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Are Princelings Truly Busted? Evaluating Transaction Discounts in China's Land Market

Julia Manso

arXiv 11 Feb 2025 · General Economics

arXiv:2502.07692 · PDF · Extracted main text

Abstract

This paper narrowly replicates Chen and Kung's 2019 paper ($The$ $Quarterly$ $Journal$ $of$ $Economics$ 134(1): 185-226). Inspecting the data reveals that nearly one-third of the transactions (388,903 out of 1,208,621) are perfect duplicates of other rows, excluding the transaction number. Replicating the analysis on the data sans-duplicates yields a slightly smaller but still statistically significant princeling effect, robust across the regression results. Further analysis also reveals that coefficients interpreted as the effect of logarithm of area actually reflect the effect of scaled values of area; this paper also reinterprets and contextualizes these results in light of the true scaled values.

Citation extraction

8
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appendix boundary found by appendix_command · 53% of the source is main text. Read the extracted text to check this.

Most heavily cited references

The works this paper leans on most, across its whole bibliography — not restricted to papers in our corpus. Ranked by composite intensity, which combines how often a work is mentioned, how many sections mention it, and how much of that falls in the main text rather than the appendix.

ReferenceIntensityMentionsSectionsMain text
1Wiebe, Michael Replicating the literature on prefecture-level meritocratic promotion in China0.64422100%
2Chen, Ting and Kung, James Kai-sing Busting the “Princelings”: The Campaign against Corruption in China’s Primary Land Market0.40511100%
3Gyourko, Joseph and Shen, Yang and Wu, Jing and Zhang, Rongjie Land finance in China: Analysis and review0.40511100%
4Li, Christina and Bao, Helen and Robinson, Guy Urban land marketization in China: A supply side analysis0.40511100%
5Wong, Edward New Communist Party Chief in China Denounces Corruption in Speech0.40511100%
6Xi, Jinping Power must be `caged' by the system0.40511100%
7Yuen, Samson Disciplining the Party: Xi Jinping's anti-corruption campaign and its limits0.40511100%
8Chen, Jiafeng and Roth, Jonathan Logs with Zeros? Some Problems and Solutions0.000210%

Showing the top 8 of 8 scored citations.

Cited by, within the corpus

arXiv econ.EM papers that cite this one, ranked by how heavily they lean on it.

Citing paperIntensityMentionsSections
1Anticorruption Enforcement and Sale Mechanism Choice in China’s Land Market0.73733