Journal of Business & Economic Policy

The Interactive Influence of Urbanization, land Price and Industrial Structure Adjustment——the Empirical Analysis from China
Xu Bo, Li Zhicui, Xue Ning

Abstract
Urbanization and industrial structure adjustment is the main engine of China’s economic growth under the new normal. As a production factor, land is an important variable for both urbanization and industrial structure adjustment and can’t be neglected. There are mutual promotion and interaction relation among three variables. Making clear the complicated relations and achieving a positive interaction have theoretical research value as well as practical significance. Based on the panel date as of Chinese 31 provinces from 1998 to 2012, this pape analyses the influence mechanism among urbanization, land price and industrial structure adjustment, and applies empirical analysis with panel VAR model. The results show there are significant differences in interaction path of urbanization, land price and industrial structure among three regions of east, west and midland of China. According to conclusions, this paper provides policy proposals for regions to formulate policies about urbanization, land price and industrial structure adjustment in line with their economic characteristics and development phases.

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