DOES LAND MARKETIZATION IMPROVE ECO-EFFICIENCY? EVIDENCE FROM CHINA

The trend of market-oriented land transaction scheme and the optimal allocation resources have become two important components ecological sustainable development. However, relevance analyzing effects marketization on environmental development cannot be overemphasized. are focus this paper. We begin by developing a theoretical framework to investigate how affects eco-efficiency. Moreover, we develop data envelopment analysis model measure empirically effect eco-efficiency using set 251 cities in China over period 2003 2018. Both empirical results show that exerts positive Specifically, 100% increase level leads 2.4 percent heterogeneous spatial also examined. Besides, endogeneity issues discussed instrumental variable approach. Finally, mechanism shows improves primarily through improving efficiency change, best practice change technology gap respectively. main conclusions confirmed several robustness checks.