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Pro-Manufacturing Land Policies ofCompetingLocal Governments: A Ouantitative Analysis ofChina Publish information Ming Lu,Yuta Suzuki,Xican Xi,Le Xu,Yuejun Zhong,2024,"Pro-Manufacturing Land Policies of Competing Local Governments: A Quantitative Analysis of China", https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4967319 Abstract We document that local governments in China offer land with substantial discounts for manufacturing relative to services or housing. To explore the rationale and welfare implications, we develop a multi-sector quantitative spatial equilibrium model where local governments allocate land across sectors and segment the land markets to non-cooperatively maximize their local objectives. The model closely replicates the observed land discounts and their variations across regions when local governments aim to maximize local manufacturing output, though welfare is significantly lower than under a unifed land market without segmentation. When maximizing local welf
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