Li, Huizhong; Yin, Feng; Li, Jialun - In: China & World Economy 16 (2008) 6, pp. 46-62
Since 2003, the Chinese Government has been using land policy as an important macroeconomic policy. The present paper analyzes the impact of the expansion of construction land on economic growth in terms of the capital-output ratio. Using provincial panel data for China from 1999 to 2005, we...