Investigating spatiotemporal patterns and determinants of land resource misallocation in prefecture‐level China

Abstract The misallocation of land resources is an important factor restricting the high‐quality development of China's economy. Based on the perspective of supply and demand matching, this study proposed a measurement method for the spatial misallocation of land resources and constructed two models for the testing and decomposition of factors affecting land resource spatial misallocation. We used this measurement method and these two models to explore the spatiotemporal characteristics and determinants of the spatial misallocation of land resources in China from 2000 to 2018 with the aim of providing policy recommendations for the correction of land resource misallocation in China and other developing countries. The results showed that the spatial misallocation of land resources in China showed an upward trend with evident spatial differentiation and the proportion of cities with high and severe misallocation increased. Industrial isomorphism and market misallocation are the main driving factors of land misallocation. Government misallocation and factor market abnormal development aggravate land resource misallocation. Extensive economic development and excessive factor agglomeration have a small effect on land resource spatial misallocation. Therefore, strengthening the land supply‐side reform, and implementing differentiated land allocation policies are effective pathways to control land resource misallocation in China.