Transformation for feature upgrades or higher property prices: Evidence from industrial land regeneration in Shanghai

Yang, Fan and Tao, Peihong and Cai, Xiao and Wang, Jiayin (2022) Transformation for feature upgrades or higher property prices: Evidence from industrial land regeneration in Shanghai. Sustainability, 14 (9). ISSN 2071-1050, DOI

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In recent years, an increasing amount of industrial land has been left idle in China. This gave rise to a wide range of urban issues hindering sustainable urban development. To solve this problem, industrial land transformation has been promoted. However, factors affecting industrial land transformation have not been adequately explored. To fill this gap, this study employs the bivariate K-function to analyze the spatial association between agglomeration patterns of industrial land parcels and living quarters. Moreover, a series of discrete choice models (i.e., the LOGIT, PROBIT, and IVPROBIT model) are adopted to examine empirically complicated relationships between industrial land transformation and its influencing factors. This study argues that the land price and its rising expectations are major determinants of industrial land transformation. The results revealed that transformation-oriented industrial land tended to be located next to accessible living quarters with higher prices. A higher-level industrial park typically had less possibilities for industrial land transformation. The findings also indicated that production efficiency served as a moderator variable to regulate the transformation process. Implications are formulated for policymakers to guide industrial land transformation in an appropriate manner.

Item Type: Article
Funders: National Natural Science Foundation of China (NSFC) [Grant No: 51778436]
Uncontrolled Keywords: Industrial land use change; Land prices; K-function; econometrics; Urban regeneration; Shanghai
Subjects: G Geography. Anthropology. Recreation > GE Environmental Sciences
Divisions: Faculty of the Built Environment > Department of Urban & Regional Planning
Depositing User: Ms. Juhaida Abd Rahim
Date Deposited: 13 Oct 2023 01:44
Last Modified: 13 Oct 2023 01:44

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