Over the past two decades, China's infrastructure development has been extraordinary in the sense that it far exceeds GDP growth rate and unconventional in the sense that it cannot be explained with existing theor...Over the past two decades, China's infrastructure development has been extraordinary in the sense that it far exceeds GDP growth rate and unconventional in the sense that it cannot be explained with existing theories on infrastructure development.This paper found that the transformation of China's land system is an important clue:China's extraordinary infrastructure development is a result that can be explained with the transformation of its land system. Theoretically, this paper proves that with other conditions held constant, the difference of land systems has a significant effect on the optimal infrastructure supply of regions. Empirically, it can be found through the test of cross-country panel data that the transformation of China's land system around the 1990 s indeed exerted an overall impact on China's extraordinary infrastructure development. This paper implies that China's "land-supported infrastructure development" model has been pivotal to its extraordinary infrastructure development. Under the Belt and Road Initiative,China's experience of land-supported infrastructure development is of broad significance for developing countries to boost their infrastructure development.展开更多
文摘Over the past two decades, China's infrastructure development has been extraordinary in the sense that it far exceeds GDP growth rate and unconventional in the sense that it cannot be explained with existing theories on infrastructure development.This paper found that the transformation of China's land system is an important clue:China's extraordinary infrastructure development is a result that can be explained with the transformation of its land system. Theoretically, this paper proves that with other conditions held constant, the difference of land systems has a significant effect on the optimal infrastructure supply of regions. Empirically, it can be found through the test of cross-country panel data that the transformation of China's land system around the 1990 s indeed exerted an overall impact on China's extraordinary infrastructure development. This paper implies that China's "land-supported infrastructure development" model has been pivotal to its extraordinary infrastructure development. Under the Belt and Road Initiative,China's experience of land-supported infrastructure development is of broad significance for developing countries to boost their infrastructure development.
