eprintid: 10194092 rev_number: 13 eprint_status: archive userid: 699 dir: disk0/10/19/40/92 datestamp: 2024-07-03 08:28:14 lastmod: 2024-11-28 16:51:15 status_changed: 2024-07-03 08:28:14 type: article metadata_visibility: show sword_depositor: 699 creators_name: Feng, Yi creators_name: Wu, Fulong creators_name: Zhang, Fangzhu title: New land reserve institution and changing entrepreneurial urban governance in China ispublished: pub divisions: UCL divisions: B04 divisions: C04 divisions: F39 keywords: Land finance, urban governance, entrepreneurialism, land reserve institution note: © 2024 The Authors. Published by Elsevier Ltd. This is an open access article under the CC BY license (http://creativecommons.org/licenses/by/4.0/). abstract: Existing studies suggest that land financing has given rise to entrepreneurial governance in China because local governments act like entrepreneurs to capture land value appreciation. However, the new land reserve institution has recently forbidden local governments from using land as collateral and centralized the financial management of land reserve projects. Given this profound change in land institutions, we ask whether local governments have become less entrepreneurial. This paper investigates the Shanghai Land Reserve Centre. The funding restriction and declining land profitability make it more challenging to generate land revenue. However, the local government is now adapting to the new land reserve institution, developing new entrepreneurial tactics, and treating land investment as a recurrent income stream. Facing the conjuncture of alarming local government debts, re-centralizing state control, and structural limits of land finance, local governments’ entrepreneurial stance is not eliminated, but their entrepreneurial practices are reshaped. Theoretically, this paper contributes to understanding how urban entrepreneurialism evolves in response to changing political and economic conjunctures. date: 2024-09 date_type: published publisher: Elsevier official_url: https://doi.org/10.1016/j.cities.2024.105242 oa_status: green full_text_type: pub language: eng primo: open primo_central: open_green verified: verified_manual elements_id: 2291530 doi: 10.1016/j.cities.2024.105242 lyricists_name: Feng, Yi lyricists_id: YFENA48 actors_name: Feng, Yi actors_id: YFENA48 actors_role: owner full_text_status: public publication: Cities volume: 152 article_number: 105242 issn: 0264-2751 citation: Feng, Yi; Wu, Fulong; Zhang, Fangzhu; (2024) New land reserve institution and changing entrepreneurial urban governance in China. Cities , 152 , Article 105242. 10.1016/j.cities.2024.105242 <https://doi.org/10.1016/j.cities.2024.105242>. Green open access document_url: https://discovery.ucl.ac.uk/id/eprint/10194092/1/Feng_1-s2.0-S0264275124004566-main.pdf