Abstract:
Objective/Meaning Nowadays, the dual system of urban and rural land system restricts the free trade of construction land indicators and hinders the optimal allocation of economic elements of indicators. Based on the empirical study of the land ticket policy in Chongqing, the application of its experience in the central Yangtze Delta region was discussed, which could provide suggestions for the urban-rural integration development and the regional economic growth in the central Yangtze Delta region.
Methods/Procedures By taking the land ticket transaction data and the related economic data of 38 districts and counties in Chongqing from 2008 to 2020 as the samples, the multiple regression model was constructed. Then, the dynamic GMM model was selected to solve the robustness problem caused by mutual causality, and the effect of the land ticket policy in Chongqing on the economic growth of Chongqing was demonstrated. By taking Hubei, Hunan and Jiangxi in the central Yangtze Delta region as the three experimental provinces, the necessity of implementing the free trade of construction land indicators in the three provinces was analyzed based on the data from 2012 to 2018.
Results/Conclusions The results showed that the land ticket transaction behavior in Chongqing was positively correlated with the real GDP and per capita real GDP in Chongqing, and it was significant at the confidence level of 5% and 1%, respectively. Due to the different levels of internal economic development and great differences in the land resource endowment, the central Yangtze Delta region could learn from the land ticket policy in Chongqing and obtain more economic effects through the current transaction of construction land indicators. Accordingly, through the risk analysis, some countermeasures were put forward including setting the reasonable upper and lower limits of index trading volume, developing the characteristic agricultural industries in the central Yangtze Delta region, promoting the reform of household registration system and the equalization of basic public services.