A CONSOLIDATED MODEL OF MONOCENTRIC CITIES AND AN EMPIRICAL ANALYSIS OF URBAN SCALES AND LAND PRICES IN CHINESE CITIES* |
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| Authors: | Ming He Shanzi Ke Yan Song |
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| Institution: | 1. School of Economics and Trade, Hunan University, Changsha, Hunan Province 410079, P. R. China. E‐mail: ming.he.econ@gmail.com;2. School of Economics and Trade, Hunan University, Changsha, Hunan Province 410079, P. R. China. E‐mail: shanzike@hotmail.com;3. Department of City and Regional Planning, University of North Carolina at Chapel Hill, Campus Box 3140, Chapel Hill, NC 27599‐3140. E‐mail: ys@email.unc.edu |
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| Abstract: | ABSTRACT Motivated by the newly established Chinese urban land markets, we develop a theoretical model that unifies the “closed” and “open” features of the classical monocentric city model. The model features interactions between permanent urban residents and migrants and exhibits a distinctive equilibrium pattern. The theoretical model is tested empirically, using recent Chinese city‐level data. The empirical findings indicate that market forces now play an important role in urban expansion and land price formation, while various forms of government planning are still influential. Our results show that migrants exert a less pronounced impact than the classical “open” city model has suggested. |
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