主讲人：Yuta Suzuki （上海交通大学）

题目：Pro-Manufacturing Land Policies of Competing Local Governments: A Quantitative Analysis of China

主持人：余昌华（北京大学国家发展研究院）

时间：2024年10月24日（周四）上午10:00-11:30（北京时间）

地点：429教室

摘要：

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 unified land market without segmentation. When maximizing local welfare, manufacturing land discounts are smaller but still present. These pro-manufacturing policies are largely rationalized by stronger input-output linkages in manufacturing than in services, with comparative advantage and trade costs influencing their effectiveness. Welfare levels under these policies exceed those in the unified land market and approach cooperative policy outcomes.

主讲人介绍：

Yuta Suzuki is an Assistant Professor at Shanghai Jiao Tong University. His research focuses on international trade and spatial economics, particularly their interactions with policy and demography, using quantitative analysis. He received his Ph.D. in economics from Pennsylvania State University in 2022.