Education:

Ph.D. 2015, Environmental and Resource Economics, Yale F&ES
M.E.Sc. 2009, Environmental Economics (concentration), Yale F&ES
BA 2004, Summa Cum Laude, University of California, Davis

Fields: energy and environmental economics, urban economics, development economics

Research Interests: urbanization, energy policy, climate change policy, satellite remote sensing

Job Market Paper

[1] Suburbs or Skyscrapers? The effect of China’s land leasing market on housing decentralization (Job Market Paper)

Over the past 30 years, China’s process of rapid urban growth has been heavily influenced by government intervention. A key policy instrument to emerge during this period has been the urban land leasing system, which was introduced as a vehicle for generating municipal revenues through the up-front sale of land use rights to private developers. By providing a mechanism for rapid infrastructure investment through the development of agricultural land, the leasing policy created the potential for substantial shifts in urban form across China. This paper examines the impact of the leasing market on housing decentralization during the period 1990-2000, making use of exogenous variation that arises from an pilot phase in the implementation of the policy. I address potential bias in the selection of treated cities with a semi-parametric difference-in-differences estimator. I find that the land leasing policy had a substantial impact on decentralization in cities that received early exposure through the pilot, resulting in a 19.1% decline in housing constructed in urban core areas and a simultaneous 26.2% increase in housing constructed in peripheral urban zones.


References

Karen Seto
Professor, F&ES
Yale University
195 Prospect Street
New Haven, CT, 06511
karen.seto@yale.edu
Tel: 203 432-9784
Robert Mendelsohn
Professor
F&ES/Economics/SOM
Yale University
195 Prospect Street
New Haven, CT, 06511
robert.mendelsohn@yale.edu
Tel: 203 432-5128
Kenneth Gillingham
Assistant Professor
F&ES/Economics/SOM
Yale University
195 Prospect Street
New Haven, CT, 06511
kenneth.gillingham@yale.edu
Tel: 203 436-5465
William Nordhaus
Professor, Economics
Yale University
28 Hillhouse Avenue
New Haven, CT 06511
william.nordhaus@yale.edu
Tel: 203-432-3598

 

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