concerned, however the practical solutions are few,especially in the view of engineering.Basing on synthesizing and analysis of the traditional models,this paper introduces the concept of urban renewal pattern for land saving.A double-layer city model was proposed, following with calculation of land saving of展开更多
基金This paper is a result of the major program of the Key Research Base for Humanities and Social Sciences of the Ministry of Education“Structural Transition,Urban Development and China’s Economic Growth”(Grant No.17JJD790005)sponsorships from the National Natural Science Foundation of China(NSFC)(Grant No.71841008,71833003,71863001)the Peak Program for Theoretical Economics at Fudan University。
文摘Economics literature has long overlooked an important economic phenomenon:Residents in large cities tend to save a smaller percentage of their disposable income than their peers in small and medium-sized cities.As an explanation for this phenomenon,this paper puts forth the hypothesis that:Residents in large cities purchase more services to increase their leisure time,which is reduced by longer commuting time than in small and medium-sized cities,thus lowering their household savings rate.We conducted an empirical study using panel data of China’s prefecture-level cities and urban household survey data,and employed an instrumental variable to address the endogeneity problem.The result confirmed the accuracy of the above hypothesis.In identifying the economic phenomenon and putting forth the hypothesis,this paper(i)creates a theoretical link between city size and household savings rate,which helps unravel the determinants of the urban household savings rate;(2)provides important implications for China’s policy-making on domestic consumption,urban populations,and industrial development.Priority should be given to developing large and medium-sized cities given the positive effects on domestic consumption and service sector development,and migrant labor shall not be barred from entering large and medium-sized cities to provide services to local residents.
文摘In the initial period of industrialization a great deal of land is needed for Chinese industry development as well as land resource per person of China is much lower than the average value in the world, thus it is necessary to save land in Chinese urban constrUction. This paper mainly discussed the features of urban land use in economic developed coastal cities: one is that the index of urban land per person in middle-small cities was higher than in large cities; another is that urban land has not been used highly and strongly; the third is that the industrial land occupied an irrationally large percentage of whole urban land; the final is that rural enterprises took up a quantity of land. Thereafter, this paper put forward five land-saving measures: first, to adopt the idea of saving land; next, to adjust the land-use structure when redeveloping the old city and alternate some land use when adjusting the industry structure of the city; the third, to develop the system of payment for using land and the management of urban planning; finally to enhance the effective regional plan and the urban landuse plan.
文摘Exploiting the potentials of urban stock land and its intensive use have been widespread concerned, however the practical solutions are few,especially in the view of engineering.Basing on synthesizing and analysis of the traditional models,this paper introduces the concept of urban renewal pattern for land saving.A double-layer city model was proposed, following with calculation of land saving of
