ABSTRACT: China began to introduce market principles and establish price mechanism to better manage land and improve land use efficiency in the late 1980s. Since then, land markets begin to emerge. A benchmark land pr...ABSTRACT: China began to introduce market principles and establish price mechanism to better manage land and improve land use efficiency in the late 1980s. Since then, land markets begin to emerge. A benchmark land price system, providing guidelines for land use rights selling and transferring, was established in order to overcome lack of market data and experiences in land transaction. The benchmark prices of land use rights are determined by land use, land use density (floor-land ratio), land grades, land improvement, and tenant resettlement costs. This paper first conducts a formal analysis based on modern urban economic theory. The formal model provides a theoretical foundation in which the benchmark land price system is assessed and evaluated in terms of land use and urban development. The paper then concludes that the benchmark price system has two theoretical problems. One is associated with the fact that floor-land ratio plays an important role in land price determination whereas the theory suggests the other way around. That is, floor-land ratio depends on land prices. The other problem is that the benchmark land price system does not provide adequate room for the substitution between land and capital inputs. The substitution is a key in achieving land use efficiency in land markets and urban development process. It is concluded that the practice of the benchmark land price system is at odd with reforms that aim to introduce market principles and mechanism to guide resource uses. Therefore, it is recommended that further land policy reform should be taken.展开更多
The research attempts to find out how the location of the CBD(central business district), the dis- tance to the main roads, the distribution of the public facilities, and the urban land-use pattern influence the urban...The research attempts to find out how the location of the CBD(central business district), the dis- tance to the main roads, the distribution of the public facilities, and the urban land-use pattern influence the urban residential land value variations. The study begins by identifying the influences into two categories: general circumstance and micro/neighboring circumstances. Benchmark price and market land value are tested to be the results influenced by general circumstance and both the influential range and the influential force of individual land-use are investigated and compared. At last explicit case comparisons are also taken for testing the result. The finding of the research is not only useful for understanding the spatial patterns of land values, but also beneficial for the policy-makers concerning land administration and urban planning.展开更多
According to the viewpoints of predecessors, we define the signification of development right of agricultural land and connotation of the price of development right of agricultural land as follows: the development rig...According to the viewpoints of predecessors, we define the signification of development right of agricultural land and connotation of the price of development right of agricultural land as follows: the development right of agricultural land is to change the former use nature of agricultural land, so as to become the right of construction use land; the price of development right of agricultural land refers to the price that is difference between the price of construction use land, and summation of the price of former agricultural land, the expense of developing agricultural land, the expense of management, and profit, after the agricultural land is transformed into non-agricultural construction use land. By using the principle of economics of land, this paper expounds the generation mechanism of the price of development right of agricultural land, namely the diversity of agricultural land use and the change of demand and supply of development right of agricultural land. The influencing factors of the development right of agricultural land are analyzed, and there are mainly the price of agricultural land, the price of construction use land, the contradiction of demand and supply of urban land, land use, and agricultural land.展开更多
This study focuses on spatial autocorrelation and the spatial distribution of urban land prices from a regional perspective.Taking Hubei province,China,as a case study area,spatial autocorrelation degree,spatial autoc...This study focuses on spatial autocorrelation and the spatial distribution of urban land prices from a regional perspective.Taking Hubei province,China,as a case study area,spatial autocorrelation degree,spatial autocorrelation pattern,and the mechanism of its formation were discussed.The study employs Moran’s I,local Moran’s I,and Moran’s I correlogram to analyze spatial autocorrelation degree and its change along with contiguity order.Some local clustering hot spots are found.This paper uses semi-variance statistic for land price based on route distance to find the spatial autocorrelation scale.We also adopt spatial clustering based on a kind of composite distance to probe into the clustering characteristic of land prices.By Moran’s I and Moran’s I correlogram,we find that datum price of the cities in Hubei province has faint spatial autocorrelation degree at the first and the second-order contiguity.Spatial variance hints that the scale of the autocorrelation is about 200 km in route distance.Spatial clustering result indicates that the spatial distribution of city land price is a kind of hierarchy structure similar to administrative regions.From principal factors analysis and stepwise linear regression,we find that the value added of city secondary and tertiary industry and the urban population are two of the most influential factors to urban datum land price.The value added of city secondary and tertiary industry has higher spatial autocorrelation than urban datum land price and has a bigger autocorrelation scale.But urban population has little spatial autocorrelation.It can be inferred that the spatial autocorrelation of urban land price is mainly caused by economic spatial autocorrelation.But its spatial autocorrelation degree is lower than economic factors because urban datum land price is also influenced by other special local factors,such as population,city infrastructure,land supply,etc.展开更多
