Polycentric development under public leasehold : A spatial analysis of commercial land use rights

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Original languageEnglish
Pages (from-to)25-36
Journal / PublicationRegional Science and Urban Economics
Online published14 May 2018
Publication statusPublished - Jul 2018


This study inspects the urban spatial structure of growing megacities on a polycentric or edgeless development pathway under public leasehold systems using transaction data on commercial land use rights within the Shanghai metropolitan area for 2004–2016. Both zone-level supply and parcel-level demand equations are estimated to address whether the spatial distribution and price formation of commercial land use rights are associated with: (1) existing district centers and/or new employment subcenters; (2) highway and/or metro extensions; and (3) two suburban airports. Three sets of empirical findings describe how the transfers of commercial land use rights from local governments to property developers significantly predetermine the long-term trajectory of polycentric or edgeless development in emerging economies under public leasehold systems.

Research Area(s)

  • Employment subcenter, Land use rights, Polycentric development, Public leasehold, Urban spatial structure