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Impact of Property Rights Reform to Support China's Rural-Urban Integration : Village-Level Evidence from the Chengdu National Experiment. / Deininger, Klaus.
World Bank Open Knowledge Repository (formerly "World Bank E-Library Publications") Available online
View online- Format:
- Book
- Government document
- Author/Creator:
- Deininger, Klaus
- Series:
- Policy research working papers.
- World Bank e-Library.
- Language:
- English
- Subjects (All):
- Communities & human settlements.
- Financial development.
- Land & real estate development.
- Land use change.
- Municipal housing and land.
- National urban development policies & strategies.
- Private sector development.
- Urban development.
- Urban housing.
- Urban housing and land settlements.
- Local Subjects:
- Communities & human settlements.
- Financial development.
- Land & real estate development.
- Land use change.
- Municipal housing and land.
- National urban development policies & strategies.
- Private sector development.
- Urban development.
- Urban housing.
- Urban housing and land settlements.
- Physical Description:
- 1 online resource (26 pages)
- Other Title:
- Impact of Property Rights Reform to Support China's Rural-Urban Integration
- Place of Publication:
- Washington, D.C. : The World Bank, 2015.
- System Details:
- data file
- Summary:
- As part of a national experiment, in 2008 Chengdu prefecture implemented ambitious property rights reforms, including complete registration of all land together with measures to ease transferability and eliminate labor market restrictions. This study uses a discontinuity design with spatial fixed effects to compare 529 villages just inside and outside the prefecture's border. The results suggest that the reforms increased tenure security, aligned land use closer to economic incentives, mainly through market transfers, and led to an increase in enterprise start-ups. These impacts, most of which are more pronounced for villages with lower travel time to Chengdu city, point toward high potential gains from factor market reform.
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