Power pyramid, hidden debt, and China’s urban expansion
Abstract
Chinese urban spatial expansion leads to inefficient use of land resources. This study uses the data of 289 cities from 2007 to 2018 and uses panel data models to test the driving mechanism of urban expansion. The study derives three conclusions. First, there is a significant positive correlation between urban power hierarchy and urban spatial expansion. If the urban administrative power hierarchy is high, then the urban built-up area increases more. Second, there is a significant positive correlation between the scale of hidden debt and the expansion of urban space. The increase of the urban investment bonds’ scale will promote the expansion of urban built-up areas. Third, there is a significant positive correlation between the quantity of bond issuers and urban spatial expansion.
First published online 04 January 2023
Keyword : spatial expansion, power hierarchy, hidden debt, financing platform, China
How to Cite
Zhang, J., Li, L., Zhang, D., Han, R., Zhou, J., & Zhang, L. (2022). Power pyramid, hidden debt, and China’s urban expansion. International Journal of Strategic Property Management, 26(6), 424–438. https://doi.org/10.3846/ijspm.2022.18155
This work is licensed under a Creative Commons Attribution 4.0 International License.
References
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Ji, Y., Fu, W., & Yang, Y. (2019). Land financing, unbalanced urbanization and the risk of local government debt. Statistical Research, 36(7), 91–103 (in Chinese).
Jia, J., Liang, X., & Ma, G. (2021). Political hierarchy and regional economic development: evidence from a spatial discontinuity in China. Journal of Public Economics, 194, 104352. https://doi.org/10.1016/j.jpubeco.2020.104352
Jia, M., Liu, Y., Lieske, S. N., & Chen, T. (2020). Public policy change and its impact on urban expansion: an evaluation of 265 cities in China. Land Use Policy, 97, 104754. https://doi.org/10.1016/j.landusepol.2020.104754
Li, G., Sun, S., & Fang, C. (2018). The varying driving forces of urban expansion in China: insights from a spatial-temporal analysis. Landscape and Urban Planning, 174, 63–77. https://doi.org/10.1016/j.landurbplan.2018.03.004
Li, H., Wei, Y. D., Liao, F. H., & Huang, Z. (2015). Administrative hierarchy and urban land expansion in transitional China. Applied Geography, 56, 177–186. https://doi.org/10.1016/j.apgeog.2014.11.029
Li, X., Zhou, W., & Ouyang, Z. (2013). Forty years of urban expansion in Beijing: what is the relative importance of physical, socioeconomic, and neighborhood factors? Applied Geography, 38, 1–10. https://doi.org/10.1016/j.apgeog.2012.11.004
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Luan, X., & Li, Z. (2022). Financialization in the making of the new Wuhan. Land Use Policy, 112, 104602. https://doi.org/10.1016/j.landusepol.2020.104602
Luo, J., Zhang, X., Wu, Y., Shen, J., Shen, L., & Xing, X. (2018). Urban land expansion and the floating population in China: for production or for living? Cities, 74, 219–228. https://doi.org/10.1016/j.cities.2017.12.007
Ma, J. (2013). Hidden fiscal risks in local China. Australian Journal of Public Administration, 72(3), 278–292. https://doi.org/10.1111/1467-8500.12028
Ma, L. J. (2005). Urban administrative restructuring, changing scale relations and local economic development in China. Political Geography, 24(4), 477–497. https://doi.org/10.1016/j.polgeo.2004.10.005
Milan, B. F., & Creutzig, F. (2016). Municipal policies accelerated urban sprawl and public debts in Spain. Land Use Policy, 54, 103–115. https://doi.org/10.1016/j.landusepol.2016.01.009
Mills, E. S. (1967). An aggregative model of resource allocation in a metropolitan area. The American Economic Review, 57(2), 197–210.
Ministry of Housing and Urban-Rural Development of the People’s Republic of China. (2018). China urban construction statistical yearbooks (2007–2018). https://www.mohurd.gov.cn/gongkai/fdzdgknr/sjfb/tjxx/jstjnj/index.html
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Schneider, A., & Mertes, C. M. (2014). Expansion and growth in Chinese cities, 1978–2010. Environmental Research Letters, 9(2), 024008. https://doi.org/10.1088/1748-9326/9/2/024008
Scott, A. J., & Storper, M. (2015). The nature of cities: the scope and limits of urban theory. International Journal of Urban and Regional Research, 39(1), 1–15. https://doi.org/10.1111/1468-2427.12134
Shu, C., Xie, H., Jiang, J., & Chen, Q. (2018). Is urban land development driven by economic development or fiscal revenue stimuli in China? Land Use Policy, 77, 107–115. https://doi.org/10.1016/j.landusepol.2018.05.031
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