| ln(landarea_resi) | ln(landprice_resi) | ln(landrevenue_resi) | auction ratio |
| (1) | (2) | (3) | (4) |
career incentive | −0.782* | 1.865** | 1.396* | 0.202*** |
| (0.439) | (0.769) | (0.799) | (0.073) |
tenure length | −0.260*** | 0.064 | −0.158 | −0.004 |
| (0.095) | (0.167) | (0.173) | (0.016) |
tenure length square | 0.021** | −0.009 | 0.009 | 0.001 |
| (0.009) | (0.016) | (0.017) | (0.002) |
fiscal deficit ratio | 0.156 | −0.948 | 2.780*** | 0.029 |
| (0.522) | (0.912) | (0.948) | (0.086) |
GDP | −0.321 | 2.903** | 2.110 | −0.098 |
| (0.774) | (1.354) | (1.408) | (0.128) |
GDP growth rate | 1.071 | −1.946 | −1.862 | −0.378 |
| (2.503) | (4.379) | (4.605) | (0.413) |
proportion of secondary industry | −2.237 | −6.336 | −8.316 | −1.282** |
| (3.506) | (6.125) | (6.364) | (0.580) |
proportion of tertiary industry | 2.105 | −0.359 | 0.570 | −0.402 |
| (3.013) | (5.259) | (5.453) | (0.498) |
ln (fixed asset investment) | 0.310 | −0.359 | −0.879 | −0.022 |
| (0.322) | (0.564) | (0.588) | (0.053) |
urban ratio | 1.456 | −2.221 | −2.558 | 0.191 |
| (0.892) | (1.598) | (1.759) | (0.148) |
population growth rate | 0.425 | 2.091 | 2.740 | −0.515 |
| (1.957) | (3.410) | (3.549) | (0.324) |
ln (population density) | 1.079*** | 1.405* | 0.549 | −0.012 |
| (0.415) | (0.726) | (0.753) | (0.068) |
ln (PCDI) | 0.300 | −0.173 | 0.213 | 0.272* |
| (0.909) | (1.590) | (1.650) | (0.150) |
ln (urban road area) | 0.441* | −0.003 | 0.175 | 0.025 |
| (0.245) | (0.441) | (0.483) | (0.041) |