文摘ABSTRACT: China began to introduce market principles and establish price mechanism to better manage land and improve land use efficiency in the late 1980s. Since then, land markets begin to emerge. A benchmark land price system, providing guidelines for land use rights selling and transferring, was established in order to overcome lack of market data and experiences in land transaction. The benchmark prices of land use rights are determined by land use, land use density (floor-land ratio), land grades, land improvement, and tenant resettlement costs. This paper first conducts a formal analysis based on modern urban economic theory. The formal model provides a theoretical foundation in which the benchmark land price system is assessed and evaluated in terms of land use and urban development. The paper then concludes that the benchmark price system has two theoretical problems. One is associated with the fact that floor-land ratio plays an important role in land price determination whereas the theory suggests the other way around. That is, floor-land ratio depends on land prices. The other problem is that the benchmark land price system does not provide adequate room for the substitution between land and capital inputs. The substitution is a key in achieving land use efficiency in land markets and urban development process. It is concluded that the practice of the benchmark land price system is at odd with reforms that aim to introduce market principles and mechanism to guide resource uses. Therefore, it is recommended that further land policy reform should be taken.
文摘The research attempts to find out how the location of the CBD(central business district), the dis- tance to the main roads, the distribution of the public facilities, and the urban land-use pattern influence the urban residential land value variations. The study begins by identifying the influences into two categories: general circumstance and micro/neighboring circumstances. Benchmark price and market land value are tested to be the results influenced by general circumstance and both the influential range and the influential force of individual land-use are investigated and compared. At last explicit case comparisons are also taken for testing the result. The finding of the research is not only useful for understanding the spatial patterns of land values, but also beneficial for the policy-makers concerning land administration and urban planning.
文摘According to the viewpoints of predecessors, we define the signification of development right of agricultural land and connotation of the price of development right of agricultural land as follows: the development right of agricultural land is to change the former use nature of agricultural land, so as to become the right of construction use land; the price of development right of agricultural land refers to the price that is difference between the price of construction use land, and summation of the price of former agricultural land, the expense of developing agricultural land, the expense of management, and profit, after the agricultural land is transformed into non-agricultural construction use land. By using the principle of economics of land, this paper expounds the generation mechanism of the price of development right of agricultural land, namely the diversity of agricultural land use and the change of demand and supply of development right of agricultural land. The influencing factors of the development right of agricultural land are analyzed, and there are mainly the price of agricultural land, the price of construction use land, the contradiction of demand and supply of urban land, land use, and agricultural land.
基金This research was funded by the National Natural Science Foundation of China(Nos.41171312 and 40901188).
文摘This study focuses on spatial autocorrelation and the spatial distribution of urban land prices from a regional perspective.Taking Hubei province,China,as a case study area,spatial autocorrelation degree,spatial autocorrelation pattern,and the mechanism of its formation were discussed.The study employs Moran’s I,local Moran’s I,and Moran’s I correlogram to analyze spatial autocorrelation degree and its change along with contiguity order.Some local clustering hot spots are found.This paper uses semi-variance statistic for land price based on route distance to find the spatial autocorrelation scale.We also adopt spatial clustering based on a kind of composite distance to probe into the clustering characteristic of land prices.By Moran’s I and Moran’s I correlogram,we find that datum price of the cities in Hubei province has faint spatial autocorrelation degree at the first and the second-order contiguity.Spatial variance hints that the scale of the autocorrelation is about 200 km in route distance.Spatial clustering result indicates that the spatial distribution of city land price is a kind of hierarchy structure similar to administrative regions.From principal factors analysis and stepwise linear regression,we find that the value added of city secondary and tertiary industry and the urban population are two of the most influential factors to urban datum land price.The value added of city secondary and tertiary industry has higher spatial autocorrelation than urban datum land price and has a bigger autocorrelation scale.But urban population has little spatial autocorrelation.It can be inferred that the spatial autocorrelation of urban land price is mainly caused by economic spatial autocorrelation.But its spatial autocorrelation degree is lower than economic factors because urban datum land price is also influenced by other special local factors,such as population,city infrastructure,land supply,etc.
