GOVERNMENT INTERVENTION, LAND MARKET, AND URBAN DEVELOPMENT: EVIDENCE FROM CHINESE CITIES
利用2000-2010年中国地级市数据，研究发现政府干预通过控制住宅用地供应放大了正向生产率冲击对房价上涨的影响，但未显著抑制人口增长或导致工资上升，这与中国农民工驱动城市化但住房需求有限且薪酬不高的现实一致。
This article investigates how government intervention in land market affects China's urban development, using data from prefecture‐level cities between 2000 and 2010. We find that government intervention enlarges the impact of positive productivity shocks on housing price appreciation, through mainly the government control over residential land supply. However, we find no significant evidence that high government intervention constrains population growth and leads to wage increase. Such patterns of urban dynamics can be explained by the fact that migrant workers are the driving force behind China's urbanization, but they have limited housing demand and are not well compensated.