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<https://discovery.ucl.ac.uk/id/eprint/10194092> <http://purl.org/dc/terms/title> "New land reserve institution and changing entrepreneurial urban governance in China"^^<http://www.w3.org/2001/XMLSchema#string> .
<https://discovery.ucl.ac.uk/id/eprint/10194092> <http://purl.org/ontology/bibo/abstract> "Existing studies suggest that land financing has given rise to entrepreneurial\r\ngovernance in China because local governments act like entrepreneurs to capture land value\r\nappreciation. However, the new land reserve institution has recently forbidden local\r\ngovernments from using land as collateral and centralized the financial management of land\r\nreserve projects. Given this profound change in land institutions, we ask whether local\r\ngovernments have become less entrepreneurial. This paper investigates the Shanghai Land\r\nReserve Centre. The funding restriction and declining land profitability make it more\r\nchallenging to generate land revenue. However, the local government is now adapting to the\r\nnew land reserve institution, developing new entrepreneurial tactics, and treating land\r\ninvestment as a recurrent income stream. Facing the conjuncture of alarming local government\r\ndebts, re-centralizing state control, and structural limits of land finance, local governments’\r\nentrepreneurial stance is not eliminated, but their entrepreneurial practices are reshaped.\r\nTheoretically, this paper contributes to understanding how urban entrepreneurialism evolves\r\nin response to changing political and economic conjunctures."^^<http://www.w3.org/2001/XMLSchema#string> .
<https://discovery.ucl.ac.uk/id/eprint/10194092> <http://purl.org/dc/terms/date> "2024-09" .
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