| ln(landarea_resi) | ln(landprice_resi) | ln(landrevenue_resi) | auction_ratio |
| (1) | (2) | (3) | (4) |
career incentive | −1.145** | 1.963** | 1.498* | 0.209*** |
| (0.472) | (0.810) | (0.842) | (0.073) |
career incentive of predecessor | −0.496 | 0.164 | −0.252 | 0.013 |
| (0.415) | (0.710) | (0.738) | (0.063) |
fiscal deficit ratio | 0.230 | −0.803 | 2.579*** | 0.002 |
| (0.526) | (0.901) | (0.934) | (0.084) |
GDP | −0.484 | 2.844** | 1.855 | −0.064 |
| (0.776) | (1.332) | (1.382) | (0.124) |
GDP growth rate | 0.876 | −2.415 | −2.545 | −0.377 |
| (2.535) | (4.351) | (4.562) | (0.406) |
proportion of secondary industry | −2.181 | −5.721 | −7.671 | −1.414** |
| (3.557) | (6.096) | (6.317) | (0.570) |
proportion of secondary industry | 2.022 | 0.078 | 0.790 | −0.525 |
| (3.043) | (5.213) | (5.395) | (0.488) |
ln(fixed asset investment) | 0.350 | −0.126 | −0.564 | −0.008 |
| (0.331) | (0.569) | (0.591) | (0.053) |
urban ratio | 1.626* | −2.104 | −2.299 | 0.179 |
| (0.904) | (1.592) | (1.745) | (0.145) |
population growth rate | 0.565 | 2.276 | 3.057 | −0.450 |
| (1.913) | (3.271) | (3.396) | (0.306) |
ln(population density) | 0.936* | 2.862*** | 2.309** | −0.018 |
| (0.550) | (0.950) | (0.984) | (0.088) |
ln(PCDI) | 0.280 | −0.324 | 0.042 | 0.237 |
| (0.923) | (1.582) | (1.639) | (0.148) |
ln(urban road area) | 0.570** | 0.054 | 0.339 | 0.011 |
| (0.249) | (0.439) | (0.480) | (0.040) |
city fixed effect | yes | yes | yes | yes |
time fixed effect | yes | yes | yes | yes |
province specific time trend | yes | yes | yes | yes |
constant | −80.419 | 178.675* | 58.274 | 11.371 |
| (53.864) | (94.427) | (98.124) | (8.618) |
observations | 402 | 398 | 398 | 402 |
R-squared | 0.589 | 0.403 | 0.618 | 0.115 |
number of city | 46 | 46 | 46 | 46 |