The macro economy under the nonpublic land ownership system: robustness test of counterfactual analysis
| Cases | Variables | GDP | “Industrial sector” output value | “Commercial sector” output value | Fiscal revenue | Infrastructure investment | Infrastructure capital stock | Household welfare |
|---|---|---|---|---|---|---|---|---|
| R1 | Compared with the public land ownership system | Reduced by 51% | Reduced by 55% | Reduced by 42% | Reduced by 52% | Reduced by 55% | Reduced by 54% | Reduced by 50% |
| R2 | Compared with the public land ownership system | Reduced by 27% | Reduced by 34% | Reduced by 15% | Reduced by 30% | Reduced by 29% | Reduced by 33% | Reduced by 26% |
| R3 | Compared with the public land ownership system | Reduced by 27% | Reduced by 32% | Reduced by 16% | Reduced by 29% | Reduced by 33% | Reduced by 31% | Reduced by 25% |
| R4 | Compared with the public land ownership system | Reduced by 49% | Reduced by 54% | Reduced by 40% | Reduced by 51% | Reduced by 54% | Reduced by 54% | Reduced by 49% |
| R5 | Compared with the public land ownership system | Reduced by 25% | Reduced by 30% | Reduced by 18% | Reduced by 30% | Reduced by 31% | Reduced by 32% | Reduced by 24% |
| R6 | Compared with the public land ownership system | Reduced by 28% | Reduced by 33% | Reduced by 18% | Reduced by 29% | Reduced by 33% | Reduced by 31% | Reduced by 27% |
| R7 | Compared with the public land ownership system | Reduced by 20% | Reduced by 24% | Reduced by 13% | Reduced by 18% | Reduced by 22% | Reduced by 21% | Reduced by 19% |
| R8 | Compared with the public land ownership system | Reduced by 38% | Reduced by 44% | Reduced by 27% | Reduced by 41% | Reduced by 43% | Reduced by 44% | Reduced by 36% |
| R9 | Compared with the public land ownership system | Reduced by 40% | Reduced by 46% | Reduced by 29% | Reduced by 43% | Reduced by 45% | Reduced by 47% | Reduced by 38% |
| R10 | Compared with the public land ownership system | Reduced by 35% | Reduced by 42% | Reduced by 24% | Reduced by 37% | Reduced by 42% | Reduced by 40% | Reduced by 34% |
| R11 | Compared with the public land ownership system | Reduced by 22% | Reduced by 30% | Reduced by 9% | Reduced by 23% | Reduced by 25% | Reduced by 28% | Reduced by 20% |
| R12 | Compared with the public land ownership system | Reduced by 12% | Reduced by 17% | Reduced by 4% | Reduced by 15% | Reduced by 18% | Reduced by 19% | Reduced by 10% |
| Cases | Variables | GDP | “Industrial sector” output value | “Commercial sector” output value | Fiscal revenue | Infrastructure investment | Infrastructure capital stock | Household welfare |
|---|---|---|---|---|---|---|---|---|
| R1 | Compared with the public land ownership system | Reduced by 51% | Reduced by 55% | Reduced by 42% | Reduced by 52% | Reduced by 55% | Reduced by 54% | Reduced by 50% |
| R2 | Compared with the public land ownership system | Reduced by 27% | Reduced by 34% | Reduced by 15% | Reduced by 30% | Reduced by 29% | Reduced by 33% | Reduced by 26% |
| R3 | Compared with the public land ownership system | Reduced by 27% | Reduced by 32% | Reduced by 16% | Reduced by 29% | Reduced by 33% | Reduced by 31% | Reduced by 25% |
| R4 | Compared with the public land ownership system | Reduced by 49% | Reduced by 54% | Reduced by 40% | Reduced by 51% | Reduced by 54% | Reduced by 54% | Reduced by 49% |
| R5 | Compared with the public land ownership system | Reduced by 25% | Reduced by 30% | Reduced by 18% | Reduced by 30% | Reduced by 31% | Reduced by 32% | Reduced by 24% |
| R6 | Compared with the public land ownership system | Reduced by 28% | Reduced by 33% | Reduced by 18% | Reduced by 29% | Reduced by 33% | Reduced by 31% | Reduced by 27% |
| R7 | Compared with the public land ownership system | Reduced by 20% | Reduced by 24% | Reduced by 13% | Reduced by 18% | Reduced by 22% | Reduced by 21% | Reduced by 19% |
| R8 | Compared with the public land ownership system | Reduced by 38% | Reduced by 44% | Reduced by 27% | Reduced by 41% | Reduced by 43% | Reduced by 44% | Reduced by 36% |
| R9 | Compared with the public land ownership system | Reduced by 40% | Reduced by 46% | Reduced by 29% | Reduced by 43% | Reduced by 45% | Reduced by 47% | Reduced by 38% |
| R10 | Compared with the public land ownership system | Reduced by 35% | Reduced by 42% | Reduced by 24% | Reduced by 37% | Reduced by 42% | Reduced by 40% | Reduced by 34% |
| R11 | Compared with the public land ownership system | Reduced by 22% | Reduced by 30% | Reduced by 9% | Reduced by 23% | Reduced by 25% | Reduced by 28% | Reduced by 20% |
| R12 | Compared with the public land ownership system | Reduced by 12% | Reduced by 17% | Reduced by 4% | Reduced by 15% | Reduced by 18% | Reduced by 19% | Reduced by 10% |
Source(s): Drawn up by the author
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