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Master development, land appreciation, and government finance: Evidence from the Disney project in Shanghai
Li, Xiaotong1; Li, Ying2; Ni, Jinlan3; Yuan, Jia1
2022
Source PublicationPapers in Regional Science
ABS Journal Level3
ISSN1056-8190
Volume101Issue:4Pages:1027–1046
Abstract

Using the difference-in-differences method, this paper employs a unique government land transaction dataset at the individual level and investigates how much extra government revenue is generated by the Shanghai Disney Resort through land value appreciation in nearby areas. The results suggest that the Shanghai Disney project significantly increases the nearby land value and then increases local extra government revenue. The average annual extra growth rate was 9.81% (37.01 billion CNY) of Shanghai government revenue from 2009 to 2015 through nearby land value appreciation after the approval of the Shanghai Disney project in 2009. There also exists a heterogeneous impact of the Shanghai Disney project on different types of land value.

KeywordChina Government Revenue Land Finance Land Market Shanghai Disney Resort
DOI10.1111/pirs.12675
URLView the original
Indexed BySSCI
Language英語English
WOS Research AreaBusiness & Economics ; Environmental Sciences & Ecology ; Geography ; Public Administration
WOS SubjectEconomics ; Environmental Studies ; Geography ; Regional & Urban Planning
WOS IDWOS:000779293100001
Scopus ID2-s2.0-85127549028
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Cited Times [WOS]:0   [WOS Record]     [Related Records in WOS]
Document TypeJournal article
CollectionDEPARTMENT OF FINANCE AND BUSINESS ECONOMICS
Corresponding AuthorYuan, Jia
Affiliation1.University of Macau, Macao
2.Macau University of Science and Technology, Macao
3.University of Washington, Tacoma, United States
First Author AffilicationUniversity of Macau
Corresponding Author AffilicationUniversity of Macau
Recommended Citation
GB/T 7714
Li, Xiaotong,Li, Ying,Ni, Jinlan,et al. Master development, land appreciation, and government finance: Evidence from the Disney project in Shanghai[J]. Papers in Regional Science,2022,101(4):1027–1046.
APA Li, Xiaotong,Li, Ying,Ni, Jinlan,&Yuan, Jia.(2022).Master development, land appreciation, and government finance: Evidence from the Disney project in Shanghai.Papers in Regional Science,101(4),1027–1046.
MLA Li, Xiaotong,et al."Master development, land appreciation, and government finance: Evidence from the Disney project in Shanghai".Papers in Regional Science 101.4(2022):1027–1046.
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