[摘要] We investigate a land policy in China that allocated more urban land quotas to underdeveloped regions to reduce regional gaps. Empirically, the policy decreased productivity in eastern areas relative to the inland. A spatial equilibrium model with migration, land quota constraints, and agglomeration shows the policy distorts labor and production across regions, causing substantialoutput losses.
[摘要] 据JME官网显示,来自香港科技大学商学院的邱哲圣、北京大学汇丰商学院的汪意成、上海交通大学安泰经管学院的徐玏、牛津大学的Francesco Zanetti,合作撰写的论文“ Monetary policy in open economies with production networks ”在国际货币经济学顶刊《Journal of Monetary Economics》线上正式发表